Calculate Your Way to Success
15 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the net value for LVS shipments?

  • The current market price of the commodities to the same type of purchaser in the United States
  • The value of containers in which the commodity is being exported
  • The total value of the containers and their contents shown on Shipper's Export Declarations under one Schedule B Number
  • The actual selling price of the commodities included in the same order and controlled under the same entry on the CCL, less shipping charges (correct)
  • Can the value of containers be excluded when determining the actual selling price or the current market price of the commodity for LVS purposes?

  • Yes (correct)
  • No
  • It depends on the type of commodity being exported
  • It depends on the country of destination
  • Can the value of any content that would not, if shipped separately, be subject to licensing, be subtracted from the net value for LVS purposes?

  • It depends on the country of destination
  • It depends on the type of commodity being exported
  • Yes
  • No (correct)
  • What should the exporter indicate on the Shipper's Export Declarations when the total value of the containers and their contents must be shown under one Schedule B Number?

    <p>The net value of the contained commodity immediately below the description of the commodity</p> Signup and view all the answers

    Is the net value for LVS shipments the same as the value of the containers and their contents?

    <p>No</p> Signup and view all the answers

    What is the net value for LVS shipments?

    <p>The actual selling price of the commodities minus shipping charges</p> Signup and view all the answers

    What is excluded in determining the actual selling price or the current market price of the commodity for LVS purposes?

    <p>Both A and B</p> Signup and view all the answers

    Can the net value for LVS purposes be reduced by subtracting the value of any content that would not, if shipped separately, be subject to licensing?

    <p>No</p> Signup and view all the answers

    What should the exporter indicate on the Shipper's Export Declarations when the total value of the containers and their contents must be shown under one Schedule B Number?

    <p>The net value of the contained commodity immediately below the description of the commodity</p> Signup and view all the answers

    Is the value of containers included in the net value for LVS purposes?

    <p>No</p> Signup and view all the answers

    The net value for LVS shipments is determined by subtracting the shipping charges from the selling price of the commodities

    <p>False</p> Signup and view all the answers

    The net value for LVS shipments is always calculated based on the current market price of the commodities in the United States

    <p>False</p> Signup and view all the answers

    The value of containers in which the commodity is being exported must always be included in the net value calculation for LVS shipments

    <p>False</p> Signup and view all the answers

    The net value for LVS purposes is the value of the controlled commodity being exported, even if it includes content that would not be subject to licensing if shipped separately

    <p>True</p> Signup and view all the answers

    If the total value of containers and their contents must be shown on Shipper's Export Declarations under one Schedule B Number, the exporter must indicate the net value of the contained commodity immediately below the description of the commodity

    <p>True</p> Signup and view all the answers

    More Like This

    Calculate Your Way to Investment Success
    6 questions
    Calculate Your Way to Success
    3 questions
    Calculate Your Carbon Footprint
    5 questions
    Use Quizgecko on...
    Browser
    Browser