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Question 252 - CSCP discussion

Report
Export

Which of the following documents includes the valuation of goods for assessment of duties?

A.
Insurance certificate
Answers
A.
Insurance certificate
B.
Export declaration
Answers
B.
Export declaration
C.
Bill of landing (B/L)
Answers
C.
Bill of landing (B/L)
D.
Commercial invoice
Answers
D.
Commercial invoice
Suggested answer: D

Explanation:

A commercial invoice is a document used in international trade that includes the valuation of goods for the assessment of duties and taxes. It provides detailed information about the goods being shipped, such as the description, quantity, unit price, total value, and terms of sale. Customs authorities use the commercial invoice to determine the applicable duties and taxes for the shipment. It is a critical document for both the exporter and importer in ensuring compliance with trade regulations.

Murphy, P.R., & Knemeyer, A.M. (2018). Contemporary Logistics. Pearson.

Export.gov (2018). Shipping Basics.

asked 16/09/2024
Jose Leston
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