A customs broker or other import consultant can help an importer minimize import duties by ________.
A)bypassing duty rebates available through drawback provisions
B)incurring duties by using non-bonded warehouses and foreign trade zones
C)maximizing liability by improperly marking an import's country of origin
D)valuing products in such a way that they qualify for more favorable duty treatment

Question

Quizplus · Accepted Answer

Valuing products in a strategic way can help an importer qualify for more favorable duty treatment, such as through the use of preferential trade agreements or tariff classification. Bypassing duty rebates through drawback provisions, incurring duties through non-bonded warehouses and foreign trade zones, and improperly marking country of origin can all result in penalties and increased duties.

A Customs Broker or Other Import Consultant Can Help an Importer