Adamson University

College of Business Administration

Customs Administration Department

Basis of Dutiable Value Seatwork#1
Name: Date:
INSTRUCTIONS: Answer the following questions correctly. Use the back portion of this questionnaire for
your solutions.

1. An importation of 1x20 STC: 1,000 boxes of cigarettes landed at Port of Manila valued at
$14,000 FOB Ningbo. The covering bill of lading shows an ocean freight amounting to $600.00
and the covering invoice also shows a freight amounting to $650.00. If the consignee insured
the goods locally amounting to P1,500.00 and the prevailing exchange rate is $1.00/P44.00,
compute for the following:

a. Customs value
b. Applicable freight for customs assessment
c. Applicable insurance for customs assessment
d. Dutiable Value in dollars

2. Macko-let trading company imported 200 boxes of thermocouple tubes from China valued at
$25.50/carton FCA Shenzen. If the covering airwaybill shows an airfreight amounting to
$300.00 and an IATA rate is available amounting to $1,500, compute for the following:

a. Customs Value
b. Applicable freight for customs assessment
c. Applicable insurance for customs assessment
d. Dutiable Value in dollars

3. An importation of 1x40 STC: 30 MT Frozen tuna from Mauritania arrived at Port of Zamboanga
last August 3, 2014. Said importation was valued at $3.12/kilogram CFR Zamboanga. If the
covering invoice shows a freight amounting to $2,300 and the bill of lading also shows a
freight amounting to $2,500, compute for the following:

a. Customs Value
b. Applicable freight for customs assessment
c. Applicable insurance for customs assessment
d. Dutiable Value in dollars