A 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 such a way that they qualify for more favorable duty treatment can help an importer minimize import duties. This can be done by correctly classifying the imported products and applying the appropriate tariff rate, as well as taking advantage of any free trade agreements or preferential trade programs that may apply to the products.

A Broker or Other Import Consultant Can Help an Importer