Q20 Which is most commonly used valuation method for imports into Australia? a)c
ID: 1106314 • Letter: Q
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Q20 Which is most commonly used valuation method for imports into Australia? a)computed value bfa back value c) deductive value transaction value e)similar goods value 021 For the freight forwarder or other service provider that causes an export declaration to be made, what is the minimum documentary retention period, expresses in years? a)1 b)2 c)3 e)5 Q22 For the exporter, what is the minimum documentary retention period, expressed in years? a)1 b)2 C)3 e)5 Q23 A CAN is required for every consignment having a minimum value of AUD a)500 b)1000 C)1500 d)2000 e)2500 Q24 Under the Hague Rules what is the carrier liability? a)50 French gold francs 1944 value per package b)50 French gold francs 1924 per kg c)100 French gold francs 1944 value per package d)100 French gold francs 1924 per kg e100 USD per package 025 Under the Hague-Visby Rules ,what is the carrier liability? a)2 SDR per kg b)666.67 SDR per package c)2SDR per kg or 666.67 SDR per package whichever is the higher d)20 USD per kg e)66.67 USD per packageExplanation / Answer
Q20) The most common method for valuing any import is to use the ‘transaction value’, which is the price the importer actually paid (or is going to pay) for the goods.
Q21) Commercial documents relating to the goods must be retained and available for inspection for at least five years.
Q22) Commercial documents relating to the goods must be retained and available for inspection for at least five years.Australian authority requires that the documents must be retained for at least five years and failing to which attract penalties.
Q23) CAN is required for minimum order value of AUD 1000
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