Westinghouse, Phils. imported from Westinghouse, USA 300 units of…

Question Answered step-by-step Westinghouse, Phils. imported from Westinghouse, USA 300 units of… Westinghouse, Phils. imported from Westinghouse, USA 300 units of current transformers rated at 5 KVA, 220/440 volts with invoice value of $ 200.00/unit, FOB, Los Angeles. The appraiser found out that Westinghouse, USA owns 10% of the voting stock of Westinghouse, Phils. In order to determine that the invoice value was not influenced by said relationship, the appraisor compared the import price with the price of the same transformer sold by Westinghouse, USA to other importers in the Phils. not related to them. Such price was established at FOB value of $ 240.00 per unit but includes a full warranty handled by Westinghouse, USA and is estimated at 20% of the invoice price. On the other hand Westinghouse, Phils. assumes its own warranty cost. If you were the appraiser, how much will you assess the dutiable value based on the ocean freight charges of $ 20.00/unit & exchange rate of Php 43.250/ $1.00? Law Social Science Tax law TAX 5628 Share QuestionEmailCopy link Comments (0)