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Short Answer Questions Question 27 (6 points) For the following products imported calculate the amount of Duty and GST that the Canadian importer must pay

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Short Answer Questions Question 27 (6 points) For the following products imported calculate the amount of Duty and GST that the Canadian importer must pay the CBSA 1 Can - 0.87 US 1 Can -0.56 Euros GST rate - 5% 1. Steel Panels total 52,000 US $ @ 9% duty (2 marks) 2. Cookies total 4500 US$ @ 16% duty (2 marks) 3. French Chocolate 15000 Euros @ 10% duty (2 marks) Question 30 (2 points) Sault imports steel from a mill in Chicago USA. The Incoterms for the contract state CPT (Sault 55 City Center Dr. Miss.). The invoice cost from supplier is $300,000 CON. The freight cost included in the price) is $4.000 1. What would be an acceptable value for duty? (1 mark) 2. What would the VFD code be? (1 mark) Question 31 2 points What are the two statutes that sover the importation of goods coming into coming into Canada from anywhere outside of Canada

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