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Sign inApril 2026 · Q79 · Valuation & Duty
Convert foreign currency at the exportation-date rate
Explain that when a commercial invoice is in a foreign currency, the amount is converted to U.S. dollars using a proclaimed rate or a certified rate or rates, except as otherwise specified in the subpart (19 CFR 159.31), and that the rate used is the one effective on the date of exportation (19 CFR 159.32). Apply the 19 CFR 152.1(c) definition: the date of exportation is the actual date the merchandise finally leaves the country of exportation for the United States. Recognize that the invoice date, the arrival or import date and the entry date are not substitutes for that date; only if no positive evidence of the actual date is at hand does the Center director ascertain or estimate it by all reasonable ways and means, and bills of lading, invoices and other available information may then be considered as evidence, not as an automatic answer.
What you will learn
Explain that when a commercial invoice is in a foreign currency, the amount is converted to U.S. dollars using a proclaimed rate or a certified rate or rates, except as otherwise specified in the subpart (19 CFR 159.31), and that the rate used is the one effective on the date of exportation (19 CFR 159.32). Apply the 19 CFR 152.1(c) definition: the date of exportation is the actual date the merchandise finally leaves the country of exportation for the United States. Recognize that the invoice date, the arrival or import date and the entry date are not substitutes for that date; only if no positive evidence of the actual date is at hand does the Center director ascertain or estimate it by all reasonable ways and means, and bills of lading, invoices and other available information may then be considered as evidence, not as an automatic answer.
19 CFR 159.32 Date of exportation; 19 CFR 159.31 Rates to be used; 19 CFR 152.1(c) Date of exportation (definition) · Exam cover: HTSUS 2025 Basic Edition, no supplements; 19 CFR cover 'Revised as of January 1, 2024'. Actual GovInfo annual edition files used here are revised as of April 1, 2024 (2024-04-01); disclosed, not relabeled as January 1.
Explained using the historical edition for this exam.