General Studies · International Trade
Read the following statements and choose the correct option: Assertion (A): The commercial invoice is the primary document used by customs authorities to determine the value of goods for duty assessment. Reason (R): The commercial invoice includes details such as buyer and seller information, description of goods, quantity, and price.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(A) is false, but (R) is true
- 2(A) is true, but (R) is false
- 3Both (A) and (R) are true, but (R) is not the correct explanation of (A)
- 4Both (A) and (R) are true and (R) is the correct explanation of (A)✓
Correct answer
Both (A) and (R) are true and (R) is the correct explanation of (A)
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