When shipping two articles under one ECCN with a value of $500 each, what is the only exception available?

Prepare for the CUSECO Training Exam with our quiz. Study using flashcards and multiple-choice questions, each with hints and explanations. Get ready for your exam success!

When shipping two articles under one Export Control Classification Number (ECCN) that have a value of $500 each, the most relevant exception available is the LVS, which stands for "Limited Value Shipment." This exception applies when the total value of the items being shipped does not exceed a specified threshold set by the Bureau of Industry and Security (BIS).

In this case, since the total value of the articles is $1,000 (which is $500 for each article), it qualifies for the LVS exception, which allows for simplified export procedures under specific conditions. This exception is designed to facilitate the movement of lower-value items, acknowledging that the regulatory burden can be disproportionately heavy relative to the value of the goods involved.

The other options pertain to different types of exception categories that either do not apply in this situation or pertain to shipments of different values or classifications, making them unsuitable for this particular case involving two identical articles valued at $500 each. The LVS is specifically tailored for circumstances of more modest value, streamlining compliance requirements for exporters in such scenarios.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy