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Valuation: transaction value
What goes into the price actually paid or payable, the five additions, the exclusions, and related-party sales.
Governing text: 19 CFR § 152.103
Rules to know
- Five additions: buyer's packing costs, selling commissions, assists, royalties required as a condition of sale, and resale proceeds that accrue to the seller.
- Rebates made after importation are disregarded.
- A related-party price is not rejected only because the parties are related.
Free sample questions
Which of the following is added to the price actually paid or payable in determining transaction value, if not already included in the price?19 CFR 152.103(b)(1), (a)(2), (i)
A buyer supplies molds free of charge to the foreign producer for use in making the imported merchandise. What are the molds?19 CFR 152.102(a)(1)(ii)
A person and an organization are "related persons" when the person owns, controls or holds with power to vote at least what share of the organization's outstanding voting stock?19 CFR 152.102(g)(6)
In what order are the appraisement methods applied?19 CFR 152.101(b)
Computed value is the sum of the cost of materials and processing, an amount for profit and general expenses, any assist not already included, and:19 CFR 152.106(a)
To be used under the transaction value of identical or similar merchandise, the comparison merchandise must have been exported to the United States:19 CFR 152.104(a)(2)
Two transaction values for identical merchandise are found. The merchandise is appraised on the basis of:19 CFR 152.104(d)
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