Transaction value governs customs valuation; alternate valuation proceeds sequentially through prescribed rules when transaction value is unavailable. The transaction value is the primary basis for determining the value of imported goods, subject to specified exceptions; if transaction value cannot be applied, the value must be determined by proceeding sequentially through the alternative valuation methods provided in the Rules until a satisfactory value is ascertained.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Transaction value governs customs valuation; alternate valuation proceeds sequentially through prescribed rules when transaction value is unavailable.
The transaction value is the primary basis for determining the value of imported goods, subject to specified exceptions; if transaction value cannot be applied, the value must be determined by proceeding sequentially through the alternative valuation methods provided in the Rules until a satisfactory value is ascertained.
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