Customs valuation by transaction value turns on unrestricted sale conditions, related-party checks, and sequential fallback methods. Customs valuation of imported goods is based on the transaction value, subject to adjustment under the prescribed valuation rules. That value is accepted only where the buyer's use is not restricted except for lawful or public authority restrictions, geographical resale limits, or other limits that do not substantially affect value; the sale is not subject to an unascertainable condition or consideration; no part of subsequent resale proceeds accrues to the seller unless a proper adjustment can be made; and the buyer and seller are not related, or the relationship does not disqualify acceptance under the related-person test.
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.
Customs valuation by transaction value turns on unrestricted sale conditions, related-party checks, and sequential fallback methods.
Customs valuation of imported goods is based on the transaction value, subject to adjustment under the prescribed valuation rules. That value is accepted only where the buyer's use is not restricted except for lawful or public authority restrictions, geographical resale limits, or other limits that do not substantially affect value; the sale is not subject to an unascertainable condition or consideration; no part of subsequent resale proceeds accrues to the seller unless a proper adjustment can be made; and the buyer and seller are not related, or the relationship does not disqualify acceptance under the related-person test.
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