The First Sale Rule: Could It Lead To Duty Savings For You?

Some readers may be aware that Customs, through a proposed rulemaking, attempted to abolish the first sale rule in 2008. The first sale rule is a method of determining transaction value, or the price paid or payable, for valuation and appraisement purposes. The rule provides that a U.S. importer may base the valuation of an imported product that was the […]