Use of the First Sale Rule for Customs Valuation of U.S ...

United States International Trade CommissionInvestigation No. 332-505 USITC Publication 4121 December 2009 Use of the " First Sale Rule" for Customs Valuation of Imports Address all communications to Secretary to the Commission United States International Trade Commission Washington, DC International Trade CommissionDirector, Office of EconomicsRobert B. KoopmanDirector of OperationsRobert A. RogowskyCOMMISSIONERS Shara L. Aranoff, Chairman Daniel R. Pearson, Vice Chairman Deanna Tanner Okun Charlotte R. Lane Irving A. Williamson Dean A. International Trade CommissionWashington, DC 20436 2009 Publication 4121 Use of the " First Sale Rule" for Customs Valuation of Imports Investigation No. 332-505 This report was prepared principally by the Office of Economics Project Leader Michael Ferrantino Co-deputy Project Leaders Nannette Christ and William Powers Office of Economics Alison Weingarden Primary Reviewers Cathy DeFilippo, Office of Investigations John Fry, Office of Industries Under the direction of Hugh Arce, Research Division, Office of Economics iPREFACE This report responds to the requirement in section 15422(c) of the Food, Conservation, and Energy Act of 2008 (2008 Act) (19 1484 note) that the Commission provide a report to the Congress containing certain information relating to the use of the First Sale method of valuing import transactions.

Where there are multiple sales of goods prior to their importation into the United States, the First Sale rule allows importers, in certain circumstances, to use the price paid in the “first or earlier sale” as the basis for the customs value of the goods rather than the price the importer ultimately paid for the goods.

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  Good, Seal, Of goods

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