Customs Valuation
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Related party transaction value: when CBP accepts the price between affiliates, and what replaces it
CBP does not reject a price only because buyer and seller are related. Under 19 U.S.C. §1401a(b)(2)(B) and 19 C.F.R. §152.103(l), the price stands if the relationship did…
The fallback method under 19 U.S.C. §1401a(f): what CBP accepts as a reasonable adjustment, and what the Importer of Record documents
The fallback method is the last of six valuation methods. Under 19 U.S.C. §1401a(f) and 19 C.F.R. §152.107 it derives value from the earlier methods, reasonably adjusted, and…