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ARTICLE · 30 SEPTEMBER 2008

Customs Valuation: Transaction Value And Related Parties

Blank Rome LLP
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This Customs and International Trade Alert is the second in a series examining developments pertaining to the traditional role of U.S. Customs and Border Protection ("CBP") in managing imports, namely determining the classification, value, and country of origin of those imports.

United StatesInternational Law
Frederick Ikenson
Frederick Ikenson
Peggy Clarke
Peggy Clarke
Edward Farrell
Edward Farrell

This Customs and International Trade Alert is the second in a series examining developments pertaining to the traditional role of U.S. Customs and Border Protection ("CBP") in managing imports, namely determining the classification, value, and country of origin of those imports. With respect to valuation, two specific issues have been the focus of considerable attention at CBP: "First Sale" valuation and related party pricing. "First Sale" valuation, which is the subject of recent CBP proposals and legislative directives, was discussed in our Customs and International Trade Alert, "When it Comes to Imports, Companies Must Remember the Basics: Valuation, Classification, and Country of Origin." Related party pricing, a matter of some enduring concern, is discussed here.

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