Congress recently instructed U.S. Customs and Border Protection (CBP) to require, for a one-year period, that each importer of merchandise declare whether the transaction value of its imported merchandise has been determined on the basis of a first or earlier sale.  CBP is to submit a report containing this information to the International Trade Commission (ITC) so that the ITC can then report to Congress.

Click on the PDF link above to view the full memo.

Source: Customs and Trade Client Memorandum
Leave Drinker Biddle to Learn More