More Ammunition To Kill The 'First Sale Rule'?

Law360, New York (January 21, 2010, 3:38 PM EST) -- In January 2008, Customs and Border Protection issued a Federal Register notice proposing a "new interpretation of the phrase sold for exportation to the United States" for purposes of applying the transaction value method of valuation.

The so-called new interpretation was the elimination of the "first sale rule" in transactions where there are multiple sales of the imported goods prior to its entry into the United States.

The first sale rule, which is firmly rooted in judicial precedent and customs jurisprudence, permitted the importer to pay...
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