Part 23: Valuation & Appraisement of Merchandise
Valuation & Appraisement of Merchandise
•
16m
Explore the process of subsequent sales and the significance of transaction value in resale scenarios. The video clarifies the right to reproduce and its effect on pricing, noting that it does not add to transaction value. It provides examples from original artwork sales, differentiating between copyright fees and transaction value. Additionally, it discusses exclusions from transaction value, including duties and taxes, and how market restrictions affect sales, especially in the automotive sector.
#Code of Federal Regulations (CFR) Title 19
#Part 152
Up Next in Valuation & Appraisement of Merchandise
-
Part 24: Valuation & Appraisement of ...
Auto dealerships often have contractual stipulations that limit sales, affecting pricing strategies. The oligopoly concept shows how limited competition impacts transaction values. Related party transactions are analyzed for their influence on pricing, while legal restrictions are clarified. Test...
-
Part 25: Valuation & Appraisement of ...
Quantities play a key role in pricing, while internal transport costs are also important. Customs officers have discretion in using test values for valuation, which serve as comparison points rather than transaction values. Related party transactions require careful analysis, and established cust...
-
Part 26: Valuation & Appraisement of ...
Customs value approximation focuses on accepted variations and transaction values. Incorrect values can lead to misunderstandings. Deductive value categories include similar merchandise and specific rules. The reconciliation process helps update prices and correct overpaid duties. Proper declarat...
