Part 7: Valuation & Appraisement of Merchandise
Valuation & Appraisement of Merchandise
•
16m
Fair retail value and transaction value are crucial concepts in pricing, focusing on the actual price paid or payable. Key steps for calculating costs include considering invoice amounts, ocean freight, and insurance charges. It's important to distinguish between estimated and actual costs. The content also covers related persons and legal entities recognized by customs, and outlines the roles of shareholders, board of directors, and officers in corporate management.
#Code of Federal Regulations (CFR) Title 19
#Part 152
Up Next in Valuation & Appraisement of Merchandise
-
Part 8: Valuation & Appraisement of M...
Explore the structure and roles within corporations, focusing on the authority of officers and the implications of insider trading. Learn about the relationships between corporate entities and their significance in valuation. Additionally, discover how merchandise is classified, including the def...
-
Part 9: Valuation & Appraisement of M...
Valuation methods are essential for appraising merchandise, focusing primarily on transaction value. Key factors include the characteristics of the country and entity involved. Certain items, such as free engineering and design work, are not included in the valuation. The analysis of transaction ...
-
Part 10: Valuation & Appraisement of ...
A letter of credit serves as a financial instrument detailing its purpose and limitations. Key entities include buyers, sellers, exporters, importers, and banks, with banks facilitating transactions between Malaysia and the U.S. Buyers must be cautious with unknown sellers, and the payment proces...