ADVERTISEMENT



Google       

Home -> Law Blog Directory -> Administrative Law Blogs -> Customs Law

OR PHONE (866) 635-1838 for Bankruptcy Help, (866) 635-6190 for Divorce,
(866) 635-2689 for Personal Injury or (866) 635-9402 for Criminal Defense

Find a Local Lawyer

Bankruptcy (866) 635-1838
Divorce (866) 635-6190
Personal Injury (866) 635-2689
Criminal Defense (866) 635-9402

Bookmark

Administrative Law

: Customs Law

First Sale Data

ADVERTISEMENTS
Because I have previously discussed my views on the Customs and Border Protection proposal to interpret the valuation statute to do away with the so-called first sale rule, I probably should have mentioned that the International Trade Commission has published its congressionally mandated report on the topic. Note that the report is 255 pages, although the narrative is in the first 35 or so, the remainder is appendices and charts.

There is not a whole lot of data here. Here are some of the highlights based on data collected from September 1, 2008 to August 31, 2008:
  • 23,520 entities reported using first sale for valuation (8.5% of all importers)
  • Of those using first sale, 14% were in textiles, footwear, and apparel; 12% were in metals and metal products; 10% were in machinery, transportation, and computers
  • $38.5 billion of trade was affected (2.4% of all imports)
  • Of all first sale trade, by value 31% was machinery, transportation, and computers; 15% was electrical equipment; and 14% was textiles, apparel, and footwear
An interesting piece of data that is missing is the revenue lost by application of the first sale rule. The ITC did not have access to data showing the difference between the declared value and the fully-loaded cost to the importer. As a result, it is still not clear whether this is a big revenue issue for the U.S.

I must admit that I am a bit surprised by the number of entities using first sale and the diversity of the industries involved. Beyond that, I am not sure what conclusions Customs or Congress will be able to draw from this study. Customs original position has less to do with revenue than with international consistency and its reading of the value code. It seems unlikely that this report will change any minds at Customs. That means the question may well end up back in Congress.

Full post as published by Customs Law on January 11, 2010 (boomark / email).

Bloggers, promote your law blog by nominating your blog for inclusion in USLaw.com's Law Blog Directory and RSS Reader. Benefits described.
Related Law Articles

House Closing
Sealing a home sale

Lawsuits and Settlements

Hewlett-Packard and Staples
allegedly violated antitrust laws in collaborating on the sale of replacement ink jet printer cartridges.

Generic Versions
Barr Pharmaceuticals to pay $5.9 million settlement for blocking the sale of oral contraceptives.

T-mobile data plans, T-mobile, t-mobile phones
T-Mobile Faces Class Action over Limited Unlimited Data Plans

AT&T Faces Class Action over Excessive Data Usage Charges
AT&T Faces Class Action over Excessive Data Usage Charges

Seroquel
Data on Diabetes Buried

Nursing Home Abuse
New Data Made Public

Related Searches

























































































































US Law
#1 Online Legal Resource













Your Blog Subscriptions
Subscribe to blogs

10,000+ Law Job Listings
Lawyer . Police . Paralegal . Etc
Earn a law-related degree
Are you the author of this blog? Adding USLaw.com to your Blogroll increases relevance. You qualify to display a USLaw Network badge.
Suggest changes to this blog's description or nominate another for inclusion. Register for updates.


Practice Area
Zip Code:

Contact a Lawyer Now!






0.0021 secs (from cache 11/02/26 17:09:49)