Other Considerations of Identical Goods
- Note that If more than one transaction value of identical goods is found, the lowest should be used.
- In applying Method 2, Customs administration shall wherever possible, use a sale of identical goods at the same commercial level and in substantially the same quantities as the goods being valued. Where no such sales are found, a sale of identical goods that takes place under any one of the following three conditions may be used.
- A sale at the same commercial level but in different quantities
- A sale at a different commercial level but in substantially the same quantities
- A sale at a different commercial level and in different quantities is exported at or about the same time as the goods being valued.
- In applying Method 2, Customs administration shall wherever possible, use a sale of identical goods at the same commercial level and in substantially the same quantities as the goods being valued. Where no such sales are found, a sale of identical goods that takes place under any one of the following three conditions may be used.
- Note that If more than one transaction value of identical goods is found, the lowest should be used.
Learning Activities
Review legal texts related to method two – Transaction value of identical goods and come up with minor differences that may be associated with identical goods.
Assignment
- With reference to Article two, if two values of identical goods are found in the database then the lowest should be adopted. True or False?
- The transaction value of identical goods method is based on previously accepted values. True or False?
- In applying Method 2, Customs administration shall wherever possible, use a sale of identical goods at the same commercial level and in substantially the same quantities as the goods being valued. Explain three conditions that may be used when no such sales are found.