"First Sale Rule" for Customs Valuation of US Imports - USITC

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12 10 8 Figure ES.1 Only the textiles, apparel, and footwear sector had both above-average First Sale use and above-average tariff rate Average = 2.4 High share of First Sale use and above-average tariff rate. Textiles, apparel, & footwear Average tariff rate (percent) 6 4 2 0 Average = 1.4 Other raw material Large First Sale use by value. Other manufacturing Metals & products Plastics & rubber Machinery, transportation & computers High share of First Sale use and below-average tariff rate. Food & agriculture 0 1 2 3 4 5 6 Electrical equipment Bubble size is proportional to the customs value of sector's First Sale imports. -2 First Sale share of each sector's total import value (percent) TABLE ES.1 Top ten First Sale HTS chapters, by First Sale value and share (excluding chapters suppressed due to confidentiality) First Sale HTS Brief description a Value (Thousand $) Share of C.V. b (Percent) Total 38,526,912 2.36 Top ten chapters by First Sale value 84 Machinery and computers 5,974,658 2.89 85 Electrical machinery 5,322,086 2.45 62 Woven apparel 1,964,764 6.07 61 Knitted apparel 1,896,745 5.48 27 Mineral fuels 1,588,250 0.54 22 Beverages 1,265,971 8.23 64 Footwear 1,072,720 5.92 30 Pharmaceutical products 1,026,425 1.96 73 Iron and steel products 925,683 2.93 42 Leather 853,792 9.66 Top ten chapters by First Sale share of total chapter imports 08 Fruits and nuts 821,855 10.66 42 Leather 853,792 9.66 22 Beverages 1,265,971 8.23 12 Oil seeds 138,300 7.98 06 Trees and flowers 100,852 7.39 03 Fish 639,192 6.13 62 Woven apparel 1,964,764 6.07 64 Footwear 1,072,720 5.92 67 Feathers 69,378 5.50 61 Knitted apparel 1,896,745 5.48 Sources: CBP (September 2008–August 2009 First Sale data) and U.S. Department of Commerce. a For descriptive purposes only. Official tariff descriptions available at http://www.usitc.gov/tata/hts/bychapter/index.htm. b C.V. refers to customs value of general imports. iv
What is the aggregate transaction value of U.S. imports As requested by Congress, the Commission estimated that $1.411 trillion of U.S. imports used the transaction value method—one of several methods of valuing imports—from September 1, 2008, to August 31, 2009. U.S. Customs and Border Protection estimated that this method is used to value approximately 86.4 percent of total U.S. imports. The transaction value method is based on the price actually paid or payable by a buyer for a good, plus adjustments for certain fees such as commissions, packing, royalties, and licensing fees. First Sale use is only allowed when the transaction value method is the method of customs valuation appropriate to an importation. v
Page 1 and 2: United States International Trade C
Page 3 and 4: U.S. International Trade Commission
Page 5: PREFACE This report responds to the
Page 11: ABBREVIATIONS AND ACRONYMS 2008 Act
Page 15 and 16: CHAPTER 1 Introduction Every year,
Page 17 and 18: 2008-August 2009). 8 Section 15422(
Page 19 and 20: imports designating First Sale use
Page 21 and 22: CHAPTER 2 Analysis of First Sale an
Page 23 and 24: 2009, and then remained relatively
Page 25 and 26: FIGURE 2.1 The number of importers
Page 27 and 28: Value of Imports That Used the Firs
Page 29 and 30: Tariffs are only one of several pot
Page 31: The use of the First Sale rule for
Page 34 and 35: U.S. International Trade Commission
Page 37 and 38: A-3
Page 39 and 40: A-5
Page 41 and 42: A-7
Page 43: APPENDIX B FEDERAL REGISTER NOTICES
Page 46 and 47: 120 Federal Register / Vol. 74, No.
Page 49: APPENDIX C SUMMARY OF POSITIONS OF
Page 52 and 53: Law Offices of Stewart and Stewart
Page 55: APPENDIX D ADDITIONAL TABLES
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Table D.2 provides data on First Sa
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TABLE D.2 First Sale data by source
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TABLE D.3 Detailed import data for
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"First Sale Rule" for Customs Valuation of US Imports - USITC

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