Investigation Initiated Into Use of First Sale Rule for Customs Valuation of US Imports
6 January 2009
Mayer Brown Legal Update
6 January 2009 - The US International Trade Commission (ITC) has requested written comments from interested parties as part of a Congressionally mandated review regarding use of the "first sale rule" for valuing US imports upon entry into the United States. While no public hearings will be held, the received statements may be used as part of a report that the ITC will prepare on the issue, as required by the Food, Conservation, and Energy Act of 2008 (the "Farm Bill").