Article on First Sale

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This articles discusses a method, known as "first sale," by which importers may legitimately lower their customs duties when they purchase from middlemen (sellers who are not the manufacturers). For example, assume a factory sells for $1 to a middleman who onsells to the importer for $1.25. Under first sale, the importer can pay duty on the $1 rather than the $1.25. Depending on the duty rate of the product and the volume of transactions, first sale can result in significant duty savings.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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