The first sale doctrine is an important principle in U.S. customs law that allows importers to use the price of the first sale in a series of transactions as the basis for calculating customs duties. This doctrine can be...more
1/10/2025
/ Arms Length Transactions ,
Compliance ,
Customs and Border Protection ,
Documentation ,
First Sale Doctrine ,
Imports ,
International Trade ,
Recordkeeping Requirements ,
Risk Management ,
Supply Chain ,
Tariffs ,
Tax Planning ,
Trade Policy ,
Trade Relations ,
U.S. Commerce Department ,
U.S. Customs
China became a member of the World Trade Organization (WTO) on December 11, 2001. In accordance with Section 421 of the U.S.-China Relations Act of 2000, The Office of the United States Trade Representative (USTR) is required...more