1. CHAPTER XIV TRANSACTION VALUE
Transaction Value of Imported Merchandise
Transaction Value of Identical Merchandise
Transaction Value of Similar Merchandise
Deductive Value
Computed Value

2. Transaction Value of Imported Merchandise
The price actually paid or payable for the merchandise for exportation to the United States,
plus amounts for the following items if not included in the price
The packing costs incurred by the buyer.
Any selling commission incurred by the buyer
The value of any assist
Any royalty or license fee that the buyer is required to pay as a condition of the sale.
) Proceeds of any subsequent resale accruing to the seller

3. Transaction Value of Imported Merchandise
Assists
Items that the buyer provides free of charge or at a reduced cost for use in the production or sale of the goods for export to the United States
Materials, components, parts
Tools, dies, molds
Merchandise consumed in producing imported goods
Engineering, development, artwork, design work, and plans and sketches that are undertaken outside the United States
Not an assist, if performed in the U.S. by importer’s employee or agent

4. Transaction Value of Imported Merchandise
Exclusion
The freight, insurance and other expenses from the country of exportation to the place of importation in the U.S.
The costs for technical assistance after importation
Transportation cost after importation
Import duties and other Federal taxes

5. Transaction Value of Imported Merchandise
Limitations: The transaction value cannot be used as the appraised value
Restrictions on the disposition of the merchandise
Condition for which a value cannot be determined
Proceeds of any subsequent resale accruing to the seller, for which an appropriate adjustment to transaction value cannot be made
Related-party transactions where the transaction value is not acceptable.

6. Transaction Value of Imported Merchandise
For related-party transactions to be acceptable
Transaction value of identical merchandise or of similar merchandise sold to unrelated buyers in the U.S.
Deductive value or Computed value for identical or similar merchandise.
Value determined by the Advance Pricing Agreement(APA) with the Internal Revenue Service (IRS)

7. Alternative Valuations
If transaction value cannot be used, the secondary bases are used in order of precedence:
Transaction Value of Identical Merchandise
Transaction Value of Similar Merchandise
Deductive Value
Computed Value .

8. Transaction Value of Identical Merchandise
Identical in all respects to the merchandise being appraised
Produced in the same country as the merchandise being appraised
Produced by the same person as the merchandise being appraised
All three criteria or the first two criteria

9. Transaction Value of Similar Merchandise
Produced in the same country and by the same person
Like merchandise being appraised in characteristics and component materials
Commercially interchangeable with the merchandise being appraised
All three criteria or all other criteria but produced by the different person

10. Deductive Value
The resale price in the United States after importation of the merchandise, with deductions for certain items
Items to be deducted from the unit resale price
Commission or profit and general expenses
Transportation and insurance cost from the port of exportation to the place of resale.
Custom duties and federal taxes
Value of further processing
If an assist is involved, Deductive value cannot be used. Use the Computed Value instead.

11. Computed Value The sum of various costs up to exportation
Materials, fabrication, and other processing
Profit and general expenses of the producer
Any assist, if not included in items 1) and 2)
Packing costs
Importer can designate either Deductive Value or Computed Value.