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March 9, 2021

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CIT Issues Decision on First Sale Valuation for Non-Market Economies

March 9, 2021 Trade Translation
CIT Issues Decision on First Sale Valuation for Non-Market Economies

The Court of International Trade (CIT) has issued a decision that the ability to use first sale valuation may not be applicable to transactions involving non-market economies, including China. First Sale for Export is a duty reduction program created to reduce the dutiable value of eligible products imported into the U.S. The Ruling In a…

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