A decades-old piece of legislation is helping many businesses mitigate the worst effects of the tariffs, CNBC reports. Part of U.S. customs law since 1988, the "first sale rule" allows importers to ...

Third-party infringers are finding new ways to sell unauthorized products and profit from doing so. As one example, the third-party seller buys products in bulk from the product owner, receiving a ...

Businesses are finding a workaround to minimize the most significant hit from U.S. tariffs. The "first sale rule" is a concept in U.S. customs law that allows importers to use the lowest cost of a ...

In 1992 the Court of Appeals for the Federal Circuit in Nissho Iwai American Corp. v. United States established the First Sale Rule by stating that “sale for export” in the valuation statute need not ...

The first sale rule is a significant provision in U.S. customs law, offering importers a strategic advantage when calculating duties on imported goods. This legal concept allows businesses to base ...

Newly introduced bipartisan legislation aims to address the widespread use of a 37-year-old customs provision currently being leveraged by importers looking for relief from the weight of President ...

As apparel and textile companies seek ways to mitigate trade uncertainty, the practice of first sale is gaining renewed attention as an option. First sale enables importers to reduce the dutiable ...

First sale import pricing can be a huge win for apparel importers, vendors and factories alike. With the right kind of planning and teamwork, using the first sale rule benefits every tier of a ...

Businesses are finding a workaround to minimize the most significant hit from tariffs, using a decades-old piece of legislation known as the "first sale rule." Within U.S. customs law, the first sale ...