Senators Bill Cassidy (R-LA) and Sheldon Whitehouse (D-RI) introduced the “Last Sale Valuation Act” to eliminate the legal duty minimization principle under the customs valuation statute called the ...

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.

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 ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. In the dynamic and often unpredictable world of ...