19 U.S.C. § 1487 — Value in entry; amendment
submitted 96 years ago by ch. 497 to r/title-19-CUSTOMS-DUTIES · 59 words · no verdicts yet
The importer of record or agent may adjust the invoice cost or value at entry, under Treasury rules, to reach the merchandise’s value.
Under Treasury regulations, the importer of record or agent may, when making entry, add to or subtract from the invoice cost or value whatever amount the importer or agent believes will raise or lower it to the value of the merchandise.
The importer of record or his agent may, under such regulations as the Secretary of the Treasury may prescribe, at the time entry is made, make in the entry such additions to or deductions from the cost or value given in the invoice as, in his opinion, may raise or lower the same to the value of such merchandise.
Source credit: (June 17, 1930, ch. 497, title IV, § 487, 46 Stat. 725; Aug. 8, 1953, ch. 397, § 18(a), 67 Stat. 517; Pub. L. 97–446, title II, § 201(e), Jan. 12, 1983, 96 Stat. 2350.)
- 1930Enacted · Act of June 17, 1930, ch. 497 · 46 Stat. 725
- 1953Amended · Act of Aug. 8, 1953, ch. 397 · 67 Stat. 517
- 1983Amended · Pub. L. 97-446 · 96 Stat. 2350
A history note hasn’t been published yet. The record shows enactment by ch. 497 on 1930-06-17.
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