“Related persons” means: (1) Members of the same family, including brothers and sisters (whether by whole or half blood), spouse, ancestors, and lineal descendants. “Price actually paid or payable” means the total payment (whether direct or indirect, and exclusive of any charges, costs, or expenses incurred for transportation, insurance, and related services incident to the international shipment of the merchandise from the country of exportation to the place of importation in the United States) made, or to be made, for imported merchandise by the buyer to, or for the benefit of, the seller. “Packing costs” means the cost of all containers (exclusive of instruments of international traffic) and coverings of whatever nature and of packing, whether for labor or materials, used in placing merchandise in condition, packed ready for shipment to the United States.
#Generally accepted accounting principles definition free
“Identical merchandise” does not include merchandise that incorporates or reflects any engineering, development, artwork, design work, or plan or sketch supplied free or at reduced cost by the buyer of the merchandise for use in connection with the production or sale for export to the United States of the merchandise, and is not an assist because undertaken within the United States. If identical merchandise cannot be found (or for purposes of related buyer and seller transactions (see § 152.103 (j)(2)(i)(A)) regardless of whether identical merchandise can be found), merchandise identical in all respects to, and produced in the same country as, but not produced by the same person as, the merchandise being appraised, may be treated as “identical merchandise”. “Identical merchandise” means merchandise identical in all respects to, and produced in the same country and by the same person as, the merchandise being appraised. (3) Information submitted by an importer, buyer, or producer in regard to the appraisement of merchandise may not be rejected by Customs because of the accounting method by which that information was prepared, if the preparation was in accordance with generally accepted accounting principles. (2) The applicability of a particular set of generally accepted accounting principles will depend upon the basis on which the value of the imported merchandise is sought to be established, and the relevant country for the point in contention. (v) Which financial statements should be prepared. (iv) What information should be disclosed and how it should be disclosed and (iii) How the assets and liabilities and changes in them should be measured (ii) Which changes in assets and liabilities should be recorded (i) Which economic resources and obligations should be recorded as assets and liabilities
(1) “Generally accepted accounting principles” refers to any generally recognized consensus or substantial authoritative support regarding: (c) Generally accepted accounting principles. “Selling commission” means any commission paid to the seller's agent, who is related to or controlled by, or works for or on behalf of, the manufacturer or the seller. (iii) If the assist was purchased or leased by the buyer from an unrelated person, the value of the assist is the cost of the purchase or of the lease. (ii) If the production of an assist occurred in the United States and one or more foreign countries, the value of the assist is the value added outside the United States. (i) The value of an assist that is available in the public domain is the cost of obtaining copies of the assist. (3) The following apply in determining the value of assists described in paragraph (a)(1)(iv) of this section: (iii) Is incidental to other engineering, development, artwork, design work, or plans or sketches that are undertaken within the United States. (ii) Is performed by that individual while acting as an employee or agent of the buyer of the imported merchandise and (i) Is performed by an individual domiciled within the United States (2) No service or work to which paragraph (a)(1)(iv) of this section applies will be treated as an assist if the service or work: (iv) Engineering, development, artwork, design work, and plans and sketches that are undertaken elsewhere than in the United States and are necessary for the production of the imported merchandise. (iii) Merchandise consumed in the production of the imported merchandise. (ii) Tools, dies, molds, and similar items used in the production of the imported merchandise. (i) Materials, components, parts, and similar items incorporated in the imported merchandise. (1) “Assist” means any of the following if supplied directly or indirectly, and free of charge or at reduced cost, by the buyer of imported merchandise for use in connection with the production or the sale for export to the United States of the merchandise: As used in this subpart, the following terms will have the meanings indicated:
0 kommentar(er)
