Importer Gets First Sale Valuation for Mixed Oxide Products at CIT
CBP will liquidate importer Neo Chemicals & Oxides' mixed oxide products using a "first sale" transaction valuation method, the government and importer said in a stipulated judgment. Submitting the stipulation to the Court of International Trade on Jan. 6, the…
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parties said the company's entries "will be appraised under the transaction value method based on the prices the middleman paid to the manufacturer." Neo brought the suit in 2021 seeking first sale valuation of its goods classifiable under Harmonized Tariff Schedule headings 3815 and 2846 (see 2108190065) (Neo Chemicals & Oxides v. United States, CIT # 21-00453).