A short introduction to first-sale valuation discussions and the import documents to review with a qualified customs adviser.
The First Sale rule can be relevant to customs valuation in some import transactions. Whether it applies depends on the facts, transaction structure and destination-country rules.
Importers should retain clear contracts, invoices, payment evidence and transaction records, and seek advice from a qualified customs or trade professional before relying on a valuation approach.
This article is general information only, not legal, tax or customs advice. Confirm current requirements with the relevant authorities and your adviser.