69 You have a shipment of canoes to enter, from the White Water Co., of Edmonton, Alberta, Canada. This particular sale has been made to White Water’s retail outlet in Buffalo, New York, The Outback, a related party. The canoes are invoiced at U.S. $500/each. A 5% variation in price is considered a “close approximation” in this industry. The only information available to consider for this related party sale is a test value from an unrelated seller of similar merchandise, to another unrelated U.S. importer for U.S. $450. That sale occurred at approximately the same time as the one before you. There were no adjustments necessary with respect to the commercial levels and the quantity of the merchandise being appraised, and the basis of appraisement for the similar sale was transaction value, at the $450 price. Based on this information, the correct value and basis of appraisement is:
A. U.S. $450, Transaction Value of the instant shipment.
B. U.S. $500, Transaction Value.
C. U.S. $525, Value if other values cannot be determined.
D. U.S. $450, Transaction Value of Identical or Similar merchandise.
E. U.S. $475, Computed Value.
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The Answer is: D
Citation: 19 CFR 152.103(j)(2)(i)
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