2017 April No.79 – Value


79. Which statement is FALSE?

A. Fair market value is the price actually paid or payable for all imported merchandise.

B. If the production of an engineering or development 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.

C. Imported merchandise may be appraised on the basis of arbitrary or fictitious values.

D. Materials, components, parts, and similar items incorporated in the imported merchandise, would be considered an assist.

E.“Related persons” are members of the same family, including brothers and sisters (whether by whole or half-blood), spouse, ancestors, and lineal descendants.

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The Answer is: C

Citation: 19 CFR 152.108(g)

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