Happyfaces, Inc., a U.S. importer, is purchasing puzzles from its Swedish parent company. It has been determined that the relationship has influenced the price. It has also been determined that Section 402(f) is the appropriate means of appraisement. Which ONE of the following is an acceptable basis for appraisement for the puzzles?
A) The price of the related party sale, plus an additional 10% to cover overhead not included in the related party sale
B) The price of identical puzzles sold to unrelated purchasers in Sweden
C) The price of identical puzzles sold within the last 90 days to a French company
D) The appraised value of a shipment of puzzles imported 6 months ago from Finland
E) The appraised value of almost identical puzzles manufactured by another New York affiliate and sold at a July puzzle convention
[bg_collapse view=”button-green” color=”#4a4949″ icon=”arrow” expand_text=”Show Answer and Citation” collapse_text=”Hide Answer and Citation” ]
The Answer is: D
Citation: 19 CFR 152.107
[/bg_collapse]