Reference no: EM133535594

Question

You have for valuation a shipment of steel beams produced and sold by manufacturer M in country X and imported by company I in country Y. The importer is a wholly owned subsidiary of the manufacturer. The steel is invoiced at USD300.00 per tonne. Because of the relationship, no profit is realised on the sale of the steel. You have evidence of four recent shipments of identical steel beams manufactured in country X and sold to non-related buyers in country Y at USD320.00, USD318.00, USD325.00 and USD319.00 per tonne. All of these prices represent valid transactions under Article 1. You also have a record of another shipment of steel exported from country X which is identical in all respects to the shipment being valued except that it was produced in country Z. It was valued at USD310.00 per tonne on the basis of transaction value. In addition to the above, you have a record of a shipment of similar goods imported through another port in your country from country X. That product, however, was also a sale between related parties and the customs value was USD305.00 on the basis of Article 6 (computed value method). What is the customs value?