Tag: Legislation

  • The Last Sale Valuation Act: Eliminating First Sale Doctrine and Restructuring Duty Assessment

    The Last Sale Valuation Act: Eliminating First Sale Doctrine and Restructuring Duty Assessment

    The First Sale Doctrine Under Legislative Siege Senators Cassidy and Whitehouse have introduced the Last Sale Valuation Act, legislation that would fundamentally restructure how U.S. Customs calculates duties on imported goods. The act would eliminate the First Sale Doctrine, which allows companies to calculate duties based on the price at which a foreign manufacturer sells…