Customs Valuation
Customs Valuation : This is one of three methods of import valuation. The Customs value represents the value of imports as appraised by the U.S. Customs Service and is primarily used for the collection of import duties. Methodologically, Customs and FAS data are similar since both represent a value in the foreign country and exclude all charges incurred in bringing the merchandise to the United States. Customs valuation replaced FAS valuation beginning with the compilation of the January 1982 data
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