Transaction value

Worked example

A buyer pays a CIF price that includes separately identified international freight and insurance. The buyer also pays the items below, none of which is in the price. What is the transaction value?

CIF price paid

$173,077.72

International freight (in price)

$4,218.37

Insurance (in price)

$1,615.20

Packing costs paid by the buyer

$1,570.95

Selling commission paid by the buyer to the seller's agent

$2,708.24

Assist (apportioned to this shipment)

$2,733.33

1. Start with the price actually paid, less international freight and insurance (19 CFR 152.102(f)): $173,077.72 - $4,218.37 - $1,615.20 = $167,244.15.
2. Add packing, the selling commission and the assist (19 CFR 152.103(b)(1)(i)-(iii)): + $1,570.95 + $2,708.24 + $2,733.33.
3. Transaction value = $174,256.67.

Answer: $174,256.67

Where it comes from: 19 CFR 152.103(b)(1), 19 CFR 152.102(f)

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