Sec. 5. Valuation of merchandise imported from the People's Republic of China
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Subpart A of part I of title IV of the Tariff Act of 1930 ( 19 U.S.C. 1401 et seq. ) is amended by adding at the end the following: Notwithstanding any other provision of law, merchandise imported from the People's Republic of China shall be appraised on the basis of the United States value of the merchandise. An importer of merchandise described in subsection
(a)shall submit to U.S. Customs and Border Protection, upon entry of the merchandise, a statement of the United States value of the merchandise. U.S. Customs and Border Protection shall— verify the information with respect to the United States value of merchandise submitted by an importer under paragraph (1); and submit to the United States International Trade Commission— a determination of whether or not the value submitted by the importer is accurate; and if that value is not accurate, a revised value for the merchandise. In this section, the term United States value , with respect to imported merchandise, means the price at which the imported merchandise or similar imported merchandise is freely offered for sale, packed ready for delivery, in the principal market of the United States to all purchasers, at the time of importation of the imported merchandise. .
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Sec. 5
Valuation of merchandise imported from the People's Republic of China
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