Basis of Dutiable Value Shift to Transaction Value

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Republic Act No. 8181: Basis of Dutiable Value Shift to Transaction Value

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Title Source: Supreme Court: Basis of Dutiable Value Shift to Transaction Value

Law: Republic Act No. 8181

Decision Date: Mar 28, 1996

Republic Act No. 8181 amends the Tariff and Customs Code to establish transaction value as the basis for determining the dutiable value of imported goods, replacing the previous home consumption value, and outlines procedures for customs valuation and importer rights.

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