True Value
Dictionary of Terms and Phrases Used in American or English Jurisprudence · Benjamin Vaughan Abbott · 1879
Dictionary of Terms and Phrases Used in American or English Jurisprudence
The words true value, in section 11 of the supplementary, act of congress of, April 2Q, 1818, — authorizing the collector to direct an appraisement when there is ground to suspect, that goods have been; invoiced below their true value at the place from which they were imported, — mean the actual cost of the goods to the importer at the place from which they were imported, and not the current market value of such goods at that, place.
United States v. Tappan, 11 Wheat. 419. Compare Tappan v. United States, 2 Mas. 393.