customs value
Defined in 1 place of the United States Code.
The term “customs value” means the value taken into account for purposes of determining the amount of any customs duties or any other duties which may be imposed on the importation of any property.
Source
- 1994–present26 U.S.C. § 1059AInternal Revenue Code · Limitation on taxpayers basis or inventory cost in property imported from related persons · for purposes of this section