price actually paid or payable
Defined in 1 place of the United States Code.
The term “price actually paid or payable” means the total payment (whether direct or indirect, and exclusive of any costs, charges, or expenses incurred for transportation, insurance, and related services incident to the international shipment of the merchandise from the country of exportation to the place of importation in the United States) made, or to be made, for imported merchandise by the buyer to, or for the benefit of, the seller.
Source
- 1994–present19 U.S.C. § 1401ACustoms Duties · Value · in this section