raw value
Defined in 1 place of the United States Code.
The term “raw value” means a standard unit of sugar testing ninety-six sugar degrees by the polariscope. All taxes shall be imposed and all quotas shall be established in terms of “raw value” and for purposes of quota and tax measurements all sugar shall be translated into terms of “raw value” according to regulations to be issued by the Secretary, except that in the case of direct-consumption sugar produced in continental United States from sugar beets the raw value of such sugar shall be one and seven one-hundredths times the weight thereof.
Source
- 1995–present7 U.S.C. § 609Agriculture · Processing tax; methods of computation; rate; what constitutes processing; publicity as to tax to avoid profiteering · as used in this chapter