October 2024 — Question 76
When determining the valuation of merchandise, which of the following best describes “similar merchandise”?
- AMerchandise that incorporates or reflects any engineering, development, artwork, design work, or plan or sketch supplied at reduced cost by the buyer of the merchandise being appraised.
- BMerchandise produced by the same industry or industry sector as the merchandise being appraised.
- CMerchandise produced in the same country and by the same person as the merchandise being appraised.✓ CBP's answer
- DMerchandise identical in all respects to the merchandise being appraised.
CBP's cited authority
§ 19 CFR 152.102(i)§ 19 CFR 152.102(h)§ 19 CFR 152.102(d)
Answer and citations as published in CBP's official answer key for the October 2024 examination.
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