First Sale Declaration
GRACE PERIOD FOR THE IMPLEMENTATION OF THE FIRST SALE DECLARATION
August 20, 2008
The purpose of this memorandum is to inform Customs and Border Protection (CBP) Field Offices, the importing public, and all other interested parties of a grace period that is being granted to importers with regard to the implementation of the First Sale Declaration Requirement established under section 15422(a) in the Food, Conservation and Energy Act of 2008, commonly referred to as the Farm Bill.
The First Sale Declaration Requirement refers to the requirement for importers to provide a declaration to CBP at the time of entry for all goods entered for consumption or withdrawn from warehouse whether the value was determined on the basis of price paid by the buyer in the first or earlier sale occurring prior to introduction of the merchandise into the United States.
