| Title: | FIRST SALE DECLARTION SYSTME REQUIREMENTS |
|---|---|
| Date: | 2008-08-20 |
| To: | abi |
| Links: | previous, next |
SECTION 15422 OF THE 2008 FARM BILL REQUIRES THE TRADE TO DECLARE TO CBP AT THE TIME OF FILING A CONSMUPTION ENTRY WHEN THE TRANSACTION VALUE OF THE IMPORTED MERCHANDISE IS DETERMINED ON THE BASIS OF THE FIRST OR EARLIER SALE OF GOODS.
SECTION 15422 OF THE 2008 FARM BILL DESCRIBES THE REQUIREMENTS RELATING TO THE DETERMINATION OF TRANSACTION VALUE OF THE IMPORTERD MERCHANDISE. THE FIRST SALE DECLARATION REQUIREMENT REQUIRES THAT AN IMPORTER OF MERCHANDISE MUST ENTER AN 'F' WHEN THE DELCARED TRANSACTION VALUE OF THE IMPORTED MERCHANDISE IS DETERMINED ON THE BASIS OF THE PRICE PAID BY THE BUYER IN A SALE OCCURRING EARLIER THAN THE LAST SALE PRIOR TO THE INTRODUCTION OF THE MERCHANDISE INTO THE UNITED STATES.
IN ORDER TO IMPLEMENT THE ABOVE PROVISIONS (FIRST SALE INDICATION) THE TRADE WILL BE REQUIRED TO SUBMIT A FIRST SALE INDICATION AT THE LINE LEVEL FOR CONSUMPTION SUMMARIES.
THE ENTRY SUMMARY (EI) RECORD IDENTIFIER 52 RECORD WILL BE MODIFIED TO ACCEPT THE FIRST SALE INDICATION IN THE NEW MISCELLANEOUS INDICATOR FIELD IN POSITION 64 OF THE ENTRY SUMMARY RECORD 52 RECORD:
RECORD IDENTIFIER 52 (INPUT)
DATA ELEMENT L/C POSITION STATUS
MISCELLANEOUS INDICATOR 1AN 64 C
THE FOLLOWING PROCEDURE SHOULD BE FOLLOWED TO DECLARE IF THE FIRST SALE APPLIES OR DOES NOT APPLY TO THE SUMMARY LINE.
THE LETTER 'F' WILL BE ENTERED IN THE MISCELLANEOUS INDICATOR FIELD (POSITION 64) IF THE MERCHANDISE VALUE IS DETERMINED TO BE A FIRST SALE TRANSACTION.
THE MISCELLANEOUS INDICATOR FIELD WILL BE LEFT BLANK IF THE MERCHANDISE VALUE IS DETERMINED NOT TO BE A FIRST SALE TRANSACTION.
ALL CONSUMPTION ENTRY TYPES ARE SUBJECT TO THE FIRST SALE DECLARATION. (ENTRY TYPES: '01', '02', '03', '06', '07', '11', '12', '31', '32', '34', 38')
THE FIRST SALE INDICATION SHOULD BE PRINTED NEXT TO THE DECLARED VALUE ON THE CBP FORM 7501.
THE ABOVE SYSTEM CHANGES HAVE BEEN MADE IN ABI TO ACCEPT THE NEW FIRST SALE INDICATION.
ALL POLICY AND PROCEDURE QUESTIONS ASSOCIATED WITH THE FIRST SALE ISSUE SHOULD BE DIRECTED TO THE OFFICE OF TRADE ATTENTION MARLA BIANCETTA AT 202-863-6539.
SYSTEM RELATED QUESTIONS MAY BE DIRECTED TO YOUR LOCAL CLIENT REPRESENTATIVE OR TO ACS, ATTENTION TONY CASUCCI AT 703-650-3053.
CSMS #09-000296