If an importer provides tools,dies,or molds to a foreign supplier free of charge to be used in the manufacturer of the imported items,the value of these assists will not be included in transaction value.

Question

Quizplus · Accepted Answer

The value of tools, dies, or molds (referred to as "assists") provided free of charge or at a reduced cost by the buyer to the foreign supplier for use in the production of the imported goods must be added to the transaction value of the imported goods according to customs valuation principles under the Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade (GATT) 1994.

If an Importer Provides Tools,dies,or Molds to a Foreign Supplier