US Customs definitely revoke the proposal of amendment of the "first sale rule"

In the Federal Register of this morning, the notice of the definitive withdrawal of the "first sale rule" amendment proposal of 24 January 2008 has been published (see our article). It is undoubtely a confirmation of the fact that this mechanism is useful to US economic operators, as it allows them to obtain substantial duty savings on their imports.

We hope that a similar decision will be adopted also within the European Union, in order to avoid to the EU operators to be be cut out at all from benefits that can be obtained through this particular methodology of determination of the customs value.