Imágenes de páginas
PDF
EPUB

10%

UNITED STATES TARIFF COMMISSION

DOMESTIC VALUE-
CONVERSION OF RATES

REPORT TO THE CONGRESS

ON

THE INVESTIGATION IN

COMPLIANCE WITH SECTION 340 OF THE

TARIFF ACT OF 1930

REPORT No. 45

Second Series

UNITED STATES

GOVERNMENT PRINTING OFFICE

WASHINGTON : 1932

FOR SALE BY THE SUPERINTENDENT OF DOCUMENTS, WASHINGTON, D. C.

[ocr errors][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small]
[merged small][ocr errors][merged small][merged small][merged small]
[ocr errors]
[ocr errors]
[ocr errors]

LP

iiiii

iiiiii

(III)

SPECIAL PROVISIONS OF THE TARIFF ACT OF 1930 CALLING

FOR INVESTIGATION BY THE TARIFF COMMISSION

SEC. 340. DOMESTIC VALUE-CONVERSION OF RATES

(a) Conversion of Rates by Commission.--The commission shall ascertain, with respect to each of the ad valorem rates of duty, and each of the rates of duty regulated by the value of the article, specified in this Act, an ad valorem rate (or a rate regulated by the value of the article, as the case may be) which if applied upon the basis of domestic value would have resulted as nearly as possible in the imposition, during the period from July 1, 1927, to June 30, 1929, both dates inclusive, of amounts of duty neither greater nor less than would have been collectible at the rate specified in this Act applied upon the basis of value defined in section 402 of the Tariff Act of 1922.

(b) Report to Congress by Commission. The commission shall, as soon as practicable, but in no event later than July 1, 1932, submit a report to the Congress setting forth the classes of articles with respect to which the conversion of rates has been made, together with the converted rates applicable thereto.

(c) Data to be Furnished by Secretary of Treasury and Secretary of Commerce.—To assist the commission in carrying out the provisions of this section, the Secretary of the Treasury and the Secretary of Commerce are authorized and directed to furnish to the commission, upon request, any data or information in the possession or control of their respective departments relating to the importation, entry, appraisement, and classification of merchandise and the collection of duties thereon. (d) Definitions.-When used in this section

(1) The term “domestic value," applied with respect to imported merchandise, means

(A) the price at which such or similar imported merchandise is freely offered for sale, at the time of exportation of the imported merchandise, packed ready for delivery, in the principal market of the United States to all purchasers, in the usual wholesale quantities and in the ordinary course of trade, or

(B) if such or similar imported merchandise is not so offered for sale in the United States, then an estimated value, based on the price at which merchandise, whether imported or domestic, comparable in construction or use with the imported merchandise, is so offered for sale, with such adjustments as may be necessary owing to differences in size, material,

construction, texture, and other differences. (2) The term “rate of duty regulated by the value of the article" means a rate of duty regulated in any manner by the value of the article, and includes the value classification by which such rate is regulated.

1

« AnteriorContinuar »