A federal agency has delayed until at least 2011 a proposed rule that was widely opposed by the international trade bar and business community and had threatened to undo a 20-year-old, court-approved method of valuing goods imported into this country.
U.S. Customs and Border Protection (CBP), an agency within the Department of Homeland Security, had issued a proposed regulation that would have eliminated the so-called first sale rule. The rule applies when there are multiple parties and multiple sales before goods come into this country.
