FAQs

What value should be reported for perishable items that have been imported into the U.S. which are defective and need to be returned overseas?

For products that are being returned that have a market value, report the market value.  If the product has no market value due to poor quality (i.e. spoiled fruits); then report the original selling (purchasing) price of the product.  This is because the product cleared customs at a certain value and in order to maintain a balance of trade we must report the import value.

REG FAQ #0048