Importers achieve cost savings through the First Sale rule shows no signs of the set of tariffs

Middlegate expanding to a new location in Zeebrugge

For importers, the First Sale Rule is one valuation strategy that can be used to lower the declared value of goods, and thus minimize the compounded impact of increased tariffs. The First Sale Rule allows importers to use the price paid in the first, or earlier sale, as the basis for customs duty to be paid. Many importers purchase at the second sale, from a middleman vendor who serves as the go-between from the manufacturer to the importer.

This second sale is a marked up price. Paying duties on a lesser, first sale price, presents a tremendous savings opportunity, especially for the textiles and footwear industry, where apparel and sneakers are subject to higher duty rates.

This savings is also monumental for manufacturing, electrical equipment, machinery, and food and agriculture producers as well. The bottom line, if you are purchasing from a trading company or sourcing agent, there may likely be an opportunity to take advantage of First Sale.

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6 Comments

  1. Richard Muldoone
    20 January 2022 - 13:24

    The example about the mattress sizing page you mentioned in the last WBF can be a perfect example of new keywords and content, and broadening the funnel as well. I can only imagine the sale numbers if that was the site of a mattress selling company.

    • Mike Dooley
      20 January 2022 - 13:25

      Sizing page you mentioned in the last WBF can be a perfect example of new keywords and content, and broadening the funnel as well. I can only imagine the sale numbers if that was the site of a mattress selling company.

  2. Richard Muldoone
    20 January 2022 - 13:24

    The example about the mattress sizing page you mentioned in the last WBF can be a perfect example of new keywords and content, and broadening the funnel as well. I can only imagine the sale numbers if that was the site of a mattress selling company.

    • Mike Dooley
      20 January 2022 - 13:25

      Sizing page you mentioned in the last WBF can be a perfect example of new keywords and content, and broadening the funnel as well. I can only imagine the sale numbers if that was the site of a mattress selling company.

  3. Chris Wensel
    20 January 2022 - 13:24

    The example about the mattress sizing page you mentioned in the last WBF can be a perfect example of new keywords and content, and broadening the funnel as well. I can only imagine the sale numbers if that was the site of a mattress selling company.

  4. Chris Wensel
    20 January 2022 - 13:24

    The example about the mattress sizing page you mentioned in the last WBF can be a perfect example of new keywords and content, and broadening the funnel as well. I can only imagine the sale numbers if that was the site of a mattress selling company.

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