[Code of Federal Regulations]

[Title 19, Volume 2]

[Revised as of April 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 19CFR148.24]



[Page 142]

 

                        TITLE 19--CUSTOMS DUTIES

 

   CHAPTER I--BUREAU OF CUSTOMS AND BORDER PROTECTION, DEPARTMENT OF 

        HOMELAND SECURITY; DEPARTMENT OF THE TREASURY (CONTINUED)

 

PART 148_PERSONAL DECLARATIONS AND EXEMPTIONS--Table of Contents

 

   Subpart C_Examination of Baggage and Collection of Duties and Taxes

 

Sec.  148.24  Determination of dutiable value.



    (a) Principles applied. In determining the dutiable value of 

articles examined under Sec.  148.23, the Customs inspector shall apply 

the principles of section 402, Tariff Act of 1930, as amended (19 U.S.C. 

1401a), and shall not regard the declared value or price as conclusive.

    (b) Adjustment of value declared. An adjustment shall be made by the 

Customs inspector whenever the purchase price or value declared differs 

from the fair retail value, whether by reason of depreciation due to 

wear or use, circumstances of purchase, or acquisition, or for any other 

reason. He shall give due consideration to the condition of the articles 

at the time of importation, but he shall not make any allowance for wear 

and use in excess of 25 per centum of the declared price or value of a 

worn or used article. A passenger who desires to claim a larger 

allowance may arrange for formal entry and appraisement of his goods.



[T.D. 73-27, 38 FR 2449, Jan. 26, 1973, as amended by T.D. 87-89, 52 FR 

24445, July 1, 1987]