similar merchandise

(U.S. Customs) For purposes of establishing the customs value of imported merchandise, similar merchandise is merchandise that is:
1) Produced in the same country and by the same person as the merchandise being appraised,
2) Like merchandise being appraised in characteristics and component materials,
3) Commercially interchangeable with the merchandise being appraised.
If merchandise meeting all these criteria cannot be found, then similar merchandise is merchandise having the same country of production, like characteristics and component materials, and commercially interchangeability, but produced by a different person.
In determining whether goods are similar, some of the factors to be considered are the quality of the goods, their reputation, and existence of a trademark.
Exclusion: Similar merchandise does not include merchandise that incorporates or reflects engineering, development, artwork, design work, and plans and sketches provided free or at reduced cost by the buyer and undertaken in the United States.
See valuation; transaction value; computed value; identical merchandise.

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