Glossary

First Sale Valuation

Tags: Glossary

First sale valuation is a method of importing products to

Flexport

What is first sale valuation?

First sale is a valuation method to get the lowest possible entered value cost on an imported product, lowering import value and mitigating the financial impact of the tariffs. If you are importing a product and the person you are buying it from is sourcing the product from a manufacturer, then you may try to declare the cost that the middleman is paying to the manufacturer as the actual value cost to Customs. This is a difficult process to prove, however, assuming that your vendor is even willing to share this information.

Learn More

Related Help Articles

How Do I Estimate Customs Duties?

How Do I Know the HTS Code of My Product?

Resources

Tariff Insider

Share the Article

More From Flexport

arrowImage

Ready to Get Started?

Sign up for a Flexport account or ask to see our platform in action.

Sign Up for Freight Market Updates

Get weekly insights into all things freight, delivered right to your inbox.

I agree to the storing and processing of my personal data by Flexport as described in the Terms of Service and Privacy Policy.