{"@context":"https://schema.org","@type":"DefinedTerm","name":"First Sale Rule","description":"As of July 2026. The First Sale Rule lets U.S. importers base the customs value not on the last sale (middleman → U.S. buyer) but on an earlier, bona fide sale higher up the supply chain (e.g. manufacturer → middleman). Because prices typically accrue margins on the way to export, the lower first-sale price reduces the declared customs value and thus the duty owed — a key mitigation tool given high U.S. ad valorem tariffs. It is especially relevant for the still-active Section 232 tariffs (steel","inDefinedTermSet":{"@type":"DefinedTermSet","name":"Frachtportal Logistics Glossary","url":"https://www.freight-academy.com/en/glossary"},"url":"https://www.freight-academy.com/en/glossary/first-sale-rule","inLanguage":"en","dateModified":"2026-07-01T02:13:18.039706","citation":"U.S. CAFC, Nissho Iwai American Corp. v. United States (1992); 19 U.S.C. § 1401a, 19 CFR § 152.103; U.S. CBP, First Sale Declaration (cbp.gov); Last Sale Valuation Act (S., Cassidy/Whitehouse, eingebracht 11.02.2026); KPMG/Akin Gump Trade Alerts (2026). Stand: Juni 2026.","markdownMirror":"https://www.freight-academy.com/api/md/glossary/en/first-sale-rule","provider":{"@type":"Organization","name":"Frachtportal","url":"https://www.freight-academy.com"},"quickSummary":"First Sale Rule · As of July 2026. · Quelle: U.S. CAFC, Nissho Iwai American Corp. v. United States (1992); 19 U.S.C. § 1401a, 19 CFR § 152.103; U.S. CBP, First Sale Declaration (cbp.gov); Last Sale Valuation Act (S., Cassidy/Whitehouse, eingebracht 11.02.2026); KPMG/Akin Gump Trade Alerts (2026). Stand: Juni 2026."}