When the Invoice's Value Is Much Below What Customs Has

question 9

Short Answer

When the invoice's value is much below what Customs has historically accepted and when a much higher valuation is reached with one of the alternative valuation methods,Customs can determine that the exporter is ____________________ the goods in the importing country.

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Definitions:

World Supply

The total amount of a particular good or service that is available to consumers globally.

World Price

The global market price of a commodity, determined by supply and demand factors across all participating countries.

Market Equilibrium

A situation in economics where the quantity of goods supplied is equal to the quantity of goods demanded at a specific price.

Trade Restrictions

measures taken by governments to control or limit the trade of goods and services across their borders, such as tariffs and quotas.