Testimony Taken by the Subcommittee on the Tariff of the Senate Committee on Finance in Connection with the Bill H.R. 9051, to Reduce Taxation and Simplify the Laws in Relation to the Collection of the Revenue Volume 4

Testimony Taken by the Subcommittee on the Tariff of the Senate Committee on Finance in Connection with the Bill H.R. 9051, to Reduce Taxation and Simplify the Laws in Relation to the Collection of the Revenue Volume 4

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1888 edition. Excerpt: ... their power, to ascertain, estimate, and appraise (any invoice or affidavit thereto or statement of cost, or of cost of production to the contrary notwithstanding) the actual market value, and wholesale price of the merchandise, at the time of exportation to the United States, in the principal markets of the country whence the same has been imported, and the number of yards, parcels, or quantities, and actual market value or wholesale price of every of them, as the case may require. Sec. 23. That when the actual market value, as herein defined, of any article of imported merchandise wholly or partially manufactured aud subject to ad valorem duty, or to duty based in whole or in part on value, can not be ascertained to the satisfaction of the appraising officer, and to assist iu the ascertainment of such value, the appraiser or appraisers shall use all available means to ascertain the cost of production of such merchandise at the time of exportation to the United States, aud at the place of manufacture; such cost of production to include cost of materials and of fabrication, all general expenses covering each and every outlay of whatsoever nature incident to such produotion, together with the expense of preparing and putting: up such merchandise ready for shipment, and a profit of not less than five per centum upon the total cost as thus ascertained; and in no such case shall the said actual market value of such merchandise be appraised upon original appraisal or re-appraisement at less than the total cost of production as thus ascertained. Sec. 24. That there shall be appointed by the President, by and with the advice and consent of the Senate, nine general appraisers of merchandise, each of whom shall receive a salary of five thousand dollars a...show more

Product details

  • Paperback | 482 pages
  • 189 x 246 x 25mm | 853g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236661869
  • 9781236661869