Domestic Port Value
From Open Risk Manual
Definition
Domestic Port Value. The Customs value of imports as appraised by U.S. Customs and Border Protection when entering the United States. It is the price actually paid or payable for merchandise when it is sold for exportation to the United States (that is, the foreign port value) plus insurance costs, freight costs of transporting the commodity to the United States, and any applicable duties.
The domestic port value is roughly equivalent to the Basic Value that is used to value domestic production.[1]
References
- ↑ Concepts and Methods of the US Input-Output Accounts. K.J.Horowitz, M.A.Planting, 2009
