### Question
Can you define what transaction value means?


### Answer
**Transaction value** is defined as the following in *19 U.S.C. § 4531*:

> the price—


(A) actually paid or payable for a good or material with respect to a transaction of a producer

#### Citation:
  - *19 U.S.C. § 4531*
  - Heading: **CHAPTER 29-UNITED STATES&ndash;MEXICO&ndash;CANADA AGREEMENT IMPLEMENTATION > SUBCHAPTER II-CUSTOMS PROVISIONS**

