### Question
How is the term price actually paid or payable defined?


### Answer
The term **price actually paid or payable** is defined in *19 U.S.C. § 1401a* as the following:

> the total payment (whether direct or indirect, and exclusive of any costs, charges, or expenses incurred for transportation, insurance, and related services incident to the international shipment of the merchandise from the country of exportation to the place of importation in the United States) made, or to be made, for imported merchandise by the buyer to, or for the benefit of, the seller

#### Citation:
  - *19 U.S.C. § 1401a*
  - Heading: **CHAPTER 4-TARIFF ACT OF 1930 > SUBTITLE III-ADMINISTRATIVE PROVISIONS > Part I-Definitions and National Customs Automation Program > subpart a-definitions**

