### Question
How does TARIFF ACT OF 1930 define import cost?


### Answer
Under *19 U.S.C. § 1332*, **import cost** is defined as:

> the transaction value of the imported merchandise determined in accordance with section 1401a(b) of this title plus, when not included in the transaction value, all necessary expenses, exclusive of customs duties, of bringing such merchandise to the United States

#### Citation:
  - *19 U.S.C. § 1332*
  - Heading: **CHAPTER 4-TARIFF ACT OF 1930 > SUBTITLE II-SPECIAL PROVISIONS > Part II-United States International Trade Commission**

