The actual price of a product, paid or payable, used for customs valuation purposes.

Total of all consideration passed at any time between the buyer and seller for an ownership interest in a business enterprise and may include but is not limited to all remuneration for tangible and intangible assets such as: furniture, equipment, supplies, inventory, Working Capital, non-competition agreements, customer lists, employment and/or consulting agreements, franchise fees, assumed liabilities, stock options or redemptions, real estate, leases, royalties, Earnouts and future considerations.

U.S. Customs) U.S. Customs officers are required by law to determine the value of imported merchandise as determined by the U.S. Customs officers for statistical purposes as well as to determine the amount of import duty.