Imports: "VALUE" refers to the U.S. Customs value or the value of merchandise for duty purposes. It is usually the selling price in the foreign country of origin. It excludes freight costs, insurance, and other charges incurred in bringing the merchandise from the foreign country to the United States. Exports: "VALUE" refers to the value of the merchandise, usually the selling price, plus insurance, and freight at the U.S. port of export. The value, as defined, excludes the cost of loading the merchandise aboard the exporting carrier at the port of export and also excludes freight, insurance, and any charges or transportation costs beyond the U.S. port of exportation.
The value received for the complete systems at the company's net billing price, freight-on-board factory, including charges for cooperative advertising and warranties. This does not include excise taxes, freight or transportation charges, or installation charges.