D13-4-10, Price Reductions

This memorandum outlines and explains the treatment of price reductions in determining the value for duty under the transaction value method, in accordance with section 48 of the Customs Act.

Revision

This memorandum, formerly entitled “Discounts”, has been reissued to explain the Canada Border Services Agency’s revised policy on the treatment of reductions to the price paid or payable, which result from agreements in writing that are in effect at the time goods are imported to Canada.