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What does the value field represent? Does it differ for imports and exports?

April 26, 2017differ exports field imports value

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What does the value field represent? Does it differ for imports and exports?

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Imports: The data field “VALUE” refers to the 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 port of export to the United States.