...Exchange Fluctuations and Tariff Duties: Hearings...Dec. 9, 1920 -

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Σελίδα 112 - That on and after the day following the passage of this Act, except as otherwise specially provided for in this Act, there shall be levied, collected, and paid upon all articles when imported from any foreign country into the United States or into any of its possessions (except the Philippine Islands, the Virgin Islands, and the islands of Guam and Tutuila...
Σελίδα 93 - ... the actual market value or wholesale price thereof at the time of exportation to the United States, in the principal markets of the country from which the same has been imported...
Σελίδα 93 - ... freely offered for sale to all purchasers in the usual wholesale quantities in the country of production.
Σελίδα 93 - States, in the ordinary course of trade and in the usual wholesale quantities in such market, or the price that the manufacturer, producer, or owner would have received or was willing to receive for such merchandise when sold in the ordinary course of trade and in the usual wholesale quantities, at the time of exportation of the imported article.
Σελίδα 10 - Provided, That the Secretary of the Treasury may order the reliquidation of any entry at a different value, whenever satisfactory evidence shall be produced to him showing that the value in United States currency of the foreign money specified in the invoice was, at the date of certification, at least ten per centum more or less than the value proclaimed during the quarter in which the consular certification occurred.
Σελίδα 97 - ... secured by such a change. First. The American manufacturer would have increased protection ; not more than Congress intends him to have at the present time, but he would get what he is supposed to be receiving. Second. The Government would get increased revenue, for the same reason. Third. The power to secure facts would be in the hands of our own officials; they could compel the attendance of the importer and seller of the merchandise in this country; they could compel the attendance of the...
Σελίδα 95 - ... officers to pry into our business for the sole purpose of keeping out our merchandise, and In this we are assured of the cordial support of our Government. Such treatment on the part of American officials and the cause for it is plain, and now that concessions must be made by the American Government, if we stand together firmly as a body aided and supported by our board of trade, we can bring about a change that will be of untold benefit to our American export trade.
Σελίδα 9 - Provided, That it shall be lawful for the • President of the United States, to cause to be established fit and proper regulations for estimating the duties on goods, wares and merchandise imported into the United States, in respect to which the original cost shall be exhibited in a depreciated currency, issued and circulated under authority of any foreign government.
Σελίδα 97 - Seventh. Those who through" gross undervaluations are now reaping enormous profits out of our market would be at least compelled to share those profits with the Government, and thus reduce the unjust competition between them and the honest importers and domestic manufacturers, as they would have to pay an amount of duty equal with those who are invoicing their goods at honest values.
Σελίδα 95 - Naturally we all admit that an actual swindle is incorrect in any business transaction, but 'undervaluation' should not be treated as such unless positively proved. However, no such elasticity is to be found in the minds of American customs officials, who treat 'undervaluation,' as they call it, as fraudulent, and they at once apply the usual penalties.

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