Customs Act (R.S.C., 1985, c. 1 (2nd Supp.))

Marginal note:Transaction value of similar goods as value for duty

• 50 (1) Subject to subsections (2) and 49(2) to (5), where the value for duty of goods is not appraised under section 48 or 49, the value for duty of the goods is, if it can be determined, the transaction value of similar goods, in a sale of those goods for export to Canada, if that transaction value is the value for duty of the similar goods and the similar goods were exported at the same or substantially the same time as the goods being appraised and were sold under the following conditions:

  • (a) at the same or substantially the same trade level as the goods being appraised; and

  • (b) in the same or substantially the same quantities as the goods being appraised.

• Marginal note:Application of section 49

  (2) Subsections 49(2) to (5) apply to this section in respect of similar goods and wherever in those subsections the expression “identical goods” is referred to, there shall be substituted therefor the expression “similar goods”.