1. Identical Goods

In accordance with Paragraph 2, Article 31 of the Customs Act, the term “identical goods” means goods which are the same in all respects, including country of production, physical characteristics, quality and reputation, as the goods being valued.

2. Similar Goods

In accordance with Paragraph 2, Article 32 of the Customs Act, the term “similar goods” means goods which, although not alike in all respects, are produced in the same country, perform the same functions, have like characteristics and like component materials, as the goods being valued, and are commercially interchangeable with the goods being valued.