Therefore, the taxpayer was not a seller of merchandise
and could continue to use the cash method.
The line's booming popularity has expanded from its initial T-shirts and pants concept to include such diverse logo-emblazoned merchandise
as baseball caps and shoes.
It appears that the controversy over whether materials used in a service business are considered merchandise
or supplies will continue.
Whether or not they're religious, the fact that the objects come from the Vatican will give the merchandise
based on them a religious patina that could add to its value, said John P.
Prospects for 1999 are welcome news for makers of toys, video games, T-shirts, posters and key chains after seeing less-than-blockbuster sales from last summer's two largest movie merchandise
campaigns, for ``Godzilla'' and ``Small Soldiers.
Under this new interpretation, most royalty or license fees paid for merchandise
that is imported and resold without further processing will be considered an element of customs value and thus subject to duty.
Despite a few disappointments, movie studios are cashing in on movie-related merchandise
as never before, leaving parents to cope with the onslaught of products and their children's demands.
that the transaction value of imported merchandise
(in this case, subway cars) was based on the price of the sale from the middleman to the ultimate U.