Identical Goods

Identical Goods

Two goods that are alike in all major respects. Identical goods have the same quantity and quality and are produced in the same country. Identical goods have the same value. They may have slight differences in appearance, however, but this does not affect their value. For example, two bricks of 14-carat gold fashioned in Belgium are considered identical goods.
References in periodicals archive ?
casesIn extreme cases, gangswill put hundreds of pounds of goods in a trolley, pay for it and then take the receipt back inside to fake proof that a trolley containing identical goods was purchased.
The basis of value verification is the previous importation, similar and identical goods at the same period of importation and other methods of valuation available under Republic Act No.
According to the bureau, the system would use as basis for verification previous importations, similar and identical goods at the same period of importation, and other methods of valuation as provided under Republic Act 10863, otherwise known as the Customs Modernization and Tariff Act.
He also examines retailer pricing practices for identical goods sold at multiple locations.
The import duty concessions on 35 percent tariff lines flooded the local markets with goods on dumping price and many Pakistani industries producing identical goods could not survive.
754 of August 30, 2013 regarding the application of export customs duty rates for identical goods in various customs authorities, as well as classification codes in accordance with the UNECE TNE FEA, not contained in this resolution.
Moreover, the customs clearance of identical goods by physical characteristics, quality, manufacturer, code of the commodity nomenclature of foreign economic activity within the framework of a single foreign trade agreement will be implemented through the provision of periodic declarations.
Moreover, Minister of Commerce and Industry Tarek Kabil said that the ministry is keen to activate the role of regulatory bodies to counter all methods of cheating and non-conforming products by applying new and varied mechanisms to ensure that factories and maintenance centres comply with standard specifications for goods and services, and produce safe and identical goods.
Guido Menzio and I built on a long literature documenting price dispersion among identical goods by conducting a comprehensive investigation into the nature of price dispersion in the retail sector, with a view to relating this dispersion to bargain hunting.
The YMS has led a way in discriminating prices based on the demand and supply of identical goods. YMS has proven to be a single stop theory in grabbing revenue for several major industries and transport industry being top in the list.
Further, the Board concluded that the words Fresh Body were likely to be viewed as identifying the previously anonymous source of the identical goods sold under the mark FB by the opposer, and could even be viewed as a house mark.