Home Market Value Law and Legal Definition

Home market value is defined as “the price at which a foreign like product is first sold (or, in the absence of a sale, offered for sale) for consumption in the exporting country, in the usual commercial quantities and in the ordinary course of trade and, to the extent practicable, at the same level of trade as the export price or constructed export price.” Arch Chems., Inc. v. United States, 2009 Ct. Intl. Trade LEXIS 78 (Ct. Int'l Trade July 13, 2009)