rchased at
more than actual market value, he may deduct the difference at time of
entry and pay duty only on the wholesale foreign market value, under
Section III., paragraph 1.
On the other hand, if the examiner finds merchandise to be undervalued
on the invoice, such merchandise is subject to additional penal duties,
but in case of disagreement between the importer and the examiner as to
the actual market value, appeal may be taken to the Customs Court.
Since the Philippine Islands are possessions of the United States,
pearls from those islands may be admitted free of duty when the facts
of their origin are certified to.
In the case of precious stones which had their origin in the United
States, but which were exported and kept for a time abroad it has been
ruled that such stones may be imported into the United States free of
duty.
When precious or imitation precious stones are imported into the United
States and subsequently mounted into jewelry which is then exported, the
duty which was paid upon entry may be refunded less a deduction of 1%.
The author wishes to extend his thanks to Examiner W. B. Treadwell of
New York, for his assistance in regard to the subject dealt with in this
lesson.
BIBLIOGRAPHY
The student of gems will, of course, want to read many books on the
subject and the following brief bibliography will enable the beginner to
select his reading wisely from the start. Much more complete
bibliographies will be found in some of the books listed here, one which
is notably complete to date of publication is contained in _Diamonds and
Precious Stones_, by Harry Emanuel, F.R.G.S., London, John Camden
Hotten, 1867. This covers many languages.
The book which will probably be found most useful by those who have
mastered this little text is the work by G. F. Herbert-Smith, to which
frequent reference has been made at the close of many of our chapters.
It is thoroughly scientific, yet understandable, and is very complete on
the scientific side of the subject.
_Gem-Stones_, G. F. Herbert-Smith, Jas. Pott & Co., N. Y.
For another work and one which contains information of trade character
as well as scientific information about gems see _Precious Stones_ by W.
R. Cattelle, J. B. Lippincott & Co., Phila., or see _A Handbook of
Precious Stones_, by M. D. Rothschild, G. P. Putnam's Sons, N. Y.
_Gems and Gem Minerals_, by Oliver Cummings Farrington, A. W. Mumford,
publisher, Chicago, 190
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