This post and the linked Q&A from 2019 got me thinking about how Fair Market Value (FMV) applies to international teams. I’ve bolded some text for emphasis.
What if the price “any” team would have to pay varies by country. For example, the Limelight 2.
What is the FMV for the Limelight 2 for a Canadian team? $400 or $527.88?
Does it matter that some Canadian teams are able to order from the US while others are not because of their proximity to the border?
Should import duties and brokerage be accounted for?
If the FMV for the Limelight 2 for Canadian teams is $527.88, is the Limelight 2 not legal for use by Canadian teams?
My hope (and expectation) is that the FMV of a product is universal for all teams, despite increased prices in certain countries, and that in this specific example it would be $400, but I’m curious what others think.