Sure. A business that is registered as a non-resident importer for the purpose of importing goods to Canada is generally a foreign company located outside of the country or a subsidiary of a Canadian multinational. If they were to purchase goods in that country of export for the purpose of having those goods imported into Canada, the declared value would be based on the last purchase price of the goods in the country of export as opposed to the purchase price of the sale of the goods to the country of export, being Canada, where the goods are being imported.
Somebody could have purchased goods in a foreign country where the last sale price they purchased those goods for would have been $100, but the sale price to the importer in Canada would be $150. They're declaring the value of $100, which is the last price paid, as opposed to the price paid for sale to export to Canada.
I'll defer to my colleague with the Department of Finance, Yannick Mondy. She could clarify whether I have that accurately or perhaps put it into a simpler explanation.