33Even though Article 2(1) of the basic regulation sets out the general principle that the normal value is normally to be based on the prices paid or payable, in the ordinary course of trade, by independent customers in the exporting countries, it does not follow from either the wording or the scheme of Article 2(7) of that regulation or from the Court’s case-law that, when the institutions of the European Union determine the normal value ‘on any other reasonable basis’, that normal value must always correspond to the normal value at which the product is supplied to the first independent customer. Such an interpretation would undermine the discretion granted to the institutions of the European Union when determining the normal value in respect of non-market-economy countries (see, to that effect, Ikea Wholesale, paragraph 40).
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