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Elements and Performance Criteria

  1. Apply transaction valuation method
  2. Identify import sales transaction for customs valuation purposes
  3. Determine transaction value
  4. Identify factors that impact on price
  5. Determine customs value

Performance Evidence

Evidence required to demonstrate competence in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria on at least one occasion and include:

applying transaction valuation method

calculating accurately

calculating customs value

comparing and analysing information

determining price and elements of adjusted price

identifying elements of price related costs

identifying, interpreting and learning relevant skills and knowledge required for developments in customs valuation practices

identifying relevant import sales transaction for customs valuation purposes

negotiating, communicating and liaising effectively with clients and others

reading and interpreting legislation

recording valuation information on customs import declaration

solving problems that may arise when determining customs valuations.


Knowledge Evidence

Evidence required to demonstrate competence in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria and include knowledge of:

applicable rules, legislation and regulations:

case law

current Australian Customs Act as amended

awareness of alternative valuation methods

date and place of export

factorisation i.e. apportionment of costs over a line value (each line of invoice for which there is a separate classification)

price related costs and other legislated additions to or subtractions from price

rates of currency exchange

transaction value.