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Elements and Performance Criteria

1. Apply appropriate valuation method
   • Situations where transaction value method applies are recognised
   • Situations where alternate methods of valuation apply are recognised
   • Situations where there is insufficient reliable information to determine appropriate valuation method, are identified and referred in accordance with workplace policies and procedures
   • Appropriate valuation method is selected and applied for the complex customs valuation situation identified
   • Variations to the order of use of valuation methods are considered and applied in accordance with the provisions of the current Australian Customs Act
2. Apply elements of price related costs for a customs valuation
   • Correct treatment of royalty or licence fee in customs value is determined and followed in accordance with the current Australian Customs Act and relevant case law
   • Correct treatment of commissions to be included in customs value is determined and followed in accordance with the current Australian Customs Act and relevant case law
   • Correct valuation method for private import of cars and yachts is determined and followed in accordance with relevant legislation, case law and current Australian customs policies and procedures
3. Seek valuation advice
   • Requirement for an application for valuation advice is identified
   • Valuation advice is prepared in response to identified concern
   • Correct legislative and case law references are included in the application for valuation advice
   • Post entry valuation advice to client is initiated as required
   • Relevant documentation is passed on to client in accordance with legislation and workplace procedures

Range Statement

Range is restricted to essential operating conditions and any other variables essential to the work environment.

Nonessential conditions can be found in the Companion Volume Implementation Guide.

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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 conflict resolution strategies applying relevant method for a customs valuation calculating customs value for a complex customs valuation carrying out advanced calculations determining price and elements of adjusted price for a complex customs valuation following correct hierarchy for customs valuation work identifying elements of price related costs for a customs valuation identifying import sales transaction for customs valuation purposes identifying, interpreting and learning skills and knowledge required for developments in customs valuation practices reading and interpreting: current Australian Customs Act and related legislation relevant to valuation practice statements, procedures and information relevant to conducting customs valuations selecting and using appropriate workplace colloquial and technical language selecting and using relevant software application systems and related information solving problems.

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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:

application for valuation advice procedure and rulings applicable legislation and regulations: current Australian Customs Act and relevant legislation confidentiality agreements case law as it applies to valuation continuing professional development determination of: adjusted price customs value import sales transaction price related costs documentation requirements for customs valuations factorisation i.e. appointment of costs over a line value (each line of import declaration for which there is a separate classification) rejection of transaction value related parties sources of information on developments in customs valuation practices transaction value as the main method for valuing goods for customs purposes transfer pricing valuing privately owned passenger vehicles (PMVs) ways of learning the skills and knowledge required to implement developments in customs valuation practices: continuing professional development programs independent reading networking with internal and external contacts workplace coaching.

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