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Evidence Guide: TLIX5047 - Determine customs value

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

From the Wiki University

 

TLIX5047 - Determine customs value

What evidence can you provide to prove your understanding of each of the following citeria?

Apply transaction valuation method

  1. World Trade Organization (WTO) Customs Valuation Agreement is analysed
  2. Valuation specific information is identified in accordance with the current Australian Customs Act as amended
  3. Situations where it is appropriate to apply transaction valuation method are recognised and analysed
  4. Situations where alternate methods of valuation apply are recognised
  5. Situations where there is insufficient reliable information to determine if transaction valuation method applies are identified
  6. Valuation is determined from import documentation in accordance with the current Australian Customs Act
World Trade Organization (WTO) Customs Valuation Agreement is analysed

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Valuation specific information is identified in accordance with the current Australian Customs Act as amended

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Situations where it is appropriate to apply transaction valuation method are recognised and analysed

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Situations where alternate methods of valuation apply are recognised

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Situations where there is insufficient reliable information to determine if transaction valuation method applies are identified

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Valuation is determined from import documentation in accordance with the current Australian Customs Act

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify import sales transaction for customs valuation purposes

  1. Relevant import sales transaction is identified
  2. Owner and supplier are identified on documentation
  3. Any relationship between owner and supplier is acknowledged and implications of relationship for customs valuation are determined and managed in accordance with current Australian Customs Act as amended
Relevant import sales transaction is identified

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Owner and supplier are identified on documentation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Any relationship between owner and supplier is acknowledged and implications of relationship for customs valuation are determined and managed in accordance with current Australian Customs Act as amended

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine transaction value

  1. Price in import sales transaction is identified
  2. Terms of trade relevant to import sales transaction are identified and analysed
  3. Adjusted price is calculated
  4. Price related costs and any other additions or deductions are determined taking into account relevant legislation and terms of specific import sales transaction
  5. Transaction value is calculated
Price in import sales transaction is identified

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Terms of trade relevant to import sales transaction are identified and analysed

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Adjusted price is calculated

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Price related costs and any other additions or deductions are determined taking into account relevant legislation and terms of specific import sales transaction

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Transaction value is calculated

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify factors that impact on price

  1. Date and place of export are determined in accordance with current Australian Customs Act
  2. Rate of exchange is confirmed
Date and place of export are determined in accordance with current Australian Customs Act

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Rate of exchange is confirmed

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine customs value

  1. Customs value is calculated using appropriate rate of currency exchange
  2. Costs against goods are apportioned using factorisation
  3. All calculations are checked for accuracy, documented and verified as required
Customs value is calculated using appropriate rate of currency exchange

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Costs against goods are apportioned using factorisation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

All calculations are checked for accuracy, documented and verified as required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENTS

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1

Apply transaction valuation method

1.1

World Trade Organization (WTO) Customs Valuation Agreement is analysed

1.2

Valuation specific information is identified in accordance with the current Australian Customs Act as amended

1.3

Situations where it is appropriate to apply transaction valuation method are recognised and analysed

1.4

Situations where alternate methods of valuation apply are recognised

1.5

Situations where there is insufficient reliable information to determine if transaction valuation method applies are identified

1.6

Valuation is determined from import documentation in accordance with the current Australian Customs Act

2

Identify import sales transaction for customs valuation purposes

2.1

Relevant import sales transaction is identified

2.2

Owner and supplier are identified on documentation

2.3

Any relationship between owner and supplier is acknowledged and implications of relationship for customs valuation are determined and managed in accordance with current Australian Customs Act as amended

3

Determine transaction value

3.1

Price in import sales transaction is identified

3.2

Terms of trade relevant to import sales transaction are identified and analysed

3.3

Adjusted price is calculated

3.4

Price related costs and any other additions or deductions are determined taking into account relevant legislation and terms of specific import sales transaction

3.5

Transaction value is calculated

4

Identify factors that impact on price

4.1

Date and place of export are determined in accordance with current Australian Customs Act

4.2

Rate of exchange is confirmed

5

Determine customs value

5.1

Customs value is calculated using appropriate rate of currency exchange

5.2

Costs against goods are apportioned using factorisation

5.3

All calculations are checked for accuracy, documented and verified as required

Required Skills and Knowledge

ELEMENTS

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1

Apply transaction valuation method

1.1

World Trade Organization (WTO) Customs Valuation Agreement is analysed

1.2

Valuation specific information is identified in accordance with the current Australian Customs Act as amended

1.3

Situations where it is appropriate to apply transaction valuation method are recognised and analysed

1.4

Situations where alternate methods of valuation apply are recognised

1.5

Situations where there is insufficient reliable information to determine if transaction valuation method applies are identified

1.6

Valuation is determined from import documentation in accordance with the current Australian Customs Act

2

Identify import sales transaction for customs valuation purposes

2.1

Relevant import sales transaction is identified

2.2

Owner and supplier are identified on documentation

2.3

Any relationship between owner and supplier is acknowledged and implications of relationship for customs valuation are determined and managed in accordance with current Australian Customs Act as amended

3

Determine transaction value

3.1

Price in import sales transaction is identified

3.2

Terms of trade relevant to import sales transaction are identified and analysed

3.3

Adjusted price is calculated

3.4

Price related costs and any other additions or deductions are determined taking into account relevant legislation and terms of specific import sales transaction

3.5

Transaction value is calculated

4

Identify factors that impact on price

4.1

Date and place of export are determined in accordance with current Australian Customs Act

4.2

Rate of exchange is confirmed

5

Determine customs value

5.1

Customs value is calculated using appropriate rate of currency exchange

5.2

Costs against goods are apportioned using factorisation

5.3

All calculations are checked for accuracy, documented and verified as required

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.

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.

Range Statement

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

Non-essential conditions can be found in the Companion Volume Implementation Guide.