Modification History
Not Applicable
Unit Descriptor
Unit Descriptor |
This unit involves the skills and knowledge required to carry out complex customs valuation in accordance with Customs and related legislation and workplace requirements. It includes applying the relevant method for the complex customs valuation required; identifying the contract for customs valuation purposes; determining the price and elements of adjusted price; and identifying elements of price related costs. It also includes calculating customs value through the application of currency conversion and factorisation principles, and recording valuation information on customs entry/declaration. Note: A primary responsibility of a customs broker is to ensure compliance with Australian Customs and other related legislation. Licensing, legislative, regulatory or certification requirements are applicable to this unit. |
Application of the Unit
Application of the Unit |
This unit applies to individuals working as a customs broker. Work must be carried out in compliance with the relevant Customs and related legislation and workplace requirements concerning customs valuation functions. Work is undertaken in a range of environments including small to large worksites in the customs broking and international trade industries. Work at this level is performed by those who provide leadership of others individually or in teams. This unit is normally packaged at AQF IV or above. |
Licensing/Regulatory Information
Refer to Unit Descriptor
Pre-Requisites
Not Applicable
Employability Skills Information
Employability Skills |
This unit contains employability skills. |
Elements and Performance Criteria Pre-Content
Elements describe the essential outcomes of a unit of competency. |
Performance criteria describe the required performance needed to demonstrate achievement of the element. Assessment of performance is to be consistent with the evidence guide. |
Elements and Performance Criteria
ELEMENT |
PERFORMANCE CRITERIA |
1 Apply the relevant valuation method |
1.1 Situations where the transaction value method applies are recognised 1.2 Situations where alternate methods of valuation apply are recognised 1.3 Situations where there is insufficient reliable information are identified 1.4 An appropriate valuation method is selected and applied for the complex customs valuation situation identified |
2 Identify the sales transaction |
2.1 Importer and seller are identified 2.2 Relevant contract or contracts are identified 2.3 Invoice terms relevant to the contract are identified |
3 Identify the import sales transaction |
3.1 Import sales transaction is identified |
4 Determine the price in the import sales transaction |
4.1 The price in the relevant import sales transaction is identified |
5 Determine the elements of adjusted price for a valuation |
5.1 The correct adjusted price deductions are made, taking into account the relevant legislation and terms of trade |
6 Identify elements of price related costs for a valuation |
6.1 Correct price related costs are made, taking into account the relevant legislation and terms of trade |
7 Calculate customs value for a valuation |
7.1 The date and place of export are determined in accordance with the Customs Act 1901 7.2 Valuation elements against imported goods using factorisation are apportioned 7.3 Alternate valuation methods are applied where necessary 7.4 Transaction value is calculated by applying applicable rate of exchange 7.5 Valuation Advice Request is prepared in response to identified problems 7.6 The requirement for a Valuation Advice Request is identified |
8 Record valuation information on customs declaration in accordance with legislative requirements |
8.1 Valuation related fields on a customs declaration are identified 8.2 Valuation information is entered correctly on customs declaration 8.3 Calculations are checked for accuracy and verified as required 8.4 Completed documentation is retained by relevant personnel in the enterprise in accordance with the requirements of Customs and related legislation and workplace procedures 8.5 Post entry valuation advice to the client is initiated where required 8.6 Relevant documentation is passed on to the client |
Required Skills and Knowledge
REQUIRED KNOWLEDGE AND SKILLS |
This describes the essential knowledge and skills and their level required for this unit. |
Required knowledge : |
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Required skills : |
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Evidence Guide
EVIDENCE GUIDE |
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The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required knowledge and skills, the range statement and the assessment guidelines for this Training Package. |
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Critical aspects for assessment and evidence required to demonstrate competency in this unit |
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Context of and specific resources for assessment |
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Method of assessment |
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Range Statement
RANGE STATEMENT |
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The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. |
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Information on relevant aspects of customs valuation may include: |
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Transaction value is: |
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Alternate valuation methods may include: |
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INCOTERMS 2000 are: |
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Adjusted price may include: |
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Price related costs may include: |
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Factorisation means: |
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Valuation advice may include: |
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Post entry valuation advice may include: |
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Verification may include: |
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New developments in complex customs valuation practices including changes in: |
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Information on new developments in customs valuation practices may be obtained from: |
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Ways of learning skills and knowledge required for new developments in customs valuation practices may include: |
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Depending on the organisation concerned, workplace procedures may be called: |
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Communication in the work area may include: |
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Documentation and records may include: |
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Applicable legislation and regulations may include: |
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Unit Sector(s)
Not Applicable
Competency Field
Competency Field |
A - Handling Cargo/Stock |