Unit of competency Outline
Date retreived
22/07/2026 7:29 PM AWST
22/07/2026 7:29 PM AWST
Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.
Determine complex customs value
Determine complex customs value
Unit of competency
National Code
TLIX0040
TLIX0040
State Code
OED36
OED36
TGA Status
Current
Current
DTWD Status
Approved
Approved
State Implementation and Classification
Approved Date
28/09/2022
Field of Education
080311 - International Business
Original Release Date
28/09/2022
Nominal Hours
35
Description
This unit involves the skills and knowledge required to carry out complex customs valuation in accordance with customs and relevant legislation. It includes applying the relevant method for the complex customs valuation required, identifying the contract of sale 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 recording valuation information on customs declaration. This unit applies to individuals working as a customs broker. Work must be carried out in compliance with the Customs Act as amended and case law concerning customs valuation.Work is undertaken in a range of environments, including small to large worksites, in the customs broking and international supply chain industries.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1 Apply appropriate valuation method
- 1.1 Situations where transaction value method applies are recognised
- 1.2 Situations where the transaction valuation is unable to be determined are identified
- 1.3 Alternative valuation methods are identified
- 1.4 Variations to the order of use of valuation methods are considered and applied in accordance with the provisions of the Customs Act
- 1.5 Appropriate valuation method is selected and applied for the complex customs valuation situation identified
2 Apply elements of price-related costs for a customs valuation
- 2.1 Correct treatment of royalty or licence fee is determined and applied
- 2.2 Correct treatment of commissions is determined and applied
3 Seek advanced ruling (valuation advice)
- 3.1 Requirements for an application for valuation advice is identified
- 3.2 Application for a valuation advice is prepared in response to identified concerns
- 3.3 Legislative and case law references are included in the application for valuation advice
No information
No information
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| AWL02 | TLIX5052 | Determine complex customs value | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| BHV5 | TLI50822 | Diploma of Customs Broking | Qualification |