Unit of competency Outline

Date retreived
22/07/2026 6:50 PM AWST

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Determine customs value

Determine customs value

Unit of competency
National Code
TLIX5047
State Code
AWL06
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
29/02/2016
View on TGA
State Implementation and Classification
Approved Date
04/08/2016
Field of Education
080311 - International Business
Original Release Date
04/08/2016
Nominal Hours
35
Description
This unit involves the skills and knowledge required to carry out customs valuation using the transaction value method only, for the purpose of determining the customs value.This unit applies to individuals working as a customs broker. Work must be carried out in compliance with the current Australian Customs Act as amended and related case law 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. No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
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
No information
No information
Replaces
State Code National Code Title Type
WI851 TLIX5047A Determine customs value Unit of competency
Replaced By
State Code National Code Title Type
OED37 TLIX0039 Determine customs value Unit of competency
State Code National Code Title Type
AD413 TLISS00163 Complier/Classifier Skill Set Skill set
AZO9 TLI50816 Diploma of Customs Broking Qualification