CUS106 Introduction to Customs Valuation (8)

This subject introduces students to the World Trade Organization (WTO) Valuation Agreement. This Agreement is in use in or will be introduced into all WTO member countries and economies for use by Customs and industry as the method of valuing goods as they cross national borders. Students will acquire the necessary knowledge and skills to determine the value of goods under their national legislation, based on this internationally recognised system. They will examine all methods of valuation under the Agreement, including the impact of related parties, together with specific issues such as discounts, royalties and conditioned sales.

Availability

Session 1 (30)
Online
Canberra Campus
Session 2 (60)
Online
Canberra Campus

Continuing students should consult the SAL for current offering details: CUS106. Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.

Subject Information

Grading System

HD/FL

Duration

One session

School

Centre for Customs and Excise Studies

Learning Outcomes

Upon successful completion of this subject, students should:
  • be able to demonstrate an in-depth understanding of the aims, objectives, structure and relevance of the WTO Valuation Agreement
  • be able to demonstrate an in-depth understanding of the valuation methodologies provided in the WTO Valuation Agreement
  • be able to locate and apply sources guiding interpretation of the Agreement to solve Customs valuation problems
  • be able to value goods and justify their valuation decisions with reference to the provisions of the Agreement and other sources guiding interpretation of the Agreement.
  • be able to discuss and evaluate critically practical and topical Customs valuation issues.

Syllabus

This subject will cover the following topics:
  • Valuation Principles
  • Transaction Value: basic principle, conditions and limitations, price actually paid or payable and factors impacting on the price paid or payable, commissions, transportation and assists; royalties, licence fees and proceeds of sale
  • Other Customs Valuation Methodologies

Indicative Assessment

The following table summarises the assessment tasks for the online offering of CUS106 in Session 1 2019. Please note this is a guide only. Assessment tasks are regularly updated and can also differ to suit the mode of study (online or on campus).

Item Number
Title
Value %
1
On-line participation
20
2
Transparency
30
3
Customs value of a consignment of tea
50

The information contained in the CSU Handbook was accurate at the date of publication: July 2020. The University reserves the right to vary the information at any time without notice.

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