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CUS106 Introduction to Customs Valuation (8)

Abstract

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.

+ Subject Availability Modes and Location

Session 1
OnlineCanberra Campus
Session 2
OnlineCanberra 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

Duration Grading System School:
One sessionHD/FLCentre 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

The 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

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The information contained in the 2017 CSU Handbook was accurate at the date of publication: 23 June 2017. The University reserves the right to vary the information at any time without notice.