Program Overview

Introduction to CUS106 Introduction to Customs Valuation

This subject introduces students to the World Trade Organization (WTO) Valuation Agreement, which is used in all WTO member countries and economies for valuing goods that 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 recognized system.

Subject Outlines

The subject outlines are available for current CSU students to view for recent sessions. Please note that subject outlines and assessment tasks are updated each session.

Availability

The subject is available in:

• Session 1 (30) - Online and Canberra Campus
• Session 2 (60) - Online and Canberra Campus

Subject Information

Grading System

The grading system used is HD/FL.

Duration

The subject duration is one session.

School

The subject is offered by the 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
• Demonstrate an in-depth understanding of the valuation methodologies provided in the WTO Valuation Agreement
• Locate and apply sources guiding interpretation of the Agreement to solve Customs valuation problems
• Value goods and justify their valuation decisions with reference to the provisions of the Agreement and other sources guiding interpretation of the Agreement
• 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

Disclaimer

The information contained in the 2018 CSU Handbook was accurate at the date of publication: August 2018. The University reserves the right to vary the information at any time without notice.