NZQA registered unit standard
18639 version 2
Page 1 of 4
Title
Demonstrate knowledge and use the transaction method to value
goods for Customs purposes
Level
4
Purpose
Credits
6
This unit standard applies to Customs officers who are required
to offer a valuation opinion as part of their regular job role.
Requirements of this unit standard do not extend to Customs
rulings which are provided only through the Customs National
Tariff Advisory Unit.
People credited with this unit standard are able to: demonstrate
knowledge of the valuation of goods for Customs purposes;
demonstrate knowledge of the transaction value method as the
primary basis for determining Customs value in accordance
with the Second Schedule of the Customs and Excise Act
1996; identify and explain documentation required when using
the transaction method to determine the Customs value in
accordance with the Second Schedule of the Customs and
Excise Act 1996; and apply the transaction method to value
imported goods.
Classification
Public Sector Services > Customs and Excise
Available grade
Achieved
Explanatory notes
1
Legislation, policies and procedures relevant to this unit standard include:
Second Schedule of the Customs and Excise Act 1996;
Customs and Excise Regulations 1996;
Agreement on Implementation of Article VII of the General Agreement on Tariffs and
Trade 1994;
World Trade Organisation Valuation Agreement (WTOVA);
Various Publications as published by the World Customs Organisation Technical
Committee on Customs Valuation including
- WCO Customs Valuation Compendium
- WCO Customs Valuation Control Handbook;
The State Services Code of Conduct, Standards of Integrity and Conduct (available
from www.ssc.govt.nz);
New Zealand Customs Service Code of Conduct (available from NZ Customs
Service, PO Box 2218, Wellington 6140, www.customs.govt.nz).
The Skills Organisation
SSB Code 100401
 New Zealand Qualifications Authority 2016
NZQA registered unit standard
2
18639 version 2
Page 2 of 4
Definitions
Customs value means the Customs value of those goods determined in accordance
with the Second Schedule of the Customs and Excise Act 1996.
Organisational requirements refer to instructions to staff on policies, procedures, and
methodologies which are documented and are available in the workplace. They must
be consistent with applicable legislation and any other applicable compliance
requirements.
Outcomes and evidence requirements
Outcome 1
Demonstrate knowledge of the valuation of goods for Customs purposes.
Evidence requirements
1.1
Customs value is explained in accordance with the Customs and Excise Act
1996.
1.2
The determination of Customs value is explained in accordance with the
Second Schedule of the Customs and Excise Act 1996.
1.3
Requirements of importers to specify a Customs value and to supply supporting
documentation are explained in accordance with legislation.
1.4
The power of Customs to amend the Customs value on an import entry is
explained in accordance with legislation.
1.5
The use of foreign currency rates in determining Customs value is explained in
accordance with legislation.
Outcome 2
Demonstrate knowledge of the transaction value method as the primary basis for
determining Customs value in accordance with the Second Schedule of the Customs and
Excise Act 1996.
Evidence requirements
2.1
Transaction value is explained.
2.2
Price paid and payable is explained.
2.3
Adjustments that may be made to transaction value are described.
Range
additions and reductions.
2.4
The four conditions that restrict the use of the transaction value method are
explained.
2.5
The application of test values to determine the acceptability of the transaction
value between related parties is explained.
The Skills Organisation
SSB Code 100401
 New Zealand Qualifications Authority 2016
NZQA registered unit standard
18639 version 2
Page 3 of 4
Outcome 3
Identify and explain documentation required when using the transaction method to
determine the Customs value in accordance with the Second Schedule of the Customs
and Excise Act 1996.
Evidence requirements
3.1
Types of information provided by invoices accompanying goods are identified.
Range
3.2
Additional documents required to support a Customs value declaration are
identified and explained.
Range
3.3
five types of documentation.
International terms of trade (Incoterm) are explained.
Range
3.4
ten types of information.
free on board (FOB), costs and freight (C&F), costs insurance and
freight (CIF), ex-works (EXW), deliver duty unpaid (DDU), deliver
duty paid (DDP).
The methods of payment for goods are identified and explained.
Range
six methods of payment.
Outcome 4
Apply the transaction method to value imported goods.
Range
five valuations.
Evidence requirements
4.1
Invoices relating to the goods are checked for accuracy in accordance with
organisational requirements.
4.2
Payment details are checked in accordance with organisational requirements.
Range
amount paid, date paid, method of payment, to whom payment
was made.
4.3
Shipping documents are checked in accordance with organisational
requirements.
4.4
Adjustments are identified and explained where required
The Skills Organisation
SSB Code 100401
 New Zealand Qualifications Authority 2016
NZQA registered unit standard
18639 version 2
Page 4 of 4
Status and review information
Registration date
16 July 2010
Date version published
16 July 2010
Planned review date
1 February 2015
Accreditation and Moderation Action Plan (AMAP) reference
0121
This AMAP can be accessed at http://www.nzqa.govt.nz/framework/search/index.do.
Please note
Providers must be granted consent to assess against standards (accredited) by NZQA, or
an inter-institutional body with delegated authority for quality assurance, before they can
report credits from assessment against unit standards or deliver courses of study leading
to that assessment.
Industry Training Organisations must be granted consent to assess against standards by
NZQA before they can register credits from assessment against unit standards.
Providers and Industry Training Organisations, which have been granted consent and
which are assessing against unit standards must engage with the moderation system that
applies to those standards.
Consent requirements and an outline of the moderation system that applies to this
standard are outlined in the Accreditation and Moderation Action Plan (AMAP). The
AMAP also includes useful information about special requirements for organisations
wishing to develop education and training programmes, such as minimum qualifications for
tutors and assessors, and special resource requirements.
Comments on this unit standard
Please contact The Skills Organisation info@skills.org.nz if you wish to suggest changes
to the content of this unit standard.
The Skills Organisation
SSB Code 100401
 New Zealand Qualifications Authority 2016