About the course
We examine the concepts and procedures relating to Customs valuation, and the knowledge and skills required for Customs professionals to effectively calculate, validate and verify all aspects of valuation. This includes the primary and secondary methods of calculating the Customs value of goods, and their practical application.
What you learn
On successful completion of this topic, you will be able to independently handle standard and more complex situations and related tasks in the field of Customs valuation. This includes all activities that you may be required to perform as a Customs professional, including the calculation, validation and declaration of the Customs value of goods. You will also gain a sound appreciation of the importance of your role in achieving compliance with EU laws as they apply to Customs valuation.
By studying this topic, you will acquire a broad understanding and detailed knowledge of the following concepts and procedures, and be able to apply and use this knowledge in your daily activities:
Relevant legislation regarding Customs value.
You will acquire knowledge of the legal framework regarding Customs valuation, including international and EU legislation. In particular, you will become familiar with the relevant provisions of the Union Customs Code and its associated legislation. This task will be greatly simplified through the use of our web-based UCC Navigator.
Primary method of calculating the Customs value of goods.
You will be able to use the primary method of calculating the Customs value of goods, that is, the transaction value of the goods, which is used in 95% of all transactions.
Secondary methods of calculating the Customs value of goods
You will be able to use the secondary methods to calculate the Customs value of goods, that is, the transaction value of identical goods, the transaction value of similar goods, the deductive value, the computed value and the fall-back method.
You will be able to apply and test your knowledge of the relevant legislation and methodology.