Brief Course Description
1. Course Title:
Introduction to Customs Valuation
2. Language of Instruction:
3. Course Code:
CUS504036
4. Credits:
3
5. Course Objectives:
Course objectives:
- Provide basic knowledge of customs valuation: Help students understand the basic concepts and principles of customs valuation and the WTO Valuation Agreement.
- Understand and apply international valuation methods: Provide knowledge of methods for valuing goods when crossing national borders, based on internationally recognized systems.
- Develop skills in determining the value of goods: Guide students on how to determine the value of goods according to national laws and WTO regulations.
- Study the impact of stakeholders: Analyze the influence of stakeholders in the valuation process, including issues such as discounts, royalties and conditions of sale.
- Practical application in international business: Prepare students to be able to solve real-life situations related to customs valuation in the global trade environment.
- Provide knowledge about Post-clearance Inspection: Introduce the process and techniques of post-clearance inspection, helping students understand the important role of this work in ensuring compliance with the law and improving the effectiveness of customs management.
6. Brief Description of Course Content:
This course equips students with fundamental knowledge about customs valuation, including the Agreement on Customs Valuation of the World Trade Organization (WTO). This Agreement is currently applied or will be implemented in all WTO member countries and other economies, serving as a method for valuing goods when they move across national borders. Students will gain the necessary knowledge and skills to determine the value of goods according to national laws based on an internationally recognized system. The course will explore all valuation methods under the Agreement, including the impact of related parties, as well as specific issues such as discounts, royalties, and conditional sales. Additionally, the course provides knowledge about the post-clearance 2 audit process and techniques to help students better understand the importance of this work in ensuring compliance with the law and enhancing the efficiency of customs administration