Australian Border Force focuses on customs valuation

At recent industry events the Australian Border Force (ABF) shared its customs compliance focus for the coming year. An area that has been earmarked for attention is customs valuation. The ABF are focusing on costs, in addition to the invoice price, which need to be included in the customs value. Below we set out what you as an importer can do to limit the risk of customs non-compliance.

In most cases the customs value of goods will be based on the FOB invoice price plus certain other additions. These include: