The number one error made on import declarations - the valuation date

The number one error made on import declarations - the valuation date

The number one error detected on import declarations by the Australian Border Force (ABF) in 2017-1028 was incorrect valuation date. To put this in context, there were more valuation date errors detected than the combined number of tariff classification, use of tariff concession orders and invoice term errors combined. However, this is not a case of customs brokers suddenly deciding to ignore the need to report the correct valuation date, rather, the ABF has changed how it measures compliance. This is causing headaches for customs brokers, clients and exporters. Frustratingly, there is no strong economic or security reason driving the increased compliance approach.

The-Number-One-Error.pdf The-Number-One-Error.pdf (412kB)