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How do I estimate the value of the chemicals I introduce? 

To determine which tier you should register at, the total value of the industrial chemicals you import and/or manufacture must first be estimated. NICNAS Registration is not intended to add unduly to your accounting or record keeping requirements. You can base your registration level on reasonably justifiable estimates.

 

It may be helpful to use relevant commercial documents such as commercial invoices, order/confirmation bill of lading/airway bill, insurance certificates or receipts for purchase of goods.

To make this estimation, there are four options:

 

Option A - You import only
Annual value of all industrial chemicals = Customs value (in AUS dollars)+ Insurance + Freight + Customs Duty

 

Option B - You manufacture only
(and buy ingredients from local suppliers):

The total value of industrial chemicals manufactured is the cost of labour and materials (including all ingredients) involved in the manufacture plus the factory overhead expenses.

 

Option C - You import AND manufacture, but your imports are not used in your manufactures:
You would apply Option A to your imports, Option B for your manufactures and add the two values together.

 

Option D - You import AND manufacture, but some or all of your imports are used in your manufactures:
In this case, the total value is estimated in the same way as in Option C. However, make sure that the value of the imported chemicals (that is used to manufacture another chemical/s) is only counted once when calculating your total value of introductions.

 

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