The propagation of shear-horizontal (SH) waves in the periodic layered nanocomposite is investigated by using both the nonlocal integral model and the nonlocal differential model with the interface effect. Based on the transfer matrix method and the Bloch theory, the band structures for SH waves with both vertical and oblique incidences to the structure are obtained. It is found that by choosing appropriate interface parameters, the dispersion curves predicted by the nonlocal differential model with the interface effect can be tuned to be the same as those based on the nonlocal integral model. Thus, by propagating the SH waves vertically and obliquely to the periodic layered nanostructure, we could invert, respectively, the interface mass density and the interface shear modulus, by matching the dispersion curves. Examples are further shown on how to determine the interface mass density and the interface shear modulus in theory.