40 questions
Establishing Customs Values for Imports
My company imported printed material for commercial purposes. Design and printing were done in Malaysia. Should I include the design cost in the computation of GST?
What is a trade discount? A supplier listed the discount in the invoice as the consignee is the distributor in Singapore. Should it be included in the CIF value?
I have previously imported goods, but they were returned to correct a manufacturing error. I am now re-importing the goods, what value should I declare?
I imported shoes at S$60 per pair. The price increased to S$72 before my shipment arrived. What is the correct Customs value to be declared?
An importer acquires a machine from an overseas supplier. The list price of the machine is S$200 but the supplier grants a 10% trade discount to the buyer because he operates at the retail level of trade, resulting in a total price paid or payable of S$180. What is the Customs value?
The import invoice shows the value of the item and also the overseas bank charges. Do these charges have to be included for GST computation?
What are the costs that should be factored in the declared value of goods that were sent overseas for processing and re-imported back to Singapore for GST computation purposes?
Discount is stated in the invoice. Should the Free On Board (FOB) value be declared based on invoice value minus the discount?
My gold jewellery was imported by a courier agent. It was hand-carried into Singapore by air without insurance coverage. What should the freight charges include?
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