singapore customs trade regulations and procedures handbook
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singapore customs trade regulations and procedures handbookThe 13-digit and 10-digit formats both work. Please try again.Please try again.Please try again. Additional terms apply.We'll e-mail you with an estimated delivery date as soon as we have more information. Your account will only be charged when we ship the item. Please choose a different delivery location.Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required. Register a free business account Full content visible, double tap to read brief content. Videos Help others learn more about this product by uploading a video. Upload video To calculate the overall star rating and percentage breakdown by star, we don’t use a simple average. Instead, our system considers things like how recent a review is and if the reviewer bought the item on Amazon. It also analyzes reviews to verify trustworthiness. Groups Discussions Quotes Ask the Author To see what your friends thought of this book,This book is not yet featured on Listopia.There are no discussion topics on this book yet. Both GST and duty are payable for dutiable goods if these goods are imported for local consumption. If the item is subject to control, the name of the CA will be indicated next to its HS code. You may check directly with the respective CAs on their licensing requirements. Please note our classification rulings are only applicable for use within Singapore. If you do not maintain an IBG with Singapore Customs, the duties and GST will be deducted from your Declaring Agent’s IBG. To do so, you will need to register as a Declaring Agent and apply for a TradeNet user ID. You should ensure the validity of the permit presented for goods clearance. For imports of containerised cargo, the container number and shipper seal number are required when applying for a permit. You are required to produce these supporting documents to Singapore Customs upon request. More than 99 of all imports into Singapore enter the country duty-free.http://www.96stone.ru/userfiles/datalogic-qs6000-manual.xml
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For dutiable goods, the taxable value for GST is calculated based on the CIF (Cost, Insurance and Freight) value plus all duties and other charges. In the case of non-dutiable goods, GST will be based on the CIF value plus any commission and other incidental charges whether or not shown on the invoice. If the goods are dutiable, the GST will be collected simultaneously with the duties. Special provisions pertain to goods stored in licensed warehouses and free trade zones. See and for more information. Singapore maintains a tiered motorcycle operator licensing system based on engine displacement, which, along with a road tax based on engine size, adversely affects U.S. exports of large motorcycles. In 2017, Singapore further discouraged motorcycle imports by introducing a tiered system of additional registration fees, which serve as a de facto additional tax on motorcycles and significantly increases their price.Details can be found in the USTR Report on Foreign Trade Barriers that is available online. This has generated several ongoing trade barriers issues- mostly SPS - with the United States. AVA requires health certification for a wide range of uncooked meats, poultry and shellfish; food inspectors regularly pull samples off the shelves of retail stores for laboratory testing of preservative and additives; and all meat imports are visually inspected and subjected to regular testing for a range of food hazards such as chemical contaminants (e.g. pesticide residues and drug residues such as antibiotics), and microbial contaminants (e.g. harmful bacteria such as E. Coli, Salmonella and Listeria). Regarding Pathogen Reduction Treatments (PRTs), AVA now allows nine instead of eight out of the 41 antimicrobial washes currently allowed in the United States. FAS Singapore is working on approval of additional PRTs into Singapore. The Trichinella testing is both expensive and time consuming, and thus creates a barrier to international trade.http://leeharringtonhomes.com/userfiles/datalogic-qs6500bt-manual.xmlAs of June 2015, these include bone-in, fillets and a diverse variety of processed beef products. Prior to this, Singapore restricted U.S. beef to only boneless beef from cattle less than 30 months of age. The U.S. was officially categorized by the World Organization for Animal Health (OIE) as negligible risk for BSE in 2013. For beef offal and processed products, added requirements and some restrictions still apply; and thus, establishments are required to register and send pre-approval documentation to AVA first prior to export.Singapore is an open economy and encourages trade and investment into the country. The Singaporean government procurement system is considered by many American firms to be fair and transparent. However, some U.S. and local firms have expressed concerns that government-owned and government-linked companies (GLCs) may receive preferential treatment in the government procurement process. Singapore denies that it gives any preferences to GLCs or that GLCs give preferences to other GLCs. Procurement recommendations are made at the technical level and then forwarded to management for concurrence. Bidders should work closely with the project manager to determine the relative importance of decision criteria such as technical capability and price. Bidders must meet the specifications set out in the tender. Post mortem hearings or meetings for losing bidders are not required or common. Government procurement regulations are contained in Instruction Manual 3, available from the Ministry of Finance. The Singapore Government also advertises its tenders on its website. All imports require an import permit although this is largely a statistical requirement for most goods. Details can be found at In addition, no permit is required for their import.https://www.becompta.be/emploi/boss-dd-5-service-manual-0 Bona fide trade samples (excluding liquors and tobacco) may be imported for the following purposes: solely for the purpose of soliciting orders for goods to be supplied from abroad; for demonstration in Singapore to enable manufacturers in Singapore to produce such articles to fulfill orders from abroad or by a manufacturer for the purpose of copying; and for testing or experimenting before producing such articles in Singapore. More information can be found at The onus of applying for a product license rests with the license holder, i.e., a locally registered company that is responsible for the safety, quality and efficacy of the product. If U.S. companies have concerns regarding product licensing, they should contact the Health Sciences Authority ( ) or ask a potential distributor to submit samples to the Health Sciences Authority. Singapore is a major transshipment hub for the Asian market. While many items may not initially require an export license, exporters need to be aware that more than half of items exported to Singapore are re-exported to third countries that may have more stringent licensing requirements that require additional export licenses. For example, the U.S. Department of State has authority over defense articles and defense services. A list of agencies involved in export controls can be found at www.bis.doc.gov or in Supplement No. 3 Part 730 of the EAR which is available on BI Website at www.gpo.gov. If you have any questions or would like information on export controls, please contact our Regional Export Control Officer at. To find out more about Export Control Reform, please visit The United States also participates in various multilateral export control regimes to prevent the proliferation of weapons of mass destruction and prevent destabilizing accumulations of conventional weapons and related material. The U.S. Department of Commerce’s Bureau of Industry and Security (BIS) administers U.S.https://domoticaaplicada.com/images/0411-mos-manual.pdf laws, regulations and policies governing the export and reexport of commodities, software, and technology (collectively “items”) falling under the jurisdiction of the Export Administration Regulations (EAR). The primary goal of BIS is to advance national security, foreign policy, and economic objectives by ensuring an effective export control and treaty compliance system and promoting continued U.S. strategic technology leadership. BIS also enforces anti-boycott laws and coordinates with U.S. agencies and other countries on export control, nonproliferation and strategic trade issues. Through its Office of Exporter Services, Export Administration also provides information on BIS programs, conducts seminars on complying with the EAR, provides guidance on licensing requirements and procedures, and presents an annual Update Conference on Export Controls and Policy as an outreach program to industry. EA’s Office of Technology Evaluation analyzes U.S. export data on items subject to the EAR, BIS license application data, and global trade information to assess data trends. OTE’s data portal provides excerpts from statistical reports, along with data sets to enable the public to perform analyses of exports and licensing on its own. If necessary, a commodity classification request may be submitted in order to obtain BIS assistance in determining how an item is controlled (i.e., the item’s classification) and the applicable licensing policy. Exporters may also request a written advisory opinion from BIS about application of the EAR to a specific situation. Information on commodity classifications, advisory opinions, and export licenses can be obtained through the BIS website at www.bis.doc.gov or by contacting the Office of Exporter Services at the following numbers: These sessions range from one to two day seminars and focus on the basics of exporting as well as more advanced topics. A list of upcoming seminars can be found here. For example, the U.S. Department of State’s Directorate of Defense Trade Controls has authority over defense articles and services. A list of other agencies involved in export control can be found on the BIS Website or in Supplement No. 3 to Part 730 of the EAR, which is available on the Government Printing Office Website. The temporary imports are covered by a Customs Inward Permit or a Carnet. Goods temporarily imported must be re-exported within the prescribed period using a Customs Outward permit. GST has to be paid if the goods are not subsequently re-exported. The procedures governing such importation can be found at When the exhibitor arrives in Singapore, the carnet must be produced together with the goods to Customs at the entry point for verification and endorsement. When goods covered by a carnet are taken out of Singapore, the foreign exhibitor must produce the carnet together with the goods to Customs at the exit point for verification and endorsement. GST will be recovered from the carnet holder on any item that is unaccounted for.Illustrations must accurately describe the true nature or origin of the food. Foods having defined standards must be labeled to conform to those standards and be free from added foreign substances. Packages of food described as “enriched”, “fortified”, “vitaminized” or in any other way that implies that the article contains added vitamins or minerals must show the quantity of vitamins or minerals added per metric unit. More information can be found at the website of the Agri-Food and Veterinary Authority of Singapore. Administrative labeling requirements are not statutory requirements and are specified in the Health Sciences Authority’s Guidance on Medicinal Product Registration in Singapore. Compliance is checked during the product registration process, prior to granting of marketing approval. For legal labeling requirements, these are stipulated in the legislation related to medicinal products regulation in Singapore and are subject to the Health Sciences Authority’s surveillance program. The labeling requirements include the name of the active ingredient, quantitative particulars, product license number and name and address of the dealer. More information may be found in Chapter 176 Section 44 of the Medicines Act. The “SAFETY Mark” helps consumers to identify registered Controlled Goods. All registered Controlled Goods must be tested to specific international and national safety standards and certified safe by designated product certification bodies. The products are individually marked with the “SAFETY Mark” either on the product or the packaging. The “SAFETY Mark” is unique and traceable to the registrant and the registered models. More information on the registration for the SAFETY Mark can be obtained from via Enterprise Singapore. Such consumer goods include toys, children’s products, apparel and furniture. These regulations bring the safety of Singapore’s consumer goods in line with internationally accepted standards. There is no approval needed from the Safety Authority. The authority carries out regular market surveillance to protect consumers against unsafe consumer goods. In Singapore, all weighing and measuring instruments used for trade purposes (like price computing scales in supermarkets, baggage weighing machines at airports and seaports as well as fuel dispensers at petrol stations) are regulated under the Singapore Weights and Measures Act and Regulations. Before an ACCURACY Label can be affixed on the instrument, it will first need to be pattern registered with Enterprise Singapore. Thereafter, every individual weighing or measuring instrument will need to be verified fit for trade use and affixed with a tamper-proof seal and the ACCURACY Label by Enterprise Singapore-appointed Authorized Verifiers (AVs). More information on the ACCURACY Label can be obtained from Enterprise Singapore. The import of items such as lighters in the shape of pistols or revolvers, firecrackers, handcuffs, shell casings, and silencers is prohibited. A full list of prohibited products and controlled goods and their corresponding controlling agencies can be obtained from the Singapore Customs website at Selected items are subjected to controls on exports of goods from Singapore. Items such as rubber, timber, granite, satellite dishes and receivers, and chlorofluorocarbons are subjected to export control and licensing. Items under export control must be endorsed or licensed by the appropriate government agencies before they can be exported. More information may be obtained at. The STS comprises 3 tiers whereby the level of facilitation and flexibility accorded to a company will be contingent upon the quality of their internal export control compliance program. More information may be obtained at. The primary basis for customs value is the transaction value of the imported goods when sold for export to Singapore. Where goods are dutiable, ad valorem or specific rates may be applied. An ad valorem rate, which is most commonly applied, is a percentage of the Customs value of the imported goods. A specific rate is a specified amount per unit of weight of other quantity. Exporters are required to ensure that the declared values of goods have not been undervalued or the Customs and Excise Department will increase the values declared. Severe penalties may be imposed on traders attempting to evade duty. The eight FTZs are Brani Terminal, Keppel Distripark, Pasir Panjang Terminal, Sembawang Wharves, Tanjong Pagar Terminal, Keppel Terminal, Jurong Port, Airport Logistics Park of Singapore and the Changi Airport Cargo Terminal Complex. They provide a wide range of facilities and services for storage and re-export of dutiable and controlled goods. Goods can be stored within the zones without any customs documentation until they are released in the market and they can also be processed and re-exported with minimum customs formalities. More information can be found at. GST is not payable on supply made in FTZ if the goods supplied are meant for transshipment or re-export. Some of the more popular ones are located close to the port and within easy reach of the airport and the Jurong industrial hub. These include the Tanjong Pagar, Alexandra and Pasir Panjang distriparks which are home to many established multinationals. The distriparks, in varying designs and sizes cater to Central Distribution Center operators, manufacturers, traders, freight forwarders and others. The Singapore Customs website maintains a list. We work with committed companies to build capabilities, innovate and internationalize. We also support the growth of Singapore as a hub for global trading and start-ups. This ecosystem enables enterprises to become more efficient, productive and globally competitive. This ecosystem is a key pillar of Singapore’s future economy helping to transform industries, support emerging areas, enable internationalization and promote good jobs and skills. By adopting the internationally-benchmarked BE framework, organizations achieve key certification milestones and can also vie for the prestigious BE awards. We publish Singapore Standards by announcement in the Government Gazette. Enterprise Singapore is a member body of the International Organization for Standardization (ISO) and also a member body of the International Electrotechnical Commission (IEC) through the Singapore National Committee of the IEC. To strengthen its linkages with industry, the Council comprises standards partners or experts from the private and public sectors. The Standards Council approves the publication and withdrawal of Singapore Standards (SS) and Technical References. It also oversees Singapore’s participation in the development or monitoring of ISO and IEC international standards that are important to Singapore. More information can be obtained at SSs are developed when there are no suitable international standards. Where relevant, we will also adopt standards developed by regional organizations such as the European Committee for Standardization, standards developed by national standards bodies such as the British Standards Institution and standards developed by other standards development organizations such as ASTM (Amercian Society for Testing Materials) International. Operating under Enterprise Singapore, SAC builds trust in Singapore products and services by strengthening Singapore’s technical infrastructure for conformity assessments (testing, calibration, inspection and certification) and forging mutual recognition agreements (MRAs) with our economic partners. These include: In January 2010, Singapore became a Mutual Acceptance of Data (MAD) adherent member of the Organization for Economic Cooperation and Development (OECD). This means that GLP studies conducted in Singapore for the health and safety assessment of chemicals will be accepted in more than 30 OECD and non-OECD member countries. The MRA provides for direct entry of telecommunications into either market without the need for additional testing and certification. Under the Asian Pacific Economic Cooperation (APEC) Telecommunications MRA implemented between the U.S. and Singapore, products can be tested and certified in the United States for conformance with Singapore's technical requirements. A list of the recognized U.S. testing and certification agencies can be found at: A list of these agencies can be found on www.sgdi.gov.sg Users receive customized e-mail alerts when new notifications are added by selected country(ies) and industry sector(s) of interest, and can also request full texts of regulations. This service and its associated web site are managed and operated by the USA WTO TBT Inquiry Point housed within the National Institute of Standards and Technology, part of the U.S. Department of Commerce. As a member of the WTO, Singapore believes that the WTO can provide a stable framework for developing sound multilateral rules that ensure that goods and services can flow freely with minimum impediment. The primary objective of Singapore’s trade policy is to guard its trading interest by ensuring a free and open international trading environment. It has actively pursued a number of legally binding arrangements with trading partners. ASEAN is preparing a roadmap for an ASEAN Economic Community by 2020 that aims to create a single enlarged market of 600 million people. Singapore also has many bilateral and regional FTAs including with Australia, China, Costa Rica, India, Japan, Jordan, South Korea, Panama, Peru, Sri Lanka and Turkey. Singapore is a participant in the Regional Comprehensive Economic Partnership regional trade negotiations, which include the ten Association of Southeast Asian Nations (ASEAN) countries plus Australia, China, Japan, Korea, India and New Zealand, and it is also a participant in the 11-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership. Singapore has also concluded an FTA with the European Union which has yet to be entered into force. Its strategic location in the very center of Southeast Asia, its extensive air and sea links to facilitate inter-regional and global trade have led to its emergence as a major trade hub in the global supply chain. It now ranks as the 14th largest exporter and the 15th largest importer in the world. So if you plan to conduct an import or export business activity, Singapore will be a perfect jurisdiction for incorporating such a venture. These are: In fact, nearly 30 percent of all Asian trading is conducted through Singapore. Singapore has one of the best infrastructures among the world’s top cities, according to the Mercer Quality of Living study. This small state is served by a network of 3,122 kilometers (1,940 miles) of highways, 99 percent of which are paved. The country is ranked second in the Ease of Doing Business global rankings. Singapore’s liberal attitude towards the import and export of goods, ease of company setup, and minimal bureaucratic hurdles contribute to this ranking. Income tax rates are competitive for both companies (17) and individuals (the tax rate is capped at 22 and most payers pay a significantly lower rate). To boot, numerous tax relief schemes are available. Singapore has concluded more than 70 avoidance of double taxation agreements, which further simplifies international trade by eliminating double taxation. Singapore’s financial system is tightly integrated into international financial markets. It has more than 500 world-class financial institutions. The country provides for 25-35 of trade finance for commodities trading in Asia. It is a rule-following country where contracts are respected and enforced. Nepotism is non-existent. Yet, the labour remuneration in the country is relatively low. The company registrar in Singapore is called Accounting and Corporate Regulatory Authority (ACRA) which is the national regulator of business entities in Singapore. The procedure is similar to incorporating any other enterprise — it’s fast and hassle-free. The most suitable form for a trading enterprise is a private limited company. Foreigners are required to work with a Singapore-based corporate services provider, such as our firm CorporateServices.com, to incorporate their company. All government agencies identify a company by their UEN which makes it very easy for intra-agency communication and integration. Let's get started. EASIER, FASTER, BETTER. Note that your company must follow the relevant import or export regulations described below to be in compliance with the laws. This service is free and usually can be completed within the same working day. Your corporate service provider can take care of these tasks for you. Such an account allows you to make payments directly from your bank account to Singapore Customs. The application for the IBG is submitted to the Customs department. Again, your corporate service provider can provide this service for you. Situations when a security is required include import of goods that involve dutiable goods, temporary import of goods for approved purposes, and to operate licensed premises such as licensed warehouses and excise factories. A Banker’s Guarantee, Finance Company Guarantee, or an Insurance Bond may be used for this purpose. The amount of security required for a permit application depends on the type of goods and their trade movement; you can find these details on the Customs website. The Customs may also require security to be furnished for situations not mentioned above, or vary the amount on a case-by-case assessment. As an importer, you may register yourself as a declaring agent or appoint a declaring agent to act on your behalf. Permit applications are submitted by the declaring agent online through the TradeNet online system and can be submitted by your corporate service provider. These require an additional permit from Competent Authorities (CA) before they may be imported into Singapore. In each case you should apply to the relevant CA. A non-exhaustive list of such goods and relevant CAs appears below. If the item is subject to control, you may check directly with the respective CAs on their licensing requirements. The appropriate documents must be submitted at an entry point — the main document is a printed copy of the approved customs permit. Supporting documents may include the invoice, the packing list, and the bill of lading or air waybill. See the full list in the Regulation of Imports and Exports Regulations. You should follow the steps described below. All of these tasks can be performed by your corporate services provider. You may register yourself as a declaring agent or appoint a declaring agent to act on your behalf. The appropriate permit applications are submitted online through the TradeNet system. Again, your corporate service provider can assist you with these tasks. If you plan to export Strategic Goods, you will have to apply for a Strategic Goods Control Permit through the TradeNet system. You may find the full list in the Strategic Goods (Control) Order. You must also provide your permit number. The term “transhipment” is also used for this concept. Accordingly you will be required to account for the movement of your goods while they are being transited through Singapore. This service is free and can usually be completed within the same working day. In addition, your company must be registered as a transhipment agent. Take note that for this purpose your business must originally be registered with ACRA as a shipping agent, air cargo agent or freight forwarder. Once the registration has been approved, your entity will be able to proceed to the next steps necessary to submit applications for obtaining the main transiting document — the transhipment permit. The procedure is the same as described in the exporting and importing sections. If necessary, apply for the relevant permits to the Competent authorities. The procedure is similar to those described above for importing goods. You may also find the security amount and other details on the Singapore Customs page. For instance, when transhipping goods from one Free Trade Zone (FTZ) to another FTZ, you need a Through Transhipment with Inter-Gateway Movement permit; when transhipping controlled goods within the same FTZ, you must apply for a Through Transhipment within the same FTZ permit; etc.These cases apply to situations where goods are brought into, out, or through the territory of Singapore. When your Singapore-incorporated company intends to trade abroad, to transit goods through the territories of third states, these cases will be regulated by the legislation of those countries. Usually you are to choose between incorporating a subsidiary company, working through a representative office or other legal form provided by the relevant national laws. The GST is charged at the rate of 7 percent of the cost, insurance, and freight (CIF) value. GST is administered by the Inland Revenue Authority of Singapore (IRAS) and collected by Singapore Customs. It authorises Singapore Customs to make direct deductions from your bank account. All goods including dutiable ones can be stored in the FTZs except for liquors and cigarettes. However commodities that arrive by rail and road can not be deposited into FTZs and are subject to duties and taxes. The non-designated areas of the same warehouse premises may be used to store other goods such as duty-paid goods. This will ensure timely payment, access to world-class banking services for trade, and reliable savings of your funds. Given the large number of commercial banks in Singapore, companies have many options to open an account. CorporateServices.com has created a panel of reliable partner banks — which includes DBS Bank, OCBC Bank, UOB, Standard Chartered, Citibank, HSBC — where you can open an account with ease. Please find the necessary information for opening a corporate bank account here. The most common types of business loans are: Repayable via equal monthly installments typically between 3 to 5 years. This is a banking service where a buyer’s bank guarantees that a buyer's payment to a seller will be received on time and for the correct amount. In the event when the buyer is unable to make a payment, the bank will be required to cover the full or remaining amount of the purchase.