40 questions
Establishing Customs Values for Imports
The commercial invoice shows an amount in the currency of exportation (USD) and the settlement is to be made in SGD using a fixed exchange rate. Is that okay?
The incoterms DAT/DAP/DDP/DDU/DAF/DES/DEQ were shown in the invoice but I was not able to find the incoterms in the invoice declaration screen. Which incoterm should I declare to derive the Cost, Insurance and Freight (CIF)?
I have been offered a quantity discount of 10% by my supplier. Should the discount be reflected in the Customs value?
Can freight forwarder use IATA freight charge to derive the CIF value instead of using actual freight rate?
An importer buys a machine from a foreign manufacturer at S$20,000. A cash discount of 5% is granted if payment is made within 10 days after the date of sale. At the point of importation, payment has not been made. What is the Customs value, S$20,000 or S$19,000?
I wish to import an IT hardware that comes with a pre-installed software which was licensed legally. What value should I declare in the permit?
Is confectionery (chocolates and cheesecake) containing alcohol deemed as a dutiable good?
The commercial invoice shows an amount in the currency of exportation (USD) but the settlement is to be made in EUR using a fixed exchange rate. Which foreign currency amount should be converted to SGD?
I received a discount for my online purchase. Do I have to pay GST for the original value of the purchase before discount?
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