Can I put up fixed deposits as a form of security with Singapore Customs?
Singapore Customs does not accept fixed deposits as a form of security. Your entity can lodge security in the form of a Banker's Guarantee, Finance Company Guarantee or an Insurance Bond.
Related questions
What other forms of security does Singapore Customs accept besides banker's guarantees and insurance bonds?
My entity has lodged a security (in the form of a Banker's Guarantee, Finance Company Guarantee or an Insurance Bond) with Singapore Customs this year but was not required to do so next year. Why is it so?
Does Customs accept a photocopy or fax copy of the security lodgement?
How does Singapore Customs determine the amount of security (in the form of a Banker's Guarantee, Finance Company Guarantee or an Insurance Bond) that my entity has to lodge?
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