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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Accepted Answer

The amount of security that your entity is recommended to lodge is based on your entity's transactions with Singapore Customs requiring security and its compliance records.

For more information on the security amount required for permit applications, please refer to the Customs website.

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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