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How do I declare the exchange rate in a short payment permit application if the invoice is in foreign currency?


Updated by CUSTOMS

If the transacted amount on the invoice is in a foreign currency, please use the options below to derive the amount short-paid in Singapore dollars:

  1. The Customs exchange rate on the date the initial In-Payment permit was approved, or
  2. The selling rate quoted by a commercial bank on the date the initial In-Payment permit was approved for a foreign currency not listed in the Customs exchange rate

For more information on how to apply for a Short-Payment permit, please refer here.

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