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What are the costs that should be factored in the declared value of goods that were sent overseas for processing and re-imported back to Singapore for GST computation purposes?

Updated by CUSTOMS

The value to be declared for GST computation of goods that were sent overseas for processing and re-imported back to Singapore should include the following:

  • The value of the materials;
  • The processing cost (e.g. the workmanship cost to transform the materials into a new product); and
  • The freight and insurance charges incurred in the re-importation of the goods back to Singapore.

Topics:

Valuation, Duties, Taxes & FeesEstablishing Customs Values for Imports

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