An importer paid a foreign manufacturer S$30,000 for a machine. Will the discount of 15% for early payment be applied to the Customs value to be declared in the permit?

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Accepted Answer

The discount of 15% would only be given if the payment was made early (within the stipulated period).

Since the condition was not met, the original value of S$30,000 would be the Customs value to be declared at the point of importation.

An importer paid a foreign manufacturer S$30,000 for a machine. Will the discount of 15% for early payment be applied to the Customs value to be declared in the permit?

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