The importation of Investment Precious Metals (IPMs) into Singapore for commercial or personal use is exempted from Goods and Services Tax (GST).

Importation of IPMs by air freight, of a total Cost, Insurance and Freight (CIF) value not exceeding S$400, does not require a Customs Permit. The importation of IPMs by air freight, of CIF value exceeding S$400 will require a Customs Permit. For importation of IPMs by other freight modes will require a Customs Permit regardless of the IPM value.

For importation of IPMs by parcel post, no Customs permit is required.

All importation of IPMs by hand-carry, for commercial purposes, requires a Customs permit. A Customs permit is not required for hand-carry IPMs for personal use with total weight not exceeding 500g. A Customs permit is required for importation of IPMs for personal use with total weight exceeding 500g.