Can freight forwarder use IATA freight charge to derive the CIF value instead of using actual freight rate?
Trader may use the flat rates provided by Singapore Customs for freight and insurace to compute the customs value of imports only when the actual freight charge and insurance charges are not known to the importer at the time of import. The flat rates can be found on our website.
Related questions
How should I declare the customs value for importation of goods if insurance was not purchased?
What customs value should I declare for my import permit application? The invoice shows Free on Board (FOB) incoterm.
The incoterm CPT was shown in the invoice but I was not able to find the incoterm in the invoice declaration screen. Which incoterm should I declare?
An importer intends to hand-carry goods via Changi Airport but his invoice only shows the value of the goods without insurance and freight charges. How would the GST be computed?
Need more help?
Get in touch