Are there any Customs schemes where the GST on imported goods meant for re-export is suspended?
The Zero-GST Warehouse Scheme (ZGS) allows approved companies to store imported non-dutiable goods for an indefinite period of time in a designated area licensed by Singapore Customs, with the Goods and Services Tax (GST) suspended. This designated area is termed as licensed premises.
GST is payable when these goods are removed from the Zero-GST warehouse for local use or consumption. GST is not payable when these goods are removed for export, or when supply or sale of these goods takes place while they are in the warehouse.
Related questions
What is a Zero-GST Warehouse Scheme (ZGS)?
What are the required procedures for the exportation of goods from a Zero-GST warehouse to a Free Trade Zone (FTZ)?
Can locally-acquired goods be stored in a Zero-GST area to enjoy GST suspension?
What is the difference between the Major Exporter Scheme (MES) and Zero-GST Warehouse Scheme (ZGS)?
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