40 questions
Establishing Customs Values for Imports
The incoterms DAT/DAP/DDP/DDU/DAF/DES/DEQ were shown in the invoice but I was not able to find the incoterms in the invoice declaration screen. Which incoterm should I declare to derive the Cost, Insurance and Freight (CIF)?
The commercial invoice shows an amount in the currency of exportation (USD) and the settlement is to be made in SGD using a fixed exchange rate. Is that okay?
I have been offered a quantity discount of 10% by my supplier. Should the discount be reflected in the Customs value?
An importer buys a machine from a foreign manufacturer at S$20,000. A cash discount of 5% is granted if payment is made within 10 days after the date of sale. At the point of importation, payment has not been made. What is the Customs value, S$20,000 or S$19,000?
I wish to import an IT hardware that comes with a pre-installed software which was licensed legally. What value should I declare in the permit?
Is confectionery (chocolates and cheesecake) containing alcohol deemed as a dutiable good?
The commercial invoice shows an amount in the currency of exportation (USD) but the settlement is to be made in EUR using a fixed exchange rate. Which foreign currency amount should be converted to SGD?
I received a discount for my online purchase. Do I have to pay GST for the original value of the purchase before discount?
I imported goods into Singapore. The invoice was issued by the shipper's sister company in Singapore. Should GST be excluded from the Cost, Insurance and Freight (CIF) value?
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