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Open Market Value (OMV) The OMV of a vehicle is basically the price paid or payable when a vehicle is imported into Singapore. This is assessed by the Singapore Customs and includes purchase price, freight, insurance and all other charges incidental to the sale and delivery of the car to Singapore.
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The OMV is the cost of a vehicle imported into Singapore. It is assessed by the Singapore Customs, taking into account the purchase price, freight, insurance and all other sale and delivery charges for importing the vehicle to Singapore.
Feb 26, 2013 · What is OMV? The OMV of your vehicle is the price payable when it is first imported into Singapore. It's the actual price of your vehicle before all taxes and other surcharges (and there are many) - like COE, GST, registration fee and the dealer's profit margins - are added in.
OMV stands for Open Market Value. OMV is assessed by the Singapore Customs, based on the price actually paid or payable for the goods when sold for export to the country of importation. The Additional Registration Fee (ARF) is a tax imposed upon registration of a vehicle.
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What is OMV? The listed OMV value is that of the first registration date of the vehicle. OMV stands for Open Market Value. OMV is assessed by the Singapore Customs, based on the price actually paid or payable for the goods when sold for export to the country of importation.
