Schwester Maria
Search results
All goods for import, export, and transhipment require a Harmonised System (HS) code, which is used by Customs Authorities for international trade. Find out more about HS and its classification. Application for Customs Ruling on HS Classification of Goods
Import Procedures. All goods imported into Singapore are regulated under the Customs Act, the Goods and Services Tax (GST) Act and the Regulation of Imports and Exports Act. Imported goods are subject to GST and/or duty payment. A customs permit is required to account for the import and tax payment of the goods.
DGFT is responsible for formulating and implementing the Foreign Trade Policy with the main objective of promoting India?s exports. In our committment to same, we strive to provide educational videos to traders and new comers to help them in setting up import export enterprises.
- Imports
- How to Import Your Goods?
- Step 1: Register For UEN and Activate Customs Account
- Step 2: Check If Your Goods Are Controlled
- Step 3: Apply For Inter-Bank Giro
- Step 4: Furnish Security
- Step 5: Obtain Customs Import Permit
- Step 6: Prepare Documents For Cargo Clearance
- Step 7: Retain Your Trade Documents
An import refers to goods brought into customs territory from an entry point or a free trade zone (FTZ), or overseas goods brought into a free trade zone for storage and pending re-export. To import goods into Singapore, you are required to make a declaration to Singapore Customs. Goods and Services Tax (GST) is payable on non-dutiable goods. Both ...
General Import Flow Chart As an importer, you will need to first determine if duty and/or GST payment should be madewhen your goods enter Singapore: 1. Duty and/or GST are suspended when goods remain inside a FTZ 2. Duty and/or GST are payable if goods are released directly for local circulation 3. When goods are moved from a FTZ or entry point int...
An entity that intends to: 1. Engage in import or export activities in Singapore, or 2. Obtain import, export and transhipment permits or certificates will need to: 1. Register with the Accounting and Corporate Regulatory Authority (ACRA) or the relevant Unique Entity Number(UEN) issuance agency to obtain a UEN; and 2. Activate its Customs Account
Do check if the goods you intend to import are controlled goods or goods subject to restrictions by Competent Authorities (CAs) in Singapore. You may searchusing the description of the goods, Harmonized System (HS) code or CA product code. If the item is subject to control, the name of the CA will be indicated next to its HS code. You may check dir...
You or your Declaring Agent must maintain an Inter-Bank GIRO (IBG) with Singapore Customs to make payment of duties, taxes, fees, penalties and other charges on services offered by Singapore Custom from your bank account to Singapore Customs directly. Mail the completed Application for Inter-Bank GIRO formto Singapore Customs’ address as indicated ...
You are required to furnish security for transactions involving dutiable goods, temporary import of goods for approved purposes, and for the operation of licensed premises such as licensed warehouses and excise factories. The security furnished should be in the form of a Banker’s Guarantee, Finance Company Guarantee or an Insurance Bond. Please see...
You may: 1. Appoint a Declaring Agentto obtain customs permits on your behalf; or 2. Obtain customs permits for your own or on behalf of your clients. To do so, you will need to register as a Declaring Agent and apply for a TradeNet user ID. All permit applications must be submitted via TradeNet, which is accessible through: 1. TradeNet front-end s...
Approved permits applications are issued with a validity period. You should ensure the validity of the permit presented for goods clearance. For imports of containerised cargo, the container number and shipper seal number are required when applying for a permit. a) Documents Required for Containerised Cargo For import of containerised cargo by sea,...
Generally, you are required to retain the relevant supporting documents relating to the purchase, import, sale or export of the goods for a period of 5 years from the date of the permit application approval. These documents can be stored as physical hardcopies or as images. You are required to produce these supporting documents to Singapore Customs...
Obtain import, export and transhipment permits or certificates; Step 2: Check if your goods are controlled. Do check if the goods you intend to export are controlled goods subject to restrictions by Competent Authorities (CAs) in Singapore. You may search using the description of the goods, Harmonized System (HS) code or CA product code.
- Dinesh Dayani
- What Government Support Is Available For An Import-Export Business In Singapore? For younger trading companies, there are various government grants and platforms you can tap on.
- How To Start An Import-Export Business In Singapore? Just like starting any other business in Singapore – whether it’s an import-export outfit or not – the first step is to incorporate a business entity with ACRA.
- You Need To Activate Your Customs Account. Before importing or exporting in Singapore, you need to activate a Customs Account with a Unique Entity Number (UEN).
- Paying GST and Excise Duty. Mainly for import businesses, you will have to pay Goods and Service Tax (GST) of 8% and excise duties on dutiable goods (effective 2023).
PRELIMINARY. 1. These Regulations may be cited as the Regulation of Imports and Exports Regulations. 2. In these Regulations, unless the context otherwise requires —. “undelivered goods” means goods intended for delivery to a consignee in Singapore which remains undelivered at the time the manifest is due for submission under regulation 12.
