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  1. www.customs.gov.sg › customs-exchange-ratesExchange Rates - CUSTOMS

    Learn how to convert foreign currencies to Singapore Dollars for customs valuation using the prevailing selling rate on the date of import approval or assessment. Find the weekly average exchange rates published by the Monetary Authority of Singapore or other reputable sources.

  2. Feb 26, 2020 · Find the exchange rates of Singapore dollar against other currencies on the official website of the Monetary Authority of Singapore. Select the currency, start and end dates, and frequency to download or print the list of rates.

  3. Travellers may use the Customs@SG Web application via our eServices (www.customs.gov.sg/services) to make advance declarations and tax payments. For immigration requirements, visit the ICA website (https://safetravel.ica.gov.sg/).

    • Transaction Value Method
    • Conditions For Transaction Value Method
    • Other valuation Methods

    The transaction value method is first considered in establishing the customs value, which is the Cost, Insurance, and Freight (CIF) value^ under International Commercial Terms (incoterms). To establish the customs value using this method, all other charges incidental to the sale and delivery of the imports must be added to the transaction value or ...

    Using the transaction value method by Singapore Customs is subject to these conditions: 1. There must be evidence of a sale. Such evidence may be in the form of commercial invoices, sale contracts, purchase orders, etc 2. There must not be restrictions on the use of the goods by the buyer 3. The sale or price is not subject to conditions for which ...

    If the transaction value method cannot be used, the following alternatives will be used to determine the customs value: 1. Identical or similar goods value - the transaction value of identical or similar goods sold for export to Singapore 2. Deductive value - the sale price of the goods in Singapore, adjusted for costs incurred after shipment 3. Co...

  4. www.customs.gov.sg › businesses › valuation-duties-taxes-andDuties and Dutiable Goods - CUSTOMS

    Excise duty is duty levied on goods manufactured in, or imported into, Singapore. The duties are based on ad valorem or specific rates. An ad valorem rate is a percentage of the goods’ customs value (for example, 20% of the customs value).

  5. Flat Rates for Freight & Insurance. Traders may use the flat rates provided by Singapore Customs for freight and insurance to compute the customs value of imports: For transaction values quoted in Free On Board (FOB) International Commercial Terms (incoterms)^ and,

  6. Complete the Valuation and Customs Exchange Rate form to get assistance and submit documents.

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