The Apex Licence is a premium licence designed for warehouse licensees with diverse business operations and are able to track, trace and account for inventories across different locations through the deployment of a single computerized inventory system. With the Apex Licence, a licensee will no longer be required to take up multiple licenses for different operations. For example, a single Apex Licence will be able to cover both the storage of non-dutiable goods under the Zero-GST Warehouse Scheme as well as dutiable goods under the Licensed Warehouse Scheme.
Assessment of an applicant would include business continuity/financial stability, adherence to procedures/segregation of duties, system transparency/accountability, adoption of security measures and compliance history.
An Apex Licensee would be able to enjoy the following:
Savings in licence fees
Simplified documentation requirement
Lesser reporting
Greater flexibility in business operations
The fee for Apex Licence is pegged to the highest of the fee of any of the individual licences which a company will have to separately pay for operating different business activities. For example, if a company is paying $4,000 for a licence to store dutiable goods and $2,500 for storage of non-dutiable goods, the fee for the Apex License will be $4,000.
Please approach your Account Manager if you are interested to apply or if you would like to have more information about the Apex Licence.