This section explains the various Petroleum Licences available, how to apply for the licence(s), and the obligations of a licensee.
There are 3 categories. These are:
All activities concerned with the refining and production of oil must be carried out at an approved refinery.
Dutiable petroleum products refined or imported may be stored in a Licensed Warehouse under duty & GST suspension.
Non-dutiable petroleum or petrochemicals refined or imported may be stored in a Bonded Warehouse under GST suspension.
Licensed or Bonded Warehouse may be operated by the owners of the goods or by service warehouse operators who take responsibility for the security and proper control of the warehoused petroleum/petrochemicals.
You may apply for a licence to operate a licensed warehouse by e-filing here.
To aid us in the assessment of your application, you many submit the following documents to Schemes & Licensing Branch, Singapore Customs, 55 Newton Road #07-01, Singapore 307987:
- Two copies of the site plan and the lay out of the intended licensed premise/tanks.
- TradeFIRST Self-Assessment Checklist (DOC 284kb).
- Application for Inter-Bank GIRO (DOC 327kb). You need not submit this form if you already has an IBG account with Singapore Customs.
- Authorisation of Declaring Agent(s) for Licensed Premise (DOC 305kb).
- Your organisation chart showing staff involved in the operations. The chart should show the full names and responsibilities of the staff.
- Your latest year-end audited financial statement, if any.
- Your installation procedural manual on:
- the handling of in-bound cargoes (from receipt of customers'/supplier's instructions, to receipt of the goods into the warehouse and the updating of stock records);
- the handling of out-bound cargoes (from receipt of delivery instructions from your customers, to the point when your stock records are updated);
- stock-taking;
- discrepancy reporting; and
- other controls in place to ensure that the records are updated and accurate.
Your procedural manual should include step-by-step details of the tasks performed by your staff and the documents prepared/generated in the process.
On receipt of your application, our officers will contact you for a meeting to have a better understanding of your operations. Please take this opportunity to raise queries or to clarify your doubts.
A site inspection may also be arranged to ensure that the necessary physical security are in place.
An annual licence fee is payable upon issue of the licence.
The annual licence fee payable is as follows:
| Refinery |
To refine and treat petroleum |
$75,000.00 |
| Licensed Warehouse |
To warehouse, mix, blend or otherwise vary dutiable petroleum products |
$40,000.00 |
| Bonded Warehouse |
To warehouse, mix, blend or otherwise vary non-dutiable petroleum products |
$30,000.00 | |
A Bank Guarantee may be imposed based on the projected potential duty/GST of good that can be warehoused at any one time in the intended licensed premises.
As an approved licensee, you must comply with the following:
- To declare relevant customs permits for all goods movements into and from the approved premises. GST-paid goods cannot be brought to the warehouse regime
- To ensure adequate security measures in the approved premises;
- To be responsible for the duty/GST-unpaid goods stored in the approved premises and to be accountable for the payment of duty/GST on goods not satisfactorily accounted for;
- To obtain prior approval from Customs on any structural alterations to the approved premises/tanks;
- To keep all inventory records up-to-date;
- To maintain all in-handling documents, out-handling documents and other supporting records for the movements of the duty/GST-unpaid goods;
- To maintain records and supporting documents on goods released locally; and
- Obtain the necessary clearance from other relevant authorities.
Should you need further clarification on the Petroleum Licenses, you may contact Singapore Customs at our Call Centre number 6355 2000 or email us at customs_schemes@customs.gov.sg.
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