Application for Customs Ruling on Valuation
Application for Customs Ruling on Valuation
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The customs value is determined based on valuation principles from the Customs (Valuation) Regulations.
Importers may apply for a Customs ruling on valuation before importing your goods. Do refer to the valuation principles when preparing your application.
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You may submit the Application For Customs Ruling on Valuation Application For Customs Ruling on Valuation with the following supporting documents:
- Letter of enquiry from applicant - The issue to be considered
- Comprehensive description of the arrangement
- Business reasons for the arrangement, if applicable
- Copies of all relevant documents with the relevant parts of the passages identified
- Proposed treatment with reasons and references to the appropriate laws
- Previous request/enquiry on the same or a similar arrangement, if applicable. -
A fee of S$165 inclusive of Goods and Services Tax will be charged for each application. Payment must be made upon receiving the billing notification from Singapore Customs. The billing indicates the bill reference number and would only be generated after we received the complete submission of your application form and supporting documents.
This fee is non-refundable even if the ruling request is rejected (e.g. where the arrangement is hypothetical) or subsequently withdrawn vy the applicant.
You may refer to the available payment methods on our website.
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Singapore Customs will evaluate and determine the customs valuation treatment of the arrangement. A Customs ruling on valuation will be issued, indicating the applicant’s/company’s name and address, treatment on customs valuation and conditions to maintain the validity of treatment.
The ruling process may take up to 30 days, depending on the complexity of the arrangement and completeness of the information furnished.
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The issued Customs ruling will be valid at the time of issuance based on the Customs Act and its subsidiary legislation in force at the time of the issuance of the Customs ruling. All matters within the issued Customs ruling do not apply three years after the date of issuance, or the date a provision of the Customs Act (including its subsidiary legislation) is repealed or amended to the extent that the repeal or amendment changes the way that provision applies in this ruling, which ever comes earlier. The issued Customs ruling may also be withdrawn or rescinded on the grounds stated in paragraph 7(9) of the Schedule to the Customs Act.
You may appeal for a review of the Customs Ruling issued. The appeal must be submitted within 10 working days from the date of issuance of the ruling. You have to state the grounds of appeal and submit all supporting documents to substantiate the appeal.
Upon receipt of the appeal, Singapore Customs will conduct a review and inform you of the outcome via email.