Application for Customs Ruling on Valuation

You can apply if you:

• Are an importer who intends to bring goods into Singapore; and

• Need clarity on how the Customs valuation rules apply to a specific arrangement.

Refer to the valuation principles in the Customs (Valuation) Regulations when preparing your application.

Submit the Application for Customs Ruling on Valuation together with the following supporting documents:

• Letter of enquiry from the applicant

  • State clearly the issue to be considered

• Comprehensive description of the arrangement

  • Include all relevant facts and parties involved

• Business reasons for the arrangement, if applicable

• Copies of all relevant documents, with the relevant passages identified

  • For example: contracts, agreements, invoices or correspondence

• Proposed valuation treatment, with reasons

  • Include references to the relevant laws or regulations

• Details of any previous request or enquiry on the same or similar arrangement, if applicable

A fee of S$165 (inclusive of GST) is charged for each application.

• You will receive a billing notification after Singapore Customs has received your completed application form and all required supporting documents

• The billing notification will include your bill reference number

• Payment must be made upon receipt of this billing notification

The fee is non-refundable, even if:

• The application is not proceeded with

• The application is returned without action due to insufficient information for assessment

• The application is withdrawn by the applicant

You may refer to the Singapore Customs website for available payment methods.

Singapore Customs will review your application and determine the appropriate customs valuation treatment for the arrangement.

You will receive a written ruling stating:

• The applicant and/or company name and address

• The treatment of Customs valuation to be applied

• Any conditions that must be met to maintain the validity of the treatment

The process may take up to 30 days, depending on:

• The complexity of the arrangement; and

• The completeness and clarity of the information provided

The Customs ruling on valuation is:

• valid at the time of issuance, based on the Customs Act and its subsidiary legislation in force at that time, and

• no longer valid:

  • 3 years after the date of issuance; or

  • The date a provision of the Customs Act (including its subsidiary legislation) is repealed or amended, where that change affects how the provision applies to the ruling, whichever comes first.

The ruling may also be withdrawn or rescinded on the grounds stated in paragraph 7(9) of the Schedule to the Customs Act.

If you disagree with a ruling, you may appeal for a review.

• Submit your appeal within 10 working days from the date of the ruling

• Clearly state your grounds of appeal

• Attach all supporting documents to substantiate your appeal

Singapore Customs will review your appeal and inform you of the outcome via email.