Singapore Customs proactively partners the business community in developing environmentally-friendly solutions for a sustainable future. This is done through a consultative approach and seeing the big picture when evaluating the impact of research and development (R&D) projects and other green initiatives.
Singapore Customs Foils Attempts to Smuggle In Controlled Goods
GST on Investment-Grade Precious
Securing the Movement of Hazardous Chemicals
To ensure the integrity of the trading system, Singapore Customs adopts a risk-assessment framework to identify 'suspicious' consignments for checks before they enter Singapore. Working closely with other controlling agencies, Singapore Customs recently thwarted attempts by two importers to smuggle controlled goods into the country.
From 1 October 2012, investment-grade gold, silver and platinum will no longer be subject to 7 per cent Goods and Services Tax (GST), as announced in this year's Budget by the Minister for Finance.
To better support Singapore's vital energy and chemicals industry and its Jurong Island hub, Singapore Customs facilitates the set-up of Jurong Island Terminal — an innovative terminal which enables the secured movement of hazardous chemicals between mainland Singapore and Jurong Island by sea.