On 25/05/2013,
you requested for the version in force on 25/05/2013
incorporating all amendments published on or before 25/05/2013.
The closest version currently available is that of 31/07/2005.
18.
—(1) For the purposes of this Act, the value of imported goods shall be determined as follows:
(a)
subject to paragraph (b), the value of the goods shall be the aggregate of the following:
(i)
the value of the goods determined in accordance with such method of valuation as may be prescribed pursuant to section 22 of the Customs Act (Cap. 70); and
(ii)
so far as not already included in the value referred to in sub-paragraph (i), all taxes, duties and other charges levied either outside or, by reason of importation, within Singapore (except goods and services tax); and
(b)
subject to the Third Schedule, where goods from outside Singapore enter Singapore under customs control and one or more supplies of those goods involve —
(i)
the goods being removed from a place under such customs control; or
(ii)
the goods being made available whilst under such customs control,
the value of the goods shall be the aggregate of the following:
(A)
the value of the last of such supplies; and
(B)
so far as not already included in the value referred to in sub-paragraph (A) —
(BA)
all taxes, duties and other charges levied either outside or, by reason of importation, within Singapore (except goods and services tax); and
(BB)
all costs by way of commission, packing, transport and insurance and all other costs, charges and expenses incidental to the sale and the delivery of the goods up to the port or place of importation.
(2) In the application of the Customs Act (Cap. 70), by virtue of section 26, to any goods which are not subject to either customs duty or excise duty, such goods shall be construed as being under “customs control” within the meaning of section 3(2) of the Customs Act —
(a)
as if they are dutiable goods; and
(b)
as if the reference to a licensed warehouse in section 3(2) of the Customs Act includes a warehouse or other place licensed under section 37(5)(b).