Singapore legislation
Regulation 10
Regulation 10
Determination of value by Customs
Subregulation 1
The value of goods pursuant to these Regulations shall be determined by any proper officer of customs and customs duty or excise duty shall be payable in accordance with that determination unless, pursuant to these Regulations, a different amount is proved to be the correct value of the goods.
Subregulation 2
If, upon an objection received from the importer of the goods or for any other reason, the proper officer of customs is satisfied that any determination made under the provisions of these Regulations in respect of any goods is inconsistent with the Regulations or incorrect for any other reason, he shall amend his determination in respect of that determination accordingly and customs duty or excise duty shall be payable in accordance with that amended determination.
Subregulation 3
Where a proper officer of customs amends his determination of the value of any goods pursuant to these Regulations otherwise than as a result of an objection received from the importer of the goods he shall give notice to the importer of the amended determination.
Subregulation 4
In determining the value of any imported goods for the purposes of paragraph (1) or (2), a proper officer of customs may require an importer or any other person concerned with the importation of the goods, to do any of the following:
provide to the proper officer of customs, in any form that he may require, any information that is in his opinion necessary for a proper valuation of the goods;
produce to the proper officer of customs, any book of accounts or other document of whatever nature relating to the purchase, importation or sale of the goods by the importer or other person (as the case may be), that is in the opinion of that officer, necessary for a proper valuation of the goods.