Singapore legislation
Regulation 6
Regulation 6
Transaction value of similar goods as value
Subregulation 1
Subject to paragraph (2) and regulation 5(2), (3) and (4), where the customs value of imported goods cannot, in the opinion of the proper officer of customs, be determined under regulation 5, the customs value of the goods shall be the transaction value of similar goods in respect of a sale of those goods for export to Singapore if that transaction value is the customs value of the similar goods and the similar goods were exported at the same or substantially the same time as the goods being valued and were sold under the following conditions:
to a buyer at the same or substantially the same commercial level as the buyer of the goods being valued; and
in the same or substantially the same quantities as the goods being valued.
Subregulation 2
Paragraphs (2), (3) and (4) of regulation 5 shall apply to this regulation in respect of similar goods as if every reference in those paragraphs to “identical goods” were a reference to “similar goods”.