Singapore legislation
Regulation 9
Regulation 9
Residual basis of valuation
Subregulation 1
Where the value of imported goods cannot, in the opinion of the proper officer of customs, be determined under regulation 8, it shall be determined on information available in Singapore on the basis of a value derived from the methods of valuation set out in regulations 3 to 8 interpreted in a flexible manner and reasonably adjusted to the extent necessary to arrive at a value of the goods.
Subregulation 2
A customs value shall not be determined on the basis of —
the selling price in Singapore of goods produced in Singapore;
a basis which provides for the acceptance of the higher of 2 alternative values;
the price of goods on the domestic market of the country of exportation;
the cost of production other than computed values that have been determined for identical goods or similar goods in accordance with regulation 8;
the price of goods for export to a country other than Singapore;
minimum customs values; or
arbitrary or fictitious values.