Singapore legislation
Regulation 10
of Customs (Valuation of Locally-Manufactured Goods for Excise Duty) Regulations 2022
Regulation 10
Determination of value by Customs
Subregulation 1
The value of goods must be determined by any proper officer of customs under these Regulations, and excise duty is payable in accordance with that determination unless a different amount is proved to be the correct value of the goods under these Regulations.
Subregulation 2
If, upon an objection received from the manufacturer of the goods or for any other reason, the proper officer of customs is satisfied that any determination made under these Regulations in respect of any goods is inconsistent with the Regulations or incorrect for any other reason, the officer must amend that determination accordingly, and excise duty is payable in accordance with the amended determination.
Subregulation 3
Where a proper officer of customs amends the determination of the value of any goods under these Regulations otherwise than as a result of an objection received from the manufacturer of the goods, the officer must give notice of the amended determination to the manufacturer.
Subregulation 4
In determining the value of any goods for the purposes of paragraph (1) or (2), a proper officer of customs may require a local manufacturer or any other person concerned with the local manufacture of goods, to do any of the following:
provide to the proper officer of customs, in any form that the officer may require, any information that is in the officer’s 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 or sale of the goods by the local manufacturer or other person (as the case may be), that is in the opinion of that officer, necessary for a proper valuation of the goods.