Singapore legislation
Regulation 6
of Customs (Valuation of Locally-Manufactured Goods for Excise Duty) Regulations 2022
Regulation 6
Transaction value of similar goods as value
Subregulation 1
Where the customs value of locally‑manufactured goods cannot, in the opinion of the proper officer of customs, be determined under regulation 5, the customs value of the goods is the transaction value of similar goods in respect of a sale of those goods in Singapore if that transaction value is the customs value of the similar goods and the similar goods were manufactured in Singapore 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;
in the same or substantially the same quantities as the goods being valued.
Subregulation 2
Paragraphs (2), (3) and (4) of regulation 5 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”.