Singapore legislation
Regulation 9
of Customs (Valuation of Locally-Manufactured Goods for Excise Duty) Regulations 2022
Regulation 9
Residual basis of valuation
Subregulation 1
Where the value of locally‑manufactured goods cannot, in the opinion of the proper officer of customs, be determined under regulation 8, the value must 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
The value of locally‑manufactured goods must not be determined on the basis of —
the selling price in Singapore of goods imported into Singapore;
a basis which provides for the acceptance of the higher of 2 alternative values;
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 out of Singapore;
minimum customs values; or
arbitrary or fictitious values.