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Senin, 15 Maret 2010

Temporary Importation for Exhibitions, Auctions & Fairs in singapore


Goods for exhibitions, except liquor and tobacco, could be temporarily imported for display or use at exhibitions without payment of GST. You may use either ATA Carnets or the Temporary Import Scheme for importing such goods temporarily.

If controlled goods are to be imported for under this Scheme, prior approval must be obtained from the various controlling authorities in Singapore. Any controlled goods found to have been imported without authorization from the appropriate controlling authority will be impounded or detained by Customs and referred to the appropriate controlling authority.

The organisers, exhibitors, freight forwarders and declaring agents may also be required by Customs to provide information or produce documents regarding any exhibition under Sections 90 and 91 of the Customs Act. Failure to provide the information or to produce the document requested constitutes an offence under the Act.


Use of Local Freight Forwarders for Declaration of Permits

Goods imported under the Temporary Import Scheme, has to be covered by the proper Customs permits. Similarly, the duty/GST payment and re-exportation of the goods are to be covered by the proper Customs permit as well. To apply for a Customs permit, you may engage the services of a of a local freight forwarder registered with Customs. The flow of documents to be prepared is shown here ( DOC 24kb ).

Goods for exhibitions may be imported 3 weeks before the exhibition and be re-exported within 3 weeks of the closure of the exhibition. Requests for extension of these periods must be made in writing (with reasons stated) to Head, Permits Compliance Branch. Such requests will be considered on a case by case basis and approval will be granted if there are cogent reasons.


ATA Carnet

A foreign exhibitor could import exhibition goods into Singapore using ATA carnet. In-Non-Payment (Temporary Consignment) permits are not required when goods are imported using an ATA Carnet. When the exhibitor arrives in Singapore, he must produce the carnet together with the goods to Customs at the checkpoint for verification and endorsement.

If goods imported under the carnet are sold, GST is payable on the goods at 7% of the CIF value or selling price, whichever is the higher. The GST could be paid by means of a In-Payment permit which is obtainable through a local freight forwarder who is registered with Singapore Customs.

When goods covered by a carnet are taken out of Singapore, the foreign exhibitor must produce the carnet and the goods to Customs at the exit point for verification and endorsement. GST will be recovered from the carnet holder on any item that is unaccounted for.


Banker's Guarantee (BG)/Insurance bond

Banker's Guarantee is a requirement under the Temporary Import Scheme. Customs In-Non-Payment (Temporary Consignment) permits will be automatically rejected by the TradeNet® system if their BG/Insurance bond is insufficient or if there is no BG/Insurance Bond lodged.

For the temporary import of dutiable motor vehicles for repairs, exhibition and other approved purposes, the amount of bank guarantee/insurance bond required is 30% of potential duty and GST payable on the motor vehicle if the importer is GST registered. If the importer is not GST registered, the BG/Insurance bond required is only 50% of the potential duty and GST payable.

To temporarily import certain selected goods such as jewellery, precious stones, handbags, garments, antiques, watches, etc, for repairs and other approved purposes, the BG/Insurance bond required from GST-registered importers would be only 50% of the potential GST payable on the selected goods. Only importers who are not GST-registered would be required to put up a BG/Insurance bond for 100% the potential GST payable on these selected goods. For the detailed list of the selected goods subject to this requirement, please click here ( PDF 25kb ).

For the temporary import of non-dutiable goods, the amount of bank guarantee/insurance bond required is:

30% of the potential GST for exhibitions with sales/auctions for taxable companies

50 % of the potential GST for exhibitions with sales/auctions for non-taxable companies

30% of the potential GST for repairs and other approved purposes for taxable companies

50% of the potential GST for repairs and other approved purposes for non-taxable companies

The required BG/Insurance bond must be lodged with Customs before any Customs In-Non-Payment (Temporary Consignment) permits are declared through the TradeNet® system.

The BG/Insurance bond must be lodged by the exhibition organiser, exhibitor or their local freight forwarder/declaring agent, on the prescribed formats obtainable from the e-filing option available in our website. The BG/Insurance bond shall remain operative for at least three months after the closure of the exhibition.

When submitting the BG/Insurance bond to the Securities Registration Officer, the organiser, exhibitor or their local freight forwarder/declaring agent shall provide, on their letter-head, the name, venue and period of the exhibition.

The declarant of the Customs In-Non-Payment (Temporary Consignment) permits (and any other party lodging the BG/Insurance bond for the imported goods) will be held responsible for ensuring that the conditions imposed on the permits have been complied with, including the re-exportation of the goods within the period allowed for temporary importation.

The declarants should pay duties/GST on any items listed in the In-Non-Payment (Temporary Consignment) permits that are sold, transferred or disposed of locally and on items not covered by Customs OUT (Temporary Consignment) permits. If the duties/GST on such items is not paid, it will be recovered from BG/Insurance bond lodged by the declarant or other party. The BG/Insurance bond will be discharged when there is no outstanding revenue due to Customs in connection with the Customs In-Non-Payment (Temporary Consignment) permits declared.


Letter of Undertaking (applicable to government agencies and statutory boards)

The Banker's Guarantee/Insurance bond as stated above can be waived if all the goods imported for the entire exhibition are re-exported and there are no local sale, transfer or disposal of the goods.

The Letter of Undertaking (LU) must be put up by the government agency or statutory board concerned at least one month prior to importation of the goods, in the prescribed format. A sample of a letter of undertaking for waiver of security ( DOC 21kb ) is attached.

Before submitting the LU to the Temporary Import Unit, the government agency or statutory board concerned shall provide the name, venue and period of the exhibition, the value of the goods to be imported and the appointed freight forwarder for the event. The LU is subject to approval by Customs.


Reconciliation List of Permits

To facilitate early release of the BG after the exhibition, the declarant of the Customs In-Non-Payment (Temporary Consignment) permits must submit to the Temporary Import Unit, Permits Compliance Branch, a reconciliation list as per Annex B ( DOC 38kb ) showing the Customs In-Non-Payment (Temporary Consignment) permits, In-Payment permits and Customs OUT (Temporary Consignment) permits taken out for the exhibition goods. Goods stored pending re-exportation are subject to Customs inspection at the place of storage. If any goods are unaccounted for, the GST payable will be recovered from the BG lodged by the declarant of the Customs In-Non-Payment (Temporary Consignment) permit or the party who lodged the BG for the goods.


Brochures, Pamphlets and Gifts

GST should be paid on all brochures, pamphlets, gifts and other give-away items imported for an exhibition as they are meant for local use. However, there is provision for relief of GST if such goods are imported by post or by air and the total value of such goods does not exceed $400.


Sealing and Unstuffing of Goods

Officers at the entry points may seal any package or container before releasing the goods. Such sealed packages or containers should be unpacked/unstuffed under Customs supervision. The organiser, local freight forwarder, local declaring agent or exhibitor must apply for Customs supervision of unpacking/unstuffing to Permits Compliance Branch through e-filing 24 hours before the intended operation. Fees will be charged for such services.


Re-exported Goods under the Temporary Import Scheme

Officers of the Temporary Import Unit, Permits Compliance Branch may place Customs seals on any package or container containing goods to be re-exported after the exhibition. The sealed package/container should be produced to Customs at the exit point with the seals intact. The organiser, local freight forwarder, local declaring agent or exhibitor should apply for Customs supervision of packing/stuffing to Permits Compliance Branch through e-filing at least one day before the end of the exhibition. Fees will be charged for such services.


Unauthorised Breakage of Customs Seals

It is an offence to break or tamper with any Customs seal placed on any package or container. The declarant of the Customs permit and the person having custody of the sealed package or container should take measures to safeguard the Customs seal.


Displaying Undeclared Imported Goods

It is the responsibility of the organiser to inform foreign and local exhibitors in advance that all goods imported for display at the exhibition must be declared to Customs at the entry point, the goods must also be covered by proper Customs documents. These documents should be retained by the exhibitors as they are subject to Customs inspection at the exhibition site. If any exhibitor fails to declare the imported exhibition goods to Customs at the entry point, he would be committing an offence under the Customs Act.


Customs Clearance of Hand-carried Exhibition Goods

Arrival Clearance
If the goods for the exhibition are to be hand-carried into Singapore, the exhibitor's local declaring agent must fax a copy of the Customs In-Non-Payment (Temporary Consignment) permit to the exhibitor. The exhibitor must then produce the document and the goods to Customs for verification and endorsement at the entry point.

If there is insufficient time for this to be done, the declaring agent should fax a copy of the Customs In-Non-Payment (Temporary Consignment) permit to the Officer Commanding (OC) of the Customs at the entry point concerned before the exhibitor arrives in Singapore. The name of the exhibitor, his arrival date/time and flight number must be provided.

The exhibitor must declare the goods to Customs at the entry point and, if he is not in possession of a copy of the In-Non-Payment (Temporary Consignment) permit, he should check with his local declaring agent, the In-Non-Payment (Temporary Consignment) permit approved for the goods.

Departure Clearance
If the unsold exhibition goods are to be hand-carried out of Singapore, the exhibitor's local declaring agent must provide the exhibitor with a copy of the Customs OUT (Temporary Consignment) permit at the end of the exhibition. The exhibitor or the local declaring agent must produce the OUT (Temporary Consignment) permit and the goods for Customs verification and endorsement at the exit point.

Only endorsements of the Immigration & Checkpoints Authority on the export documents will be accepted as proof of export.

The onus of ensuring that the permits are produced to the Immigration & Checkpoints Authority for endorsement at the exit point falls on the declarant of the Customs In-Non-Payment permit or the party lodging the Banker's Guarantee with Customs for the relevant goods. If the foreign exhibitor is taking the goods out by air via Changi Airport, the exhibitor or local declaring agent should produce the permit together with the goods for Customs verification and endorsement at one of the two GST Refund Counters located in the Airport's departure hall at least one hour before the departure time.

The counter before the airline check-in counters is for Checkpoints inspection of goods meant to be checked-in as luggage whilst the other counter located in the departure hall after the Immigration counters is meant for Checkpoints inspection of hand-carried items. The local declaring agent would not be able to gain access to the latter GST Refund Counter unless he has a pass issued by the Airport Police.


Payment of Duties/GST on Goods Sold, Transferred or Disposed of Locally

Duties/GST must be paid on any item listed in the Customs In-Non-Payment (Temporary Consignment) permit that is sold, transferred, disposed of locally or not re-exported under a Customs OUT (Temporary Consignment) permit. The responsibility for paying the duties/GST to Customs rests with the declarant of the permit and alternatively on the party lodging the Banker's Guarantee for the imported goods.

The duties/GST should be paid to Customs within 14 working days of the closure of the exhibition. If the duties/GST due is not paid, it will be recovered from the Banker's Guarantee lodged by these parties. In view of this, organisers must ensure that all foreign exhibitors are properly informed to pay the duties/GST to their local declaring agents before leaving Singapore.

The GST will be based on the declared value or selling price, whichever is the higher. If dutiable goods are sold, the duty must be included when computing the GST. Customs officers would conduct inspections of the goods displayed and the documents covering the importation and sales at the exhibition site.

Source: http://www.customs.gov.sg/leftNav/trad/imp/Temporary+Importation+for+Exhibitions+Auctions+and+Fairs.htm

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