Customs GST Computation

Guide to Computation of Customs GST

Singapore Customs only imposes GST on individual packages, with VS shipment numbers, imported into Singapore for which the CIF (Cost, Insurance and Freight) amount exceeds SGD 400.

Examples of Customs GST Computation
 

Example 1
Package that DO NOT Incur GST

Example 2
Package that Incurs GST

Example 3
Consolidate Packages that DO NOT Incur GST
Shipment Assumption
No. of Packages
1
1
1
Chargeable Weight

0.5KG

0.5KG
Package 1 - 2.2KG
Package 2 - 2.2KG
Currency Exchange Rate (based on Jan 2010)
2.0
2.0
2.0
Cost of Product (C)    

Product Cost
£100 ≈ S$200
£200 ≈ S$400
Product 1: £100 ≈ S$200
Product 2: £50 ≈ S$100
Sales Tax (if applicable)
-
-
-
Domestic Shipping Charge
£6.20 ≈ S$12.40
£6.20 ≈ S$12.40
Product 1: £6.20 ≈ S$12.40
Product 2: £6.20 ≈ S$12.40
Sub-Total
£106.20 ≈ S$212.40
£206.20 ≈ S$412.40
Product 1: £100 ≈ S$212.40
Product 2: £50 ≈ S$112.40
Insurance (I)
(Optional Service)
Insurance Coverage Premium At minimum SGD$18 or 3% of (C + F)
S$18.00
(minimum premium applies)
S$18.00
(minimum premium applies)
Package 1 - S$18.00
Package 2 - S$18.00
(minimum premium applies)
Shipment / Freight Charges (F)    
Base Charge
S$23.00
S$23.00

Package 1: S$23.00
Package 2: S$23.00
Weight Charge
S$9.50

S$9.50

Package 1: S$20.90
Package 2: S$20.90
Fuel Surcharge
S$1.00
S$1.00
Package 1: S$2.20
Package 2: S$2.20
Sub-Total
S$33.50
S$33.50

Package 1: S$46.10
Package 2: S$46.10
Total Charge/CIF (C + I + F)

S$263.90

S$463.90

Package 1: S$276.50
Package 2: S$176.50
Customs GST (7% of CIF) [applicable if CIF exceed S$400]
-
S$33.04
-
Total Cost of Purchase
S$263.90
S$496.94
S$453
 
 
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Examples of Calculation
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