Normal value
15.—(1)  For the purpose of this Act, the normal value of any subject goods shall be the comparable price actually paid or payable in the ordinary course of trade for like goods sold for consumption in the domestic market of the exporting country.
(2)  Where there are no sales in the domestic market of the exporting country under subsection (1), or where, because of the particular market situation or the low volume of the sales in the domestic market of the exporting country, such sales do not permit a proper comparison, the normal value of the subject goods shall be —
(a)the comparable price actually paid or payable in the ordinary course of trade for like goods exported to any appropriate third country, provided that such price is representative; or
(b)the constructed value of the subject goods which shall include the cost of production in the exporting country, plus a reasonable amount for profits.
(3)  For the purpose of subsection (2), sales of like goods destined for consumption in the domestic market of the exporting country or the appropriate third country shall normally be considered a sufficient quantity for the determination of the normal value if such sales constitute 5% or more of the sales of the subject goods to Singapore, except that a lower ratio shall be acceptable where the evidence shows that domestic sales at such lower ratio are of sufficient magnitude to provide for a proper comparison.
(4)  Sales of the like goods in the domestic market of the exporting country or sales to a third country at prices below per unit cost of production may be treated as not being in the ordinary course of trade by reason of price and may be disregarded in determining normal value only if the Minister determines that such sales are made within an extended period of time in substantial quantities and are at prices which do not provide for the recovery of all costs within a reasonable period of time.
(5)  For the purpose of determining the cost of production referred to in subsections (2)(b) and (4), the cost of production shall be computed on the basis of all fixed and variable costs of manufacturing for sale in the exporting country plus a reasonable amount for selling, administrative and other general expenses.
(6)  In the circumstances described in subsection (4), the normal value of any subject goods may be determined on the basis of —
(a)the remaining sales in the domestic market made at a price which is not less than the cost of production, provided that such remaining sales are in sufficient quantities; or
(b)where the sale does not exist in sufficient quantities in the domestic market, the remaining sales in the third country market made at a price which is not less than the cost of production, provided that such remaining sales are in sufficient quantities.
(7)  Where the remaining sales are not in sufficient quantities for the calculation of normal value under subsection (6), the normal value of any subject goods may be determined on the basis of the constructed value as described in subsection (2)(b).