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No. S 186

Customs Act

(Chapter 70)

Customs (Valuation) (Amendment) Regulations 2005

In exercise of the powers conferred by sections 22A and 143(1) of the Customs Act, the Minister for Finance hereby makes the following Regulations:

Citation and commencement

1. These Regulations may be cited as the Customs (Valuation) (Amendment) Regulations 2005 and shall come into operation on 1st April 2005.

Amendment of regulation 3

2. Regulation 3 of the Customs (Valuation) Regulations (Rg 8) is amended by deleting paragraph (4) and substituting the following paragraph:

“(4) Where —

(a)

the proper officer of customs —

(i)

has reason to doubt the truth or accuracy of the customs value determined under this regulation;

(ii)

has requested for further explanation or evidence from the importer that such value represents the price actually paid or payable for the imported goods, and if requested by the importer, has informed the importer in writing of the grounds for doubting the truth or accuracy of —

(A)	the customs value determined under this regulation; or
(B)	any particulars or documents submitted by the importer;

(iii)

has not received any response from the importer or has not been satisfied by the importer’s response that the customs value can be determined under this regulation; and

(iv)

has decided that the customs value cannot be determined under this regulation and informed the importer in writing of his decision and the reasons for that decision; or

(b)

for any other reason, the proper officer of customs is of the opinion that the customs value cannot be determined under this regulation,

the customs value shall be determined by proceeding sequentially through regulations 5 to 9 to the first such regulation under which the customs value can, in the opinion of the proper officer of customs, be determined.”.

[G.N. No. S 146/2003]

Made this 25th day of January 2005.

LIM SIONG GUAN

Permanent Secretary,
Ministry of Finance,
Singapore.

[Customs (conf) 0101/91/V19; MF(R) R17.5.1; AG/LEG/SL/70/2002/1 Vol. 5]

(To be presented to Parliament under section 143(2) of the Customs Act).