PS6 - Transacting with SC for the 1st time (recording)

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1 Transacting with Singapore Customs (SC) for the First Time SC Academy

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2 1. 2. 3. 4. Who Needs to Transact? How to Obtain A Permit Declaration? Agenda How to Transact? Other Requirements to Note

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Who Needs to Transact? Who Needs to Transact? How to Transact? How to Obtain A Permit Declaration? Other Requirements to Note Generally, all entities that intend to engage in import and export activities in Singapore or apply for the relevant import, export and transshipment permits or certificates through TradeNet® would need to transact with Singapore Customs

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How to Transact? Who Needs to Transact? How to Transact? How to Obtain A Permit Declaration? Other Requirements to Note For more information, please refer to www.uen.gov.sg

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How to Transact? (Con’t) Who Needs to Transact? How to Transact? How to Obtain A Permit Declaration? Other Requirements to Note If you are a new business entity, upon successful registration with ACRA, you can activate your UEN with SC by selecting “Activation of Customs Account” and key in the relevant information

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How to Transact? (Con’t) Who Needs to Transact? How to Transact? How to Obtain A Permit Declaration? Other Requirements to Note If you are an existing business entity, or a non-business entity, you can activate your UEN from www.tradexchange.gov.sg

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Activation of Customs Account Who Needs to Transact? How to Transact? How to Obtain A Permit Declaration? Other Requirements to Note

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Activation of Customs Account (Con’t) Who Needs to Transact? How to Transact? How to Obtain A Permit Declaration? Other Requirements to Note

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Activation of Customs Account (Con’t) Who Needs to Transact? How to Transact? How to Obtain A Permit Declaration? Other Requirements to Note Primary Contact

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Activation of Customs Account (Con’t) Who Needs to Transact? How to Transact? How to Obtain A Permit Declaration? Other Requirements to Note Secondary Contact

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Activation of Customs Account (Con’t) Who Needs to Transact? How to Transact? How to Obtain A Permit Declaration? Other Requirements to Note Trader Notification

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Activation of Customs Account (Con’t) Who Needs to Transact? How to Transact? How to Obtain A Permit Declaration? Other Requirements to Note Authorised Personnel

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Activation of Customs Account (Con’t) Who Needs to Transact? How to Transact? How to Obtain A Permit Declaration? Other Requirements to Note

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How to obtain A Permit Declaration? Who Needs to Transact? How to Transact? How to Obtain A Permit Declaration? Other Requirements to Note After you have successfully activated your UEN, you may:

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Appointing Declaring Agents Who Needs to Transact? How to Transact? How to Obtain A Permit Declaration? Other Requirements to Note You may appoint a freight forwarding agent or engage the services of documentation service centres to apply for the relevant permits on your behalf A list of some service centers is available from this URL: https://www.tradexchange.gov.sg/tradexchange/default.portal?_nfpb=true&_nfls=false&_pageLabel=main_tn&_type=tn&_page=tn1186107329669&_action=view

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Becoming A Declaring Agent Who Needs to Transact? How to Transact? How to Obtain A Permit Declaration? Other Requirements to Note To apply the permit declarations through TradeNet® for your own entity or on behalf of your clients: Click on “Manage DA/Declarants” to register your entity as a declaring agent Apply for a TradeNet User ID for your staff

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Becoming A Declaring Agent Who Needs to Transact? How to Transact? How to Obtain A Permit Declaration? Other Requirements to Note Important Notes

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Other Requirements To Note Who Needs to Transact? How to Transact? How to Obtain A Permit Declaration? Other Requirements to Note to cover potential duties involved for transactions of dutiable goods and potential GST on its temporary imports of non-dutiable goods to authorise your declaring agent to use your Inter-Bank GIRO and security

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Apply for Inter-Bank GIRO Account Who Needs to Transact? How to Transact? How to Obtain A Permit Declaration? Other Requirements to Note To pay duties, Goods & Services Taxes (GST) or other miscellaneous fees to SC directly, you have to maintain an Inter-Bank GIRO (IBG) account Download the IBG application form from SC website at: http://www.customs.gov.sg/topNav/ese/Online+Services+and+Forms.htm

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Inter-Bank GIRO Application Procedures Who Needs to Transact? How to Transact? How to Obtain A Permit Declaration? Other Requirements to Note

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Inter-Bank GIRO Form Specimen Who Needs to Transact? How to Transact? How to Obtain A Permit Declaration? Other Requirements to Note

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Furnishing of Security Bonds Who Needs to Transact? How to Transact? How to Obtain A Permit Declaration? Other Requirements to Note Upon registration, a company is required to furnish a bank/finance company guarantee (BG) or insurance bond as security to cover: the potential duties involved for its transactions of dutiable goods; and the potential GST payable on its temporary imports of non-dutiable goods

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Furnishing of Security Bonds (Con’t) Who Needs to Transact? How to Transact? How to Obtain A Permit Declaration? Other Requirements to Note You can obtain the Banker’s Guarantee/Insurance Bond Specimen for permit declarations from SC website at: http://www.customs.gov.sg/topNav/ese/Online+Services+and+Forms.htm.

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Authorisation of Declaring Agents Who Needs to Transact? How to Transact? How to Obtain A Permit Declaration? Other Requirements to Note If you are appointing declaring agents to apply for permits on your behalf, and intend to let SC deduct the duties and GST directly from your IBG account for your imports, and/or use your Banker’s Guarantee (BG) / Insurance Bond (IB) for your imports, you have to efile “Authorisation of Declaring Agent” form and fill in the IBG and BG/IB Account No. respectively You can appoint up to 20 declaring agents

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Authorisation of Declaring Agents (Con’t) Who Needs to Transact? How to Transact? How to Obtain A Permit Declaration? Other Requirements to Note You may efile your application from our website at www.customs.gov.sg

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Authorisation of Declaring Agents (Con’t) Who Needs to Transact? How to Transact? How to Obtain A Permit Declaration? Other Requirements to Note

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For More Information …… Who Needs to Transact? How to Transact? How to Obtain A Permit Declaration? Other Requirements to Note Visit our website at: http://www.customs.gov.sg/leftNav/trad/Transacting+with+Customs+for+the+First+Time.htm Email us at: customs_documentation@customs.gov.sg Contact us at: 6355 2000 (SC Call Centre)

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Thank You