WebThe Major Exporter Scheme (MES) is one of the most common GST schemes in Singapore to relieve companies of the cash flow cost of paying import GST to Singapore Customs and subsequently claiming it as input tax in the GST returns. These import suspension schemes are important for companies especially when the GST rate has … WebAny goods under the Major Exporter Scheme Dutiable goods from a licensed warehouse Goods that you export from the Free Trade Zone (FTZ) Just like with imports, all permit applications are given electronically through TradeNet and cost a small fee (usually around S$2.88). Flow Charts for Imports and Exports
Import and Export Regulation and Process in Singapore
WebMajor Exporter Scheme (MES) – designed to help the cash flow of major exporters who have significant imports. Hand-Carried Exports Scheme – if you wish to zero-rate your supply of goods made to an overseas customer and your goods are hand-carried out of Singapore via Changi International Airport. WebThe goods fall under the Major Exporter Scheme. The goods are locally manufactured. The goods originate from the Free Trade Zone (FTZ). The goods are re-exported under the Temporary Import Scheme. The goods are temporarily exported and will be re-imported. If your goods are controlled under the Strategic Goods (Control) Act, you will need a permit. stickers for decorating easter eggs
Export Procedures - CUSTOMS
WebZero GST (ZG) Warehouse Scheme. The Zero GST (ZG) Warehouse Scheme is administered by Singapore Customs. Under this scheme, import GST on non-dutiable overseas goods is suspended when the goods are moved into a ZG warehouse. GST is payable only when the imported goods leave the warehouse and enter the local market. … WebAll goods imported into Singapore are regulated under the Customs Act, the Goods and Services Tax (GST) Act and the Regulation of Imports and Exports Act. Imported goods … WebMajor Exporter Scheme When you are acting as a section 33 (2)/33A agent and you are under the Major Exporter Scheme (MES), you can use your MES status to import non-dutiable goods belonging to your overseas principals for subsequent sale in Singapore or re-export on behalf of the overseas principals. stickers for cell phone cases