s 18 Value of imported goods
18.—(1) For the purposes of this Act, the value of imported goods is determined as follows:(a) subject to paragraph (b), the value of the goods is the aggregate of the following:(i) the value of the goods determined in accordance with such method of valuation as may be prescribed pursuant to section 22 of the Customs Act 1960; and (ii) so far as not already included in the value referred to in sub‑paragraph (i), all taxes, duties and other charges levied either outside or, by reason of importation, within Singapore (except goods and services tax); (b) subject to the Third Schedule, where goods from outside Singapore enter Singapore under customs control and one or more supplies of those goods involve —(i) the goods being removed from a place under such customs control; or (ii) the goods being made available while under such customs control, the value of the goods is the aggregate of the following: (iii) the value of the last of such supplies; and (iv) so far as not already included in the value referred to in sub-paragraph (iii) —(A) all taxes, duties and other charges levied either outside or, by reason of importation, within Singapore (except goods and services tax); and (B) all costs by way of commission, packing, transport and insurance and all other costs, charges and expenses incidental to the sale and the delivery of the goods up to the port or place of importation.[20/2010] (2) In the application of the Customs Act 1960, by virtue of section 26, to any goods which are not subject to either customs duty or excise duty, such goods are construed as being under “customs control” within the meaning of section 3(2) of the Customs Act 1960 —(a) as if they are dutiable goods; and (b) as if the reference to a licensed warehouse in section 3(2) of the Customs Act 1960 includes a warehouse or other place licensed under section 37(5)(b).[20/2010]