Manufacturing Cost Statement For Product Qualifying For Export Under The Gsfta (Page 2 of 2) in pdf

Manufacturing Cost Statement For Product Qualifying For Export Under The Gsfta Page 2

SINGAPORE CUSTOMS

TARIFFS AND TRADE SERVICES BRANCH

GUIDELINES ON THE PREPARATION OF THE

MANUFACTURING COST STATEMENT

The following procedures will apply when submitting the Cost Statement for Singapore

Customs’ verification:

Check with the Tariffs and Trade Services Branch (TTSB) of Singapore Customs on the

origin criteria that your product must comply with to qualify for preferential treatment.

Prepare the Cost Statement for every product model to be exported. This must be

prepared on your Company's letterhead according to the format prescribed by TTSB.

Submit your Cost Statement for the product which must reach TTSB at least 7

working days before the export of goods. The mailing address is indicated as follow:

By Post

By Courier

Singapore Customs

Drop the documents into Box Number 2 at

Attn: Rules of Origin Section

Level 7 Revenue House

55 Newton Road #07-01

Attn: Rules of Origin Section

Revenue House

Singapore 307987

Give actual cost of materials used, labour and overhead costs in each Cost Statement.

Projection of production costs is not allowed.

Submit supplier's invoice of every material used which is manufactured locally. If the

material is of GCC origin and you want your product to qualify under the GSFTA

Cumulative Content, please submit the Preferential CO issued by the GCC as proof that

the material originates in the GCC.

Update TTSB on your costing yearly or when there are variations in your prices, costs,

sources of materials used, etc, whichever earlier.

Ensure that the Cost Statement is declared to be true and correct by the Managing

Director / Authorized Senior Management and the Accountant.

Contact TTSB at customs_roo@customs.gov.sg for advice when you need

clarification in preparing the Cost Statement.

Manufacturing Cost Statement For Product Qualifying For Export Under The Gsfta Page 2