Establishing Customs Value
Find out how customs value is determined for imports, including valuation methods, exchange rates, freight and insurance rates, and transfer pricing adjustments.
Last updated 19 February 2026
Establishing Customs Value and Methods
Learn how Singapore Customs determines customs value of imported goods, including the transaction value method, required adjustments, and alternative valuation methods.
Flat Rates for Freight and Insurance
Use Singapore Customs’ flat rates for freight and insurance when actual costs for such components are unknown for imports under Free On Board Incoterms.
Flat Rate for Insurance
Use the flat insurance rate of 1% to compute the customs value of imports under CFR Incoterms when the actual insurance cost is unknown or unavailable.
Customs Exchange Rates
Learn how to convert foreign currency values to Singapore Dollars for customs valuation, when to use weekly average MAS exchange rates, and what to do if the currency is not listed.
Transfer Pricing Adjustments on Imports
Learn how to handle transfer pricing adjustments for imported goods, including dutiable motor vehicles, documentary requirements and GST treatment.