‘Not One Piece, that’s many pieces’: ICA finds $400k worth of cards in Singaporean traveller’s luggage, Singapore News

According to ICA, the cards have an estimated value of about $400,000.

In this case, the 31-year-old Singaporean man was referred to the Singapore Customs for further investigation.

ICA reminded travellers to declare and pay duty and/or GST on newly acquired items, that exceed the duty-free concession and GST import relief. 

Singapore residents who are away for 48 hours or more can receive GST import relief of up to $500 of the total value of goods, while those who are away for less than that period can receive relief of up to $100.

GST is calculated based on the amount that exceeds the relief.

Those who are unsure should proceed to make a declaration at the Red Channel or at the Singapore Customs Tax Payment office.

Failing to declare or making an incorrect declaration of non-dutiable goods may result in fines of up to 20 times the GST amount. 

[[nid:750277]]

editor@asiaone.com