IPMs Imported by Air/Sea Freight or by Land

Import of IPMs by air freight, of a total Cost, Insurance and Freight (CIF) value not exceeding S$400, do not require a Customs permit.

Import of IPMs by air freight, of a total CIF value exceeding S$400, requires an In-Non Payment (GST Relief) permit.

Import of IPMs by other freight modes such as by sea or land, requires an In-Non Payment (GST Relief) permit, regardless of the CIF value of the IPMs.

The following should be declared in the In-Non Payment (GST Relief) permit application:

• Place of Receipt Code=IGPM
• Claimant UEN=Importer UEN
• Relevant Harmonized System (HS) code/s of the IPMs
• Supplier name to be indicated with the name of refiner who produced the IPM bar/wafer/ingot
• Brand name to be indicated with the name of the IPM qualifying coin
• CA/SC Product Code to be indicated as one of the following: “BAR”, “INGOT”, “WAFER”; or “GOLDCOIN”, “SILVERCOIN”, “PLATINUMCOIN”
• CA/SC Product Code Quantity/UOM should be declared as “xxx NMB”
• CA/SC Code 1 to be indicated with the value of purity content of the respective precious metals contained in the IPM bars/ingots/wafers/coins. There is no need to indicate the unit of measurement (%). For example, a purity content of 99.8% should be declared as 99.8.

The GST relief permit must be obtained before the importation of IPMs and presented at the checkpoint for clearance.

However, if the IPMs are imported as trade samples and its CIF value is below or equivalent to S$400, GST relief is granted and no permit is required for importation.