Singapore Announces Switch to Updated Trade Classification Regime
The Singapore Trade Classification, Customs and Excise Duties (STCCED) 2022 will replace the 2018 version on June 19, Singapore Customs announced May 18. The STCCED 2022 uses the Association of Southeast Asian Nations Harmonized Tariff Nomenclature 2022 in which the…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
HS codes are harmonized at the eight-digit level to be used by all ASEAN countries. The tariff amendments also include the creation, deletion and merging of various subheadings. For example, new codes now exist for chassis fitted with engine for vehicles specially designed for traveling on snow and for bodies for vehicles specially designed for traveling on snow. Singapore Customs advises traders and declaring agents to check the units of quantity under the ASEAN tariff nomenclature and declare them in their permit applications.