Singaporean companies who conduct business abroad must complete a vital procedure to obtain an import or export permit. Singapore Customs has implemented rules for anyone wanting to introduce products into the country or transfer products outside its borders. Knowing the application process along with requirements and vital steps will allow you to submit without delays.
Who Needs an Import and Export Permit?
Any Singaporean business handling commercial imports or exports needs to acquire an import and export licence. Companies who operate regulated products requiring specific approvals as well as those re-exporting goods through free trade zones and requiring customs clearance for their shipments need to obtain licences.
Key Requirements Before Applying
A company needs to meet a set of critical requirements before submitting an application for permits. The registration requirement for businesses takes place at two stages with the first being with the Accounting and Corporate Regulatory Authority (ACRA) to get a Unique Entity Number (UEN) and the second being with Singapore Customs to create a customs account. If they plan to submit applications directly, they must also apply for a TradeNet User ID. Additionally, businesses must decide whether to appoint a declaring agent to manage permit applications or register as a declaring agent themselves.
Step-by-Step Process to Apply for an Import and Export Permit
Step 1: Register Your Business and Customs Account
Initially, companies need to register with ACRA to obtain a UEN. Subsequently, they must establish a customs account with Singapore Customs, necessary for all permit applications.
Step 2: Appoint a Declaring Agent (Optional)
If a business prefers not to handle permit applications on its own, it can appoint a declaring agent. The agent will handle the application process through the TradeNet system and ensure compliance with all regulatory requirements.
Step 3: Submit a Permit Application via TradeNet
The business must use TradeNet to submit its permit application after creating essential accounts. The application system needs business owners to provide essential details that include the HS Code together with a description of the goods alongside a correct customs permit designation. All entries in the application must have information that is parallel to the invoice and supporting documentation.
Step 4: Make Payment and Await Approval
Payments for permit applications must be processed through Interbank GIRO. If the goods are controlled, additional approvals from relevant authorities may be required before the permit is granted. Once approved, businesses can proceed with their import or export transactions.
Post-Approval: What to Do Next?
A company must confirm that permit information along with invoices have been recorded properly after receiving permit approval. Refined products can remain in authorised warehouses upon approval before they receive official release authorisation.
The prevention of compliance issues in export operations requires companies to follow Export processes and regulations established by Singapore Customs. Businesses require supplementary protection measures not only for corporate data privacy but also to secure against possible security breaches.
Common Mistakes to Avoid
Many businesses make mistakes that can delay their permit approvals. One common error is failing to activate a customs account before applying. Another issue is not checking whether the goods are controlled, which can result in unexpected delays.
Providing incorrect HS Codes can also lead to application rejections or penalties. Lastly, not setting up GIRO for payments can disrupt the permit approval process.
Conclusion
Singapore requires a complete understanding of the application requirements for trade permits to perform import and export operations smoothly. Companies that follow proper procedures and fulfil Singapore Customs requirements will stay clear of complications and experience no delays. Contact official guidelines and connect with a declaring agent to secure a smooth permit application process.
Ready to start your application process? Declaration Nexus is here to help. Let our experts guide you through the process and get your permits in no time.
