You can suspend GST and duty on dutiable goods by storing or depositing them in Licensed Warehouses.
What Goods Can/Must Be Stored In Licensed Warehouses?
Why Store My Goods In Licensed Warehouses?
Who Provides Licensed Warehouses?
Can My Own Warehouse Be A Licensed Warehouse?
What Goods Can/Must Be Stored In Licensed Warehouses?
- Licensed Warehouses are for imported dutiable goods - intoxicating liquors, petroleum products, tobacco products and motor vehicles.
- Intoxicating liquors and tobacco products must be stored in Licensed Warehouses. They cannot be stored in Free Trade Zones or Zero-GST Warehouses.
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Why Store My Goods In Licensed Warehouses?
- The main advantage is that duty and taxes (GST) are suspended in Licensed Warehouses until they are removed from the premises and enter the local market for consumption.
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Who Provides Licensed Warehouses?
- Warehouse facilities may be provided by:
- manufacturers
- wholesalers
- distributors
- private warehouse operators
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Can My Own Warehouse Be A Licensed Warehouse?
- You can convert part of or your whole warehouse into a Licensed Warehouse through the License Warehouse Scheme (LWS).
- You need to pay a licence fee to Singapore Customs.
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