SINGAPORE - A new ASEAN Self-Certification Scheme will allow exporters from Singapore, Brunei and Malaysia to enjoy tariff savings with less hassle.
Exporters can now use commercial invoices to self declare the country of origin for their goods instead of the previous Preferential Certificate of Origin. Billing statements, delivery orders or packing lists may also be used.
Other than enjoying preferential tariffs for goods exported to ASEAN countries, exporters can also enjoy cost savings and improved timeliness. There will also be smoother clearance of goods at the point of importation.
Director-General of Customs, Mr Fong Yong Kian, said this initiative was in line with Singapore Customs' mission of making trade easy, fair and secure.
"The Self-Certification Scheme is another step towards greater trade facilitation within the ASEAN region. With self-certification, businesses can save costs and get their goods to overseas customers in a faster and timelier manner
Mr Chan Huan Siong, Regional Logistics Manager of Singapore Cables Manufacturers Pte Ltd, said this was a breakthrough for customs documentation.
"It saves us not just the cost, but most importantly, the efficiency."
Singapore Customs and the Ministry of Trade and Industry have cleared 22 exporters to join the self-certification scheme so far and up to 850 more are expected to join their ranks.
The scheme is expected to be fully implemented in all ASEAN countries by 2012. Singapore-ASEAN trade totalled S$116.15 billion in 2009.