SAMPLE FORMAT COST STATEMENT FOR THE EXPORT OF PRODUCTS UNDER ORDINARY CERTIFICATE OF ORIGIN Name of Manufacturer : Entity Identifier/UEN: Description of Product : HS Code: Model No : Unit Price: S$ : (FOB) Country exported to : This Cost Statement is for Unit(s) Date of Cost Statement :
* HS Code Country of Supplier's Name (if Locally Unit Cost (CIF) (6 digits) Origin Manufactured)
Local Foreign Total 1. Raw Materials, (Please give detailed breakdown) a) b) c) d) 2. Direct Labour Cost : Wages Other benefits (CPF, medical benefits etc) (Please give detailed breakdown)
3. Direct Overhead Cost : (eg Factory rent, Depreciation costs, Maintenance) (Please give detailed breakdown)
4. Ex-Factory Cost (1+2+3) 5. Profit 6. Ex-Factory Price (4+5)
* Only for imported materials where the final product is for export to Mexico Local Raw Materials Cost + Direct Labour + Direct Overhead 1. Calculations : Local Content = -------------------------------------------- x 100 = % Ex-Factory Price _________ Declaration : I declare that the information provided by me is true and correct. I will permit, as and when required, inspection of our factory/goods by officers of the Singapore Customs and undertake to maintain up-to-date costing records. _____________________________________ _____________________________________ Signature & Name of Managing Director Signature & Name of Accountant This cost statement is prepared by : Signature : _________________________ Tel : (Please see next page for Guidelines)
TARIFFS AND TRADE SERVICES BRANCH
GUIDELINES ON THE PREPARATION OF THE
MANUFACTURING COST STATEMENT
The following procedures will apply when submitting the Manufacturing Cost Statement for the Singapore Customs’ verification:
1) Check with the Tariffs and Trade Services Branch of the Singapore Customs on the origin criteria
that your product must comply with to qualify for preferential treatment.
2) Prepare the Cost Statement for every product model to be exported. This must be prepared on
your Company's letterhead according to the format prescribed by the Tariffs and Trade Services
3) Submit your Cost Statement for the product which must reach the Tariffs and Trade Services
Branch at least 7 working days before the export of goods.
4) Give actual cost of materials used, labour and overhead costs in each Cost Statement. Projection
of production costs is not allowed.
5) Submit supplier's invoice of every material used which is manufactured locally.
6) Update your costing yearly or earlier when there are variations in your prices, costs, sources of
materials used, etc.
7) Ensure that the Cost Statement is declared to be true and correct by the Managing Director and
8) Contact the Tariffs and Trade Services Branch for advice when you need clarification in
preparing the Cost Statement.