Steel and Aluminum Import Duty & Landed Cost: Taiwan to Singapore
Full 2026 tariff breakdown, customs duty calculations, and compliance alerts for importing into Singapore.
2026 Tariff & Cost Breakdown for Importing Steel and Aluminum
Importing Steel and Aluminum into Singapore involves several costs: 8.5% customs duty rate and 20% VAT rate. Duties are calculated on the CIF value in SGD. The total cost includes CIF value, customs duty, and VAT.
Cost Breakdown
| Component | Rate | Amount |
|---|---|---|
| Product Value | — | USD 15000.00 |
| Shipping | — | USD 1200.00 |
| Insurance | — | USD 150.00 |
| CIF Value | — | USD 16350.00 |
| Customs Duty | 8.5% | USD 1389.75 |
| VAT/GST | 20% | USD 3547.95 |
| Total Landed Cost | — | USD 21287.70 |
HS Code Classification for Steel and Aluminum
Primary HS Code: 7210.49 — What It Covers
HS code 7210.49 classifies certain Steel and Aluminum products. This code is specific to flat-rolled products of iron or non-alloy steel. The correct classification is crucial for accurate duty calculation.
Why Misclassification Carries Risk in Singapore
Singapore Customs enforces a fine for HS code misclassification. Accurate classification is essential to avoid penalties and ensure compliance with Singapore Customs regulations.
Step-by-Step Guide: Importing Steel and Aluminum from Taiwan to Singapore
Step 1: Verify Your HS Code & Product Description
Use the Singapore tariff lookup tool to verify the HS code and ensure accurate product description. Binding tariff information may be available for certain products.
Step 2: Gather Required Import Documents
Commercial Invoice Requirements
The commercial invoice must include specific fields: seller and buyer information, product description, quantity, weight, and value in SGD.
Certificate of Origin
A Certificate of Origin is required for certain products. The ASTEP origin certificate may be applicable for Steel and Aluminum imports from Taiwan.
Packing List & Shipping Documents
A bill of lading or airway bill is required, including specific Singapore requirements such as the shipper's and consignee's details.
Step 3: Calculate Your Landed Cost
Calculate the landed cost using the formula: CIF Value + Customs Duty (8.5% of CIF) + VAT/GST (20% of CIF + Duty) = Total Landed Cost in SGD.
Step 4: Submit to Singapore Customs Authority
Submit the declaration through the Singapore Customs declaration system. Importers must comply with Singapore's Strategic Goods Control regime, which requires a permit for certain dual-use items.
Step 5: Pay Duties & Clear Goods
Pay duties using accepted payment methods, and clearance typically takes a few days.
How to Legally Reduce Duty on Steel and Aluminum Imports into Singapore
Applicable Free Trade Agreements in 2026
The ASTEP agreement provides tariff reductions for certain Steel and Aluminum products from Taiwan. This can result in lower duty rates for eligible products.
Duty Deferral Options: Bonded Warehouses & FTZs
Singapore Free Trade Zones offer duty deferral options. Goods can be stored in these zones without paying duties until they are released into the Singapore market.
Preferential Tariff Programs
No preferential tariff programs currently apply to Steel and Aluminum imports from Taiwan.
Singapore Customs Compliance Rules for Steel and Aluminum
Singapore Customs Requirements for Steel and Aluminum
Singapore Customs requires specific filing and documentation, including PSB test certificate and ICAS certification for certain Steel and Aluminum products.
De Minimis Threshold
The de minimis threshold is 400 SGD. If the total duty payable is below this threshold, no duties are payable.
Anti-Dumping or Safeguard Duties
Anti-dumping duties may apply to certain steel products from Taiwan. Verify with your customs broker for specifics on Steel and Aluminum imports.
Frequently Asked Questions About Steel and Aluminum Import Duty from Taiwan to Singapore
What is the duty rate for Steel and Aluminum imports from Taiwan?
The duty rate is 8.5% for most Steel and Aluminum products. However, some products may be eligible for reduced rates under the ASTEP agreement.
What documents are required for importing Steel and Aluminum into Singapore?
Required documents include a commercial invoice, bill of lading, and Certificate of Origin. Additional documents may be required for certain products, such as a PSB test certificate.
Is my Steel and Aluminum import eligible for FTA benefits under ASTEP?
Eligibility depends on the specific product and its HS code. Verify with your customs broker to determine if your product is eligible for ASTEP benefits.
What are the penalties for non-compliance with Singapore Customs regulations?
Penalties for non-compliance include fines and potential delays in clearance. Singapore Customs enforces these penalties to ensure compliance with regulations.
What is the typical clearance timeline for Steel and Aluminum imports into Singapore?
Clearance typically takes a few days, but this may vary depending on the complexity of the shipment and compliance with regulations.
Can I store my Steel and Aluminum imports in a bonded warehouse in Singapore?
Yes, Singapore Free Trade Zones offer duty deferral options for storing goods in a bonded warehouse. This can help manage cash flow and reduce duties payable.