Singapore to Update, Drop Fees for Its Networked Trade Platform

Singapore Customs will update its Networked Trade Platform on a rolling basis starting July 1. On this date, the customs administration also will revise its fee schedule, removing all NTP account fees. Traders now will pay for only specific services, such as the application fee of $4 per candidate for Certificate of Non-Manipulation. A $40 per month fee will continue to be charged for firms using the NTP to send and receive files from other businesses, Singapore Customs said.