The Open Market Value (OMV) of a vehicle is assessed by the Singapore Customs, based on the price actually paid or payable for the goods when sold for export to the country of importation. This price includes purchase price, freight, insurance and all other changes incidental to the sale and delivery of the vehicle to Singapore.
The Open Market Value (OMV) of a vehicle is assessed by the Singapore Customs, based on the price actually paid or payable for the goods when sold for export to the country of importation. This price includes purchase price, freight, insurance and all other changes incidental to the sale and delivery of the vehicle to Singapore.
Source: LTA