shipments and falsification of invoices. NMP Neil Parekh Nimil Rajnikant made the point in Parliament on Wednesday . He said a new Bill will create security measures to ensure that goods passing through Singapore undergo very stringent checks enforced by FTZ authorities. Delegating responsibility to licensed FTZ operators and cargo handlers is also more efficient and reflects current industry practices globally.
shipments and falsification of invoices. NMP Neil Parekh Nimil Rajnikant made the point in Parliament on Wednesday . He said a new Bill will create security measures to ensure that goods passing through Singapore undergo very stringent checks enforced by FTZ authorities. Delegating responsibility to licensed FTZ operators and cargo handlers is also more efficient and reflects current industry practices globally.
Source: Law Daily Report (lawdailyreport.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Neil Parekh Nimil Rajnikant on Income Tax (Amendment) BillTaxing gains from the sale of foreign assets received in Singapore by businesses without economic substance in the country may have a very positive outcome, which is that corporates, fund management companies and family offices may choose to expand their operations and business here so that they are exempt. NMP Neil Pa
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Chee Hong Tat on Free Trade Zones (Amendment) BillSingapore is the world’s largest transshipment hub with its attractiveness enhanced by free trade zones (FTZs). There are currently 10 such zones, mainly at the country’s sea and air terminals. Businesses operating in the FTZs enjoy benefits such as exemption from customs duties and simplified customs procedures. H
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Edward Chia on Free Trade Zones (Amendment) BillSingapore’s Free Trade Zones (FTZs) are the “lifeblood” of its entreport trade and the bill’s primary goal is to enhance the security, transparency and efficiency of its FTZs by remaining up-to-date with international best practices and increasing the level of oversight, said MP Edward Chia. Speaking in Parliam
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Shawn Huang on Free Trade Zones (Amendment) BillMany countries have set up Free Trade Zones (FTZs) to boost business activity and reap the benefits, and the Bill stands as a “testament” to Singapore's approach to trade, said MP Shawn Huang. Speaking in Parliament on Wednesday (Oct 4), he noted that FTZs have been instrumental in the evolution of trade in the glo
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Saktiandi Supaat on Free Trade Zones (Amendment) BillWhy is Singapore looking to amend its Free Trade Zones Act now, instead of much earlier? Given that the same three authorities – Jurong Port, PSA Corporation and Changi Airport Group – will continue to manage Singapore’s free trade zones (FTZs), is the amendment “more of form than substance” or will more oper
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Mariam Jaafar on Free Trade Zones (Amendment) BillFree Trade Zones (FTZs) remain core to Singapore's trade strategy, building on and reinforcing its international air and sea hub position, said MP Mariam Jaafar. Speaking in Parliament on Wednesday (Oct 4), she said the proposed changes are timely, as they seek to align Singapore’s regime with international best prac
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »