Price drop ?

[angsu]

Base on past experience, if u bought only one watch and was wearing your new watch when entering Singapore...that shouldn't be a problem. Let's say u (being a guy) bought a nice hermes bag for your spouse and when custom scans your bag(normally its random checking), they won't buy your explanation if you say that's your bag and it's used. They will fine you 10x the GST value, if you did not declare it in the first place.

Like one of the guys here mentioned," do what u like, just don't get caught"

even wearing it? how about 2nd hand?

[myjianrong]

even wearing it? how about 2nd hand?

[myjianrong]

don't know about this....in any case even one rolex bought from europe still need to pay Tax!

[angsu]

Just FYI
http://www.customs.gov.sg/NR/rdonlyr...al_website.pdf

[angsu]

We are granted up to $300 GST reliefs.
GST Reliefs (based on the value of goods)
Period away from Singapore Below 18 years old 18 years old and above
Less than 24 hours No relief S$50
24 to less than 48 hours S$ 50 S$150
48 hours or more S$100 S$300

If you get caught for not declaring,
the fine for out-of-court settlement for first time offence is 10 times the duty amount subject to a minimum of $50.
So....an undeclared $10,000 watch can set you up for a $7000 fine...

I think our ICA folks will invite u go dink coffee as you are trying to evade the 7% gst.

FYI- anything more the value of $800.00 need to go red lane and declare gst.

In army there is a saying, you can do anything but don't get caught.

[myjianrong]

after VAT worth buying la....but 20pcs..not sure will get bs at airport there or not...

[myjianrong]

buy few in europe after VAT can save quite a lot...

[Ken3]

wah, i really doubt so... but i also hope too.. anyone checking?

maybe shd go check out some PP with our local ADs if they are nice enuf to lower px as well?

[minimerc]

maybe shd go check out some PP with our local ADs if they are nice enuf to lower px as well?

[minimerc]

Interesting!!

http://www.rolexforums.com/showthread.php?t=217419

prrobably a wrong quote by SE. rolex watches are not price elastic products, so unlikely to drop px to up demand. furthermore, weaker chf translates to fatter margins to rolex due to fx gains. btw, chf effectively pegged to eur by snb and eur trading highr agianst usd compared to weeks ago.

[silversurfer]

Demand is always exceeding supply

For some models only. If demand exceeds supply, shelves will be empty.

[myjianrong]

Interesting!!

http://www.rolexforums.com/showthread.php?t=217419