This programme is designed to provide participants with an understanding of the facilities available under the Customs Act in order to obtain relief not only on goods imported or manufactured in Malaysia but also claim for relief for value added services conducted in warehouses.
Awareness of these facilities will auger well for the business community especially in terms of costing their products and to remain competitive not only in Malaysia but also in the global market.
Course Outline Day 1
Licensed Manufacturing Warehouse
• Legislation – Section 65/65A Customs Act
• Objective
• Location of LMW
• Application of LMW License / Documentation
• Type of premises
• Exemptions on raw materials & machinery
• Items not eligible for exemption
• Movement of dutiable goods
• LMW procedures and documentation
• Release to domestic market
• Import / Export prohibitions
• Control over premises by controlling station
• Farming out / subcontract
• Disposal / destruction of goods
• Fire, theft & losses
• Conditions of LMW License
• Offences under LMW License
• Conclusion
Treasury Exemptions
• Legal provisions under Customs Act 1967 and Sales Tax 1972
• Application for Treasury Exemptions
• Exemptions on raw materials & components – PC 2
• Exemptions on machinery / equipment PC 1
• Customs procedure and control of treasury Exemptions
• Importation pending approval
• Enforcement by controlling station
• Disposal of raw materials and machinery
• Destruction of manufacturing waste and defective products or components
• Third party export
• Subcontract / farming out
Terms and conditions of treasury exemption
Refunds
• Introduction
• Refund of duty overpaid or erroneously paid
• Reasons for overpayment or erroneous payment
• Conditions for claim
• Application for refund
wback
• Introduction
• Type of drawback and legal provisions
• Types of refund and legal provisions
• Drawback under Section 93, 95 and 99 Customs Act and Section 29 Sales Tax Act 1972
• Conditions for drawback, claims under Section 93, 95 and 99 Customs Act 1967
• Documents for claim
• Problems associated with drawback claims
Bonded Warehouses
• Introduction
• Legislation
• Concept of Licensed warehouse
• Types of licensed warehouse / type of goods stored and security
• Objective of establishment of licensed warehouse
• Application procedures
• Approving authority
• Activities conducted in Licensed Warehouses
• Issuance of License, fees and renewal
• Movement of goods, customs procedures & documentation
• Responsibilities of licenses
• Storage & handling of cargo
• Approved vehicles
• Survey rooms
• Transshipment of consignment
• Prohibited goods
Free Zones / IPC
• Legislation
• Concept of free zones
• Composition free zone-free industrial zone & free commercial zone
• Establishment of free zone
• Appointment of zone authority
• Application & Approval to operate in free zone
• Goods allowed in FIZ
Course Leader
P.Nadarajah who was formerly from the auditor General’s office from 1976 to 1981 joined the Royal Customs Department where he served in various departments throughout his 16 year tenure until he opted for early retirement to practice law, specializing in Customs Laws. As a Senior Officer of Customs he had served in various divisions including Indirect Taxes, Industries Division and Assessment / Valuation. His expertise in the field of auditing and law augers well in complementing his work as an indirect tax specialist in the department. He was a regular resource person at the Royal Customs Academy in Melaka to conduct training for new recruits. He obtained his LL.B from the University of London and the certificate in Legal Practice (CLP) from the Qualifying Board. He is an Associate member of the Chartered Institute Of Secretaries and administrators (ACIS) and is an affiliate member of the Association of International Accountants (AMIA). He was earlier practicing as a sole proprietor at Messrs P.Nadarajah & Associates from 1998-2002. and is currently practicing under the name of M/s Nadzri, Nada.Ng.
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