This course gives a detailed explanation on the legislative requirements of import, export, Transit and Transshipment plus the latest SST Rules which took place on 1.9.2018. It deals with the correct legal procedures which importer, exporter must apply in order to avoid making mistakes which can be very costly to bear.
The trainer gives an in-depth explanation on the latest Sales and Service tax rules in particular on sales tax exemption on import/local purchase of raw materials, components, packing and packaging materials and manufacturing aids
Participants are able to tap the comparative cost advantages of ASEAN Free Trade Agreement amongst the 10 nations (ATIGA) and ASEAN Free Trade Agreements signed with partner countries which can contribute to cost saving by paying 0% import duties on raw materials and finished goods.
Importers /exporters/manufacturers are taught about their legal rights and how to exercise their rights when face with unreasonable queries from the Customs department. It highlights the latest procedures on Classification, Valuation, Customs Ruling, e-review and Customs Appeal Tribunal. Last but not least, it also deals with issues such as unjust/unfair claims lodged by the Customs department & suggestions to overcome these problems.
Brochure
— Course Fee: RM 790.00 (Inclusive of 8% Service Tax) —
- Legislations
- Customs Act 1967;
- Customs Regulations 1977;
- Free Zone Act 1990
- Goods Vehicle levy Act 1983
- Windfall Profit Levy Act 1998
- Countervailing and Anti-Dumping Act 1993
- Sales Tax Act 2018
- Sales Tax ( Person Exempted from Payment of Tax ) Order 2018—Schedule A, B & C.
- Service Tax Act 2018;
- Customs (Prohibition of imports) Order 2017;
- Customs (Prohibition of Exports) Order 2017;
- Customs Duties Order 2017;
- Customs Duties ( Goods of ASEAN Countries Origin & Asean Harmonised Tariff Normenclature & ASEAN Trade In Goods Agreement ) Order 2017
- Malaysia bilateral FTA with 7 countries and AFTA regional FTA with 6 partner countries
- Customs ( Customs ruling ) Regulations 2007
- Sales Tax ( Customs Ruling) 2018
- Customs Duties ( Exemption) Order 2017
- Customs (Rules of Valuation ) Regulations 1999
- Other Customs & Sales Tax subsidiary legislations
- Import & export procedures
- Place of import—Oversea, Free zone, Designated Areas, LMW and Bonded warehouse.
- Place of export;
- What is Transit ? How it works
- What is Transshipment ? Operational flows
- Declaration of customs forms ( manually & by computer);
- Customs Agents
- Customs duties i.e. import duties, export duties, sales tax , excise duties , levy & cess;
- Sales tax exemption ( Schedule A,B,C) on import/local purchase of raw materials,components,packing & packaging materials and manufacturing aids.
- Approved Major Exporter Scheme(AMES) as a new sales tax exempted facilities on purchase of raw materials,components,packing and packaging materials by manufacturers of sales tax exempt goods.
- New Sales Tax and its impact on PCA(SST registered manufacturer,PCA (trading company),DA,FIZ,LMW,LW,DFI—A tabular illustration
- Prohibition of imports and exports;
- Application of import / export licences ( e-permit);
- Exemptions of Customs Duties & Sales Tax under the Customs and Sales tax Orders;
- Power of the Minister to exempt Customs duties & Sales Tax
- Power of the Director General Of customs to exempt Customs duties;
- Assessment of Value of goods;
- Classification of Goods;
- Refund, Drawback, LET & Remission of customs duties
- Temporary import;
- Locked vans
- Customs Ruling with regards to application for classification, valuation, taxable person and taxable servicesAppeals for unfair judgments/conviction by the authority
- Power of the Director General Of customs to review on Customs ruling
- e-Review by the Director General of Customs if the appeal was rejected by the Director General of Customs w.e.f. March 2021
- Power of Customs Appeal Tribunal to hear appeal if the Director General of Customs reviewed decision is not in favour of the appellant
- Appeal to Malaysian High Courts