Free Trade Areas (FTAs) And Licensed Manufacturing Warehouse (LMWs)

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Private Class from

2400/day

(2 Days)

BENEFITS

Upon completion of this program, participants will be able to:

  • Understand the concept of Licensed Manufacturing Warehouse
  • Understand the conditions to be complied with, its application and what benefits are derived from making use of such facility and not the least the requirements to be complied with
  • Understand how exporters, importers and manufacturers can expand their share into various markets through preferential tariff treatment
  • Envisage growth of new sectors such as high technology industries, biotechnology, manufacturing related services, ICT and multimedia
  • Understand how FTAS could assist in further development of SME and remain competitive not only in Malaysia but also in the global market

INTRODUCTION

The objective of Licensed Manufacturing Warehousing this training is to provide participants with the detailed knowledge of one of the facilities available to all manufacturers to claim import duty exemptions on raw materials, components, machinery, equipment and parts.

The objective of Free Trade Areas is to provide participants with the knowledge on the various Free Trade Agreements Malaysia has signed and how these FTAS seek to promote trade, investment, economic development and enhance competitiveness of Malaysian exporters and importers. It also seeks to examine the tariff and non-tariff barriers and the implementation of tariff concessions for importers and exporters and how they can benefit in expanding their markets in the world of globalization

AUDIENCE

This program is designed for all Traders, Manufacturers, importers, Exporters who desire to obtain import duty exemptions, tax and who want to take advantage of benefits offered by FTAS in reducing costs, expand into new market and to remain competitive; Tax Consultant, Finance Manager and Accountants

METHODOLOGY

This program is essentially participative and practical, emphasizing learning through experience, both from structured activities on the program e.g. Role plays, group work, video screening, case studies and discussion from individual experience

CUSTOMS ORGANIZATION & STRUCTURE
LICENSED MANUFACTURING WAREHOUSE
  • Legislation – Section 65 / 65a Customs Act
  • Objective Of Setting Up LMWS
  • Location Of LMW And Type Of Premises
APPLICATION FOR LMW LICENSE / DOCUMENTATIONS
EXEMPTIONS UNDER LMW
  • Exemptions On Raw Materials & Components
  • Exemptions On Machinery, Equipment & Spare Parts
  • Items Not Eligible For Exemption
LMW PROCEDURES AND DOCUMENTATION
  • Movement Of Goods & Documentations
  • Release To Domestic Market And Rate Of Duty Applicable
  • Third Party Exports Import / Export Prohibitions
  • Farming Out / Subcontract – Conditions
  • Disposal / Destruction Of Goods – Procedures
    • Losses By Fire, Flood And Thefts
    • Import & Export Prohibitions
CONTROL OVER PREMISES AND ENFORCEMENT BY CONTROLLING STATION
IPC ACTIVITIES IN LMW
VALUED ADDED ACTIVITIES IN LMW
CONDITIONS OF LMW
OFFENCES & PENALTIES UNDER LMWS
OBJECTIVES OF FTAS
RATIONALE BEHIND FTAS
SCOPE OF FTAS
REGIONAL AND BILATERAL FTAS
  • ASEAN Free Trade Area (AFTA)
  • ASEAN China Free Trade Area (ACFTA)
  • ASEAN Korea Free Trade Area (AKFTA)
  • Malaysia Japan Economic Partnership Agreement (MJEPA)
  • Malaysia Pakistan Free Trade Agreement (MPFTA)
BENEFITS OF FTAS
  • Movement Of Goods & Documentations
  • Release To Domestic Market And Rate Of Duty Applicable
  • Third Party Exports Import / Export Prohibitions
CERTIFICATES OF ORIGIN & ISSUING AUTHORITIES
  • AFTA – Borang D
  • ACFTA – Borang E
  • AKFTA – Borang AK
  • MJEPA – Borang MJEPA
  • MPFTA – Borang MPFTA
DETERMINATION OF ORIGIN CRITERIA
OPERATIONAL / CERTIFICATION PROCEDURES FOR RULES OF ORIGIN
APPLICATION PROCEDURES FOR CERTIFICATE OF ORIGIN
CLAIM FOR PREFERENTIAL TARIFF AND RELATED CUSTOMS PROCEDURES
APPLICATION OF HARMONISED SYSTEM CODING (HS) IN FTAS

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