Transcription of Everything You Need to Know about Licensed Manufacturing ...
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Everything You Need to Know about Licensed Manufacturing ...
Centre for Professional Development In-House Training Available Everything You Need to Know about Licensed Manufacturing Warehouses: Facilities Compliance and Latest Updates Including GST Treatment and Its Operational GST Compliance A Licensed Manufacturing Warehouse (LMW) is a premise Licensed under Section 65A of the Customs Act 1967 and is directly controlled by the Royal malaysian Customs, by way of documentation and subject to all Customs rules and regulations. This workshop will help companies operating LMWs to be GST compliant and how to treat the GST elements so as to maximise the benefits of special schemes for LMWs. In addition, learn to avoid practices construed as unfair so that your company will not be subject to heavy penalties. CONTENTS FMM Institute September 8-9, 2015 Shah Alam Convention Centre Introduction of Licensed Manufacturing Warehouse (LMW) -LMW Concept under Section 65/65A Customs Act 1967 -Application and Renewal of LMW license -20 Conditions of LMW license under Section 65/65A Customs Act 1967 Facilities and Incentives Eligibility and Procedure for Application -Duty Exemption on Raw Material/Components -Duty Exemption on Machineries/Equipment/Spares - Sub-contract Works - Submission of Monthly/Yearly Returns (M1, M2, M3 & M4) - Removal
Mr Jeyasingam Ratnasingam has vast experience and an abundance of knowledge in the field of administration and enforcement of Malaysian Customs laws, regulation and related procedures.
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