Everything You Need to Know about Licensed …

1 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.

2 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)

3 - Removal of Goods for Purposes of Export - Exports through Trading Houses Licensed manufacturing warehouse - Disposal of Waste and its Methods - Finished Goods Returned of Goods for Reprocessing or Repair - Drawback of Duty Paid on Goods Sold to a LMW - Storage of Goods in a Public Bonded warehouse - International Procurement Centre (IPC) within the LMW - Value-added Activities in a LMW Common Areas of Non-compliances of LMW Licensing Conditions Malaysian Goods and Services Tax (GST) Treatment for LMW GST Treatment on LMW GST Implications to manufacturing GST Treatment for LMW GST Implication on Goods Supplied from LMW Accounting for Output Tax and Customs Duty GST Special Valuation GST Implication on Services Acquired by a LMW Farming Out Within Malaysia Farming Out Outside Malaysia Sub-contract Work under Approved Toll Manufacturer Scheme (ATMS) Drop Shipment Employee Benefits Loan on Stock and Equipment Discount Trade-in Goods Other Transactions Special Schemes Approved Trader Scheme (ATS)

4 Quality and Correct Declaration of Imported Raw Materials, Machine and Equipment Vide Customs No. 1 Using LMW Import Duty Exemption and GST ATS Approval Approved Toll Manufacturer Scheme (ATMS) Warehousing Scheme (WS) Designated Areas What Businesses should do to be GST- Compliant - Establishing GST Committee - Business Preparation - Modification to accounting system - Preparing Tax Invoices in line with Section 33 GST Act 2014 and Regulation 22 GST Legal and Regulatory compliance - Awareness of GST Legal and Regulatory compliance GST Act 2014 GST Regulation 2014 GST (Relief) Order 2014 GST (Zero Rated Supplies) Order 2014 GST (Exempt Supplies)

5 Order 2014 - Awareness of Price Control and Anti-Profiteering Act 2011 Section 14 Offense to Profiteer Section 15 Mechanism to Determine Un-reasonably High Profit Section 18 Penalty - GST Audit - Guide Towards Ensuring that Your Accounting Software is GST Compliant - Utilising GST Taxpayer Access Point (TAP) - GST Forms, in Brief 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. He has more than 35 years of experience in the Royal Malaysian Customs Department.

6 He has served hands-on in various divisions of the Department namely; the Import / Export at the Air Cargo Subang International Airport, Kuala Lumpur Sales Tax; Taiping Industries; Ipoh Industries / Free Industrial Zone and the Passenger Examination Divison at the Penang International Airport. He was also actively involved in the Subang International Airport Air Cargo User Task Force Team that developed the Customs Information System (SMK) between 1994 1996. He was the Head of Customs of the Free Commercial Zone Division at the Second Air Cargo Complex (MAB), Penang International Airport for four (4) years and as the Head of the Post Import Audit Division, Ipoh, as Senior Assistant Director of Customs.

7 Upon retirement in May 2011, he worked as Logistics and compliance Manager with a private company for two years. He has also conducted numerous lectures for the benefit of the manufacturing and service sectors in areas of Customs laws, regulations and related procedures. He is currently a HRDF registered Trainer and Customs Advisor with a private consulting firm. FACILITATOR Dates : September 8 - 9, 2015 Time : am pm Venue: Shah Alam Convention Centre No. 4 Jalan Perbadanan 14/9 40000 Shah Alam, Selangor Darul Ehsan * Early Bird Fees (Register before August 8, 2015): FMM Members - RM1060 per participant (inclusive of GST) Non Members - RM1378 per participant (inclusive of GST) Regular Fees.

8 FMM Members RM 1,272 per participant (Inclusive of GST) Non Members RM1,590 per participant (Inclusive of GST) (Fees include course materials, Certificate of Attendance, lunch and refreshments) *Enjoy 10% for registration of two (2) and 20% discount for registration of three (3) or more participants from the same organisation and of the same billing source. ADMINISTRATIVE DETAILS Registration is on a first-come first-served basis. Cheques made in favour of the FMM Institute should be forwarded one week before the commencement of the programme.

9 Completed registration form, that is faxed, mailed or e-mailed to FMM Institute, would be deemed as confirmed. All cancellations must be made in writing. There will be no charge for cancellation received 14 or more working days before the start of the programme. Cancellation received 7 13 working days before the start of the programme is subject to a cancellation fee of 50% of the course fees. Cancellation received 6 working days and below before the start of the programme is subject to a cancellation fee of 100% of the course fees. If the participant fails to attend the programme, the full course fees are payable.

10 However, replacement can be accepted at no additional cost. A 6% GST will be imposed for training programmes scheduled from April 1, 2015 onwards. The FMM Institute reserves the right to change the facilitator, reschedule or cancel the programme and all efforts will be taken to inform participants of the changes. Should the programme be cancelled or postponed, FMM Institute is not responsible for covering airfare, hotel or other travel costs incurred by the participants. For further enquiries, please contact: Pn Nazihah / Pn Shimah / Pn. Sara FMM Institute Tel: 03-62867200 Fax: 03-62776712 Visit us at Understand the concept, laws and regulations in the operation of LMW Learn of facilities , incentives and benefits granted by Royal Malaysian Customs applicable for the LMW Learn the treatment of GST on LMW and be GST compliant in operating the LMW Be equipped with realistic cost analysis of manufactured products for better competitiveness OBJECTIVES WHO SHOULD ATTEND Logistics / Shipping / Finance Managers and Executives, LMW Operators and Freight Forwarders.