This course has been updated to

2 Days Training on LMW – Concepts, Procedures, Documentations & Compliance. Please click HERE to view the new course.

However, if you wish to have this course as In House training, please contact our office at +60351663399 / +60104403399 for further assistance.

     HRD Corp Programme Number : 1000144073

INTRODUCTION

The objective of this Seminar is to provide participants with the detailed knowledge of Licensed Manufacturing Warehouses. The course will highlight in detail the eligibility criteria, procedures, documentations and conditions related to LMWs and will guide the participants on the common mistakes/pitfalls made by LMW companies which are generally subjected to frequent Customs Audit. The course will also cover the latest amendments related to LMWs which takes effect from 01.01.2020.

 

 

Training Date :
Please contact our office at +60351663399 / +60104403399 for further assistance 

 

 

LEARNING OBJECTIVE 

Participants will be able to understand in detail :-

• The Concept of Licensed Manufacturing Warehouse (LMW)
• Exemptions made available and other activities presently allowed in LMWs
• Conditions imposed and compliance issues related to LMWs
• Procedures and Documentations related to LMWs
• Common mistakes made by LMW companies and how to avoid them

WHO SHOULD ATTEND

This course is suitable for

• CEOs
• Managing Directors
• General Managers
• Logistics/ Shipping/ Purchasing/ Export/ Import Managers and Executives
• Business Development Managers and Executives
• Finance Managers
• Accountants
• Tax Consultants
• Existing LMWs
• Manufacturers who desire to obtain import duty exemptions
• Those dealing with RMCD

COURSE CONTENT

1. Customs Objectives and Organisation Structure
2. Manufacturing Company Vs LMW Company
3. Scope of Licensed Manufacturing Warehouse

• • Concept of LMW
  • Legislation – Section 65 / 65A Customs Act 1967
  • Objective of setting up LMWs
  • Requirement for Premises

4. Application for LMW License/Documentation
5. Exemptions available under LMW

• • Exemptions on Raw Materials, Components, Accessories and Packaging Materials
  • Exemptions on Machinery, Equipment & Spare Parts
  • Items not eligible for exemptions

6. LMW procedures and documentation

• • Movement of goods & documentations
  • Release to domestic market and payment of duty
  • Procedures to apply for ATIGA rate of duty on local sales
  • Procedures related Third Party Exports
  • Goods send for repair and returned for repair
  • Documentation – K1, K2, K3, K9, GPB1, GPB2,GPB Am, M1, M2, M3 and M4
  • Drop Shipment

7. Waste & Scrap – Application & Documentation

• • Application for Disposal Machinery / Equipment
  • Sale of Waste & Scrap
  • Destruction of Waste & Scrap
  • Application for Remission of Duty

8. Subcontract / Farming Out

• • Application procedures related to subcontracting out of raw materials / components
  • Application procedures related to accepting subcontract materials / components
  • Documentations and Conditions

9. Accounting for losses by fire, flood and theft

10. Inspection and enforcement by Controlling Station

11. Other activities allowed in LMW Premises

            – Value Added Activities

            – Repairing, Servicing & Remanufacturing

            – International Procurement Centre (IPC)

            – Regional Distribution Centre (RDC)

            – Trading Activities

12. LMW Conditions and Compliance

13. LMW Compoundable Offences and Penalties

14. Conclusion

DOWNLOAD THE COURSE CONTENT IN PDF FORMAT FROM HERE

 

FACILITATOR

P.NADARAJA
LLB (Hons) Lond., CLP (Malaya), ACIS (UK), ACTIM

Click Here to download P.Nadaraja profile in PDF format

 

Nadaraja was formerly with the Royal Malaysia Customs (1981-1997) as a Senior Officer of Customs having served in various units and his key areas of focus includes customs administration, import and export procedures, classification, valuation, licensing and compliance matters. He posses an in depth knowledge of various customs legislation including Customs Act, Sales Tax Act, Service Tax Act, Excise Act and other subsidiary legislation. He has vast experience in Customs matters and has been a guest lecturer at the Royal Malaysian Customs Academy in Malacca on various occasions to deliver lectures on various aspects of Customs laws and procedures.

In 1997 he left the Customs Department on optional retirement for private practice as an Advocate and Solicitor.

He is now involved in legal practice and at the same time is actively involved in conducting seminars and workshops on customs matters. He has also conducted in house training for various companies including statutory bodies and has advised and consulted upon by companies on issues such as customs and sales tax valuation, classification, service tax matters, drawback, refunds, exemptions and others. He was officially appointed by the Customs Department to conduct Basic Customs Course for forwarding agents during the year 2005 – 2007.

He is also an Associate of the Malaysia Institute of Chartered Secretaries & Administrators and Chartered Tax Institute of Malaysia (ACTIM) and is currently involved in customs litigation and rendering of consultancy & advisory services on Customs matters.

Comments from past participants :

“The trainer provided the learning with clear and quick explanation using chart” – Ms Lau Yu Jun, Accounts Executives, TTOT Sdn. Bhd.

 

 

CANCELLATION / TRANSFER

Upon registering, participant(s) are considered successfully enrolled in the event.  Written cancellations / transfer notice received :

• More than ten (10) working days before the event, a refund (less administrative charge of 15%) will be made.
• Ten (10) working days or less before the event, no refund will be made.
• For no show on the day of the event, full payment is required. If you cannot attend the event, you can nominate a substitute at any time without payment of an administration fee.
• A full (100%) refund may be granted if the course is cancelled by Wanfah Prosper PLT (WFP). WFP reserves the right to postpone or cancel the event and / or change facilitator at any time should circumstances beyond its control arises. WFP also reserve the right to make alternative arrangements without prior notice should it be necessary to do so.

Payment

Please make cheque payable / direct credit to :WANFAH PROSPER PLT

Accounts Number : 3812930508

Bank : Public Islamic Bank Berhad

DATA PROTECTION

Personal Data is gathered in accordance with the Personal Data Protection Act 2010 (Act 709)