Licensed Manufacturing Warehouse

24 Nov, 2017, Kuala Lumpur

FOCUSING ON
  • Customs Organization & Structure
  • Relevance of LMW license to Manufacturing Companies
  • Licensed Manufacturing Warehouse
  • Application for LMW License/Documentation
  • Exemptions under LMW
  • LMW procedures and documentation
  • Farming out / subcontract
  • Import & Export Prohibitions applicable to LMWs
  • Accounting for losses by fire, floods and theft
  • Control over premises and enforcement by controlling station
  • Activities other than Manufacturing
  • Accounting for GST on LMWs
  • Conditions of LMW and penalty for non compliance
  • GST implications on LMW’s
  • Offences & Penalties
OBJECTIVE

The objective of this Seminar is to provide participants with the detailed knowledge of Licensed Manufacturing Warehouse. The seminar will highlight in detail the eligibility criteria, procedures, documentations and conditions related to LMWs and the implications of GST on LMW procedures / documentation.

METHODOLOGY
Interactive Lectures, Discussions and Q & A sessions.
WHO SHOULD ATTEND
This course is suitable for all manufacturers, importers, exporters, trading houses, tax consultants and practitioners in understanding the complexity of customs procedures.
AFTER ATTENDING THIS COURSE,
YOU WILL RETURN TO YOUR JOB…
  1. Understanding the Concept of Licensed Manufacturing Warehouse
  2. Knowing the exemptions made available and other activities presently allowed in LMWs
  3. Learning the conditions imposed and compliance issues
  4. Understanding the Procedures and Documentations related to LMWs
  5. Learning GST implications on LMW procedures & documentation
 
COURSE CONTENT
9:00 CUSTOMS ORGANIZATION & STRUCTURE
 
  RELEVANCE OF LMW LICENSE TO MANUFACTURING COMPANIES
 
  LICENSED MANUFACTURING WAREHOUSE
  • Concept of LMW
  • Legislation – Section 65/65A Customs Act 1967
  • Objective of setting up LMWs
  • Requirement for Premises
  APPLICATION FOR LMW LICENSE / DOCUMENTATION

  EXEMPTIONS UNDER LMW
  • Exemptions on Raw Materials & Components and conditions imposed
  • Exemptions on Machinery, equipment & spare parts and conditions imposed
  • Items not eligible for exemptions
  LMW PROCEDURES AND DOCUMENTATION
  • Movement of goods & documentations
  • Release to domestic market and ATIGA rate of duty
  • Third Party Exports
  • Disposal/destruction of goods – procedures and documentation
  • Goods returned for repair
  • Documentation – K1, K2, K3, K9, GPB1, GPB2
  FARMING OUT / SUBCONTRACT
  • Procedures, Conditions and Documentation
  IMPORT & EXPORT PROHIBITIONS APPLICABLE TO LMWS
 
1:00 Lunch

2:00 ACCOUNTING FOR LOSSES BY FIRE, FLOODS AND THEFT

  CONTROL OVER PREMISES AND ENFORCEMENT BY CONTROLLING STATION
 
  ACTIVITIES OTHER THAN MANUFACTURING
  • Value Added Activities
  • Repairing, Servicing & Remanufacturing
  • International Procurement Centre
  • Regional Distribution Centre
  ACCOUNTING FOR GST ON LMWS
  • Treatment for Imports & Exports
  • Domestic Sales to another LMW and FIZ Companies
  • Accounting for losses & destruction
  • Subcontract & Farming Out
  • Third Party Exports and Implications
  • Treatment of IPC activities
  • Valuation Principles
  • ATS / ATMS Schemes
  CONDITIONS OF LMW AND PENALTY FOR NON COMPLIANCE

  GST IMPLICATIONS ON LMW’S

  OFFENCES & PENALTIES

5:00 End of Course


 

LEARN FROM THE BEST

P. 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 indepth knowledge of various customs legislations including Customs Act, Sales Tax Act, Service Tax Act, Excise Act and other subsidiary legislations. He has vast experience in Customs matters and has been a guest lecturer at the Royal Malaysia 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 a 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 and Administrators and an Associate Member of Chartered Tax Institute of Malaysia (ACTIM) and is currently involved in customs litigation and rendering of consultancy services on Customs matters.

 

VENUE DETAILS

Vistana Kuala Lumpur
9 Jalan Lumut Off Jalan Ipoh
50400 Kuala Lumpur

Phone :03 4042 8000
Fax :03 4041 1400

 

IPA TRAINING IS REGISTERED WITH

 

CONTACT US

Juliany, 
O - 03 2283 6109,
M - 019 3134436
juliany@ipa.com.my 

Michelle, 
O - 03 2283 6100, 
M - 019 363 7822
michelle@ipa.com.my 

For Customised In-House Training
Yvonne,
O - 03 2283 6101, 
M - 012 2011247,

F - 03 2283 6108
 
yvonne@ipa.com.my
 

ADDRESS 

A-28-5, 28th Floor, 
Menara UOA Bangsar, 
No.5, Jalan Bangsar Utama 1, 
59000 Kuala Lumpur
www.ipa.com.my