Licensed Manufacturing Warehouse (LMW)

22 Feb, 2021, Webinar Classroom Training

IPA Training is Registered with

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Venue Details

Webinar Classroom Training

Contact us

Juliany,
M - 012 2281 247
juliany@ipa.com.my

Michelle,
M - 019 363 7822
michelle@ipa.com.my 

FOR CUSTOMISED IN-HOUSE TRAINING
Yvonne,
M - 012 201 1247
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

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
  • Waste & Scrap – Application & Documentation
  • Farming Out / Subcontract
  • Import & Export Prohibitions and LMWs
  • Accounting for losses by fire, floods and theft
  • Control over premises and enforcement by controlling station
  • Activities allowed other than Manufacturing
  • Conditions of LMW and Compliance
  • Common LMW Compoundable Offences
  • Offences & Penalties
OBJECTIVES

The objective of this course is to provide participants with the detailed knowledge of Licensed Manufacturing Warehouse. The course will focus in detail the eligibility criteria, procedures, documentations and conditions related to LMWs.

 

The course will also highlight to the participants the common mistakes/pitfalls made by LMW companies which will be subjected to Customs Audit.

 

The course will also cover the latest amendments which takes effect from 01.01.2020.

AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB UNDERSTANDING IN DETAIL …
  1. Concept of Licensed Manufacturing Warehouse
  2. Exemptions made available and other activities presently allowed in LMWs
  3. Conditions imposed and compliance issues
  4. Procedures and Documentations related to LMWs
  5. Common mistakes made by LMW companies and how to avoid them
WHO SHOULD ATTEND
This course is suitable for existing LMWs and other manufacturers who desire to obtain import duty exemptions, tax consultants, finance mangers and accountants.
METHODOLOGY
Interactive Lectures, Discussions and Q & A Sessions.
COURSE OUTLINE
9:00

CUSTOMS ORGANISATION & 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
10.45

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 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 and M2
 

WASTE & SCRAP – APPLICATION & DOCUMENTATION

  • Application for remission of duty
  • Sale of Waste & Scrap
  • Destruction of Waste & Scrap
 

FARMING OUT / SUBCONTRACT

  • Application, Procedures, Conditions and Documentation related to subcontracts
1.00 Lunch
2.00

IMPORT & EXPORT PROHIBITIONS AND LMWS

 

ACCOUNTING FOR LOSSES BY FIRE, FLOODS AND THEFT

 

CONTROL OVER PREMISES AND ENFORCEMENT BY CONTROLLING STATION

 

ACTIVITIES ALLOWED OTHER THAN MANUFACTURING

  • Value Added Activities
  • Repairing, Servicing & Remanufacturing
  • International Procurement Centre
  • Regional Distribution Centre
3.45

CONDITIONS OF LMW AND COMPLIANCE

 

COMMON LMW COMPOUNDABLE OFFENCES

 

OFFENCES & PENALTIES

5.00 End of Course