Licensed Manufacturing Warehouse (LMW)

24 May, 2023, Remote Online Training - Public

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Mr. 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 possess an in-depth 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 government and 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 in subordinate and High Courts and renders consultancy and advisory
services on Customs matters to various companies.

Venue Details

Remote Online Training - Public

Contact us

Juliany,
03 2283 6109
juliany@ipa.com.my

Phoebe,
03 2283 6100
phoebe@ipa.com.my 

FOR CUSTOMISED IN-HOUSE TRAINING
Jane,
03 2283 6101
Jane@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 Objectives And Organisational Structure
  • Scope Of Licensed Manufacturing Warehouse
  • Application For LMW License/Documentation
  • Exemptions Available Under LMW
  • LMW Procedures And Documentation
  • Waste & Scrap – Treatment And Documentation
  • Subcontract/Farming Out
  • Accounting For Losses By Fire Flood And Theft
  • Other Activities Allowed In LMW Premises
  • LMW Conditions And Consequences Of Non-Compliance 
INTRODUCTION

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.

COURSE LEARNING OUTCOMES (CLO)
  1. Describe Concept of Licensed Manufacturing Warehouse.
  2. Know Exemptions made available and other activities presently allowed in LMWs.
  3. Discuss Conditions imposed and compliance issues.
  4. Explain Procedures and Documentations related to LMWs.
  5. Identify common mistakes made by LMW companies and ways 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 CONTENT
9:00

CUSTOMS OBJECTIVES AND ORGANISATIONAL STRUCTURE

SCOPE OF LICENSED MANUFACTURING WAREHOUSE 

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

 


10.45

APPLICATION FOR LMW LICENSE/ DOCUMENTATION

EXEMPTIONS AVAILABLE UNDER LMW

  • Exemptions on Raw Materials, Components, Accessories and Packaging Materials
  • Exemptions on Machinery, Equipment and Spare Parts
  • Items not eligible for exemptions
  • Conditions to be complied with

 

12.00

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
  • Submission of monthly statement - M1, M2, M3 and M4
  • Application for Approvals from RMCD and GPB Am
  • Treatment of Drop Shipments

 

 

WASTE & SCRAP – TREATMENT AND DOCUMENTATION

  • Application for Destruction / Disposal of Machinery/Equipment
  • Disposal of Waste & Scrap with or without Economic Value
  • Destruction of Waste & Scrap and related procedures
  • Application for Remission of Duty

 

1:00 Lunch
2:00

SUBCONTRACT/FARMING OUT

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

 

 

ACCOUNTING FOR LOSSES BY FIRE FLOOD AND THEFT

3:45

OTHER ACTIVITIES ALLOWED IN LMW PREMISES

  • Application to conduct Value Added Activities
  • Repairing, Servicing & Remanufacturing
  • International Procurement Centre (IPC)
  • Regional Distribution Centre (RDC)
  • Return for Repair and Reprocessing 

 

  LMW CONDITIONS AND CONSEQUENCES OF NON-COMPLIANCE
5:00 End of Course