Malaysia: Up to 30% import duty exemption on 90 items used in the manufacturing sector

September 2015

September 2015 | Malaysia

On 14 September 2015, the Malaysian Prime Minister announced that 5-30% import duty exemptions will be given to approximately 90 items used in the manufacturing sector. These items include spare parts, consumables, research or testing equipment which are not produced locally.

This is in addition to 319 items which import duty exemptions were already provided earlier.

Applications for this import duty exemption must be made to the Malaysian Investment Development Authority (MIDA) or the Royal Malaysian Customs Department before the spare parts, research or testing equipment are imported into Malaysia. The application will be evaluated and granted on a case by case basis.

This measure is introduced with the aim to help alleviate the manufacturers’ cost of doing business, strengthen the country’s economic and address the impact of financial turbulence on the local economy.

 

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