Malaysian Import and Export Procedures

Particulars to be declared - Malaysian Customs authorities generally require the following particulars in the customs declaration forms.

Particulars of persons: Name and address of importer/exporter, name and address of the consignor/consignee  and name and address of the declarant.
 

Particulars of transport: Mode of transport and identification of means of transport.

Particulars of the goods: Country of origin/country of destination, description of the packages (numbers type, marks and number, weight) and tariff description of the goods.

Particulars for the assessment of duties/taxes: Tariff classification rates of duties and taxes, gross weight, net weight or other quantity and value.

Other particulars: Area where preferential is claimed reference to documents submitted to support the declaration such as import/export license etc. and date and signature of the declarant.


In the course of importing or exporting the goods, the owner of the goods is required to make certain endorsements on the declaration forms.

This is particularly so if the goods in question enjoy certain exemption from duties or taxes, in cases of refund and drawback claims and in cases of temporary importation or exportation of goods.


Support Documents Required for the Declaration form - Next Page 5/9

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Letters of Credit Collection Procedures
3. The foreign bank prepares the letter of credit and mails it to its branch or correspondent bank in the city nearest to the exporter's place of business.
 # Being irrevocable, it cannot be cancelled by the foreign bank that has issued it without the consent of the beneficiary.

4. The bank branch or correspondent bank in the exporter's country (called the advising bank) informs the exporter, by means of a written advice, the details of the letter of credit and the conditions of payment.
 # If it had been a confirmed letter of credit, the exporter's bank would have added its name to the obligation, thereby guaranteeing payment.

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