Malaysian Import Export Customs Documentation... Read More
Particulars for the assessment of duties/taxes: Tariff classification rates of duties and taxes, gross weight, net weight or other quantity and value. 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.

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.

Letters of Credit Collection Procedures

12. At the end of the 90 days, the foreign importer, pays the money owed for the goods to the foreign bank which then converts it into the required foreign currency and remits the proceeds to the exporter's bank to pay the exporter.

# If the letter of credit had been confirmed, the exporter would have received its money even though the foreign importer may have failed to pay the required funds to its bank..

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