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WHAT’S IMPORT DUTY AND EXCISE DUTY

IMPORT DUTY

Import duty is mostly imposed ad valorem although some specific duties are imposed on a number of items. Nevertheless, over the last few years, Malaysia has abolished import duties on a wide range of raw materials, components and machinery.

Furthermore, Malaysia is committed to the ASEAN Common Effective Preferential Tariffs (CEPT) scheme under which import all industrial goods traded within ASEAN are imposed import duties of 0% to 5%.

EXCISE DUTY

Excise duty are levied on selected products manufactured in Malaysia namely cigarettes, tobacco products, alcoholic beverages, playing cards, mahjong tiles and motor vehicles.

Last Updated ( Friday, 21 March 2008 )

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Email: tan@fswongco.com

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