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[01] INTRODUCTIONA Licensed Manufacturing Warehouse is a manufacturing facility licensed under the Customs Act 1967 and its operations and movement of goods are monitored by the Royal Malaysian Customs Department (Jabatan Kastam Di Raja Malaysia). This program will assist manufacturers operating under the jurisdictions of LMW to understand its procedures, practices, compliance and to maximise the benefits provided under the LMW scheme.
[02] COURSE OBJECTIVES
By the end of this program, participants will be able to:
• Understand deeper on the LMW concept and its practices
• Facilities, benefits and incentives provided, and activities allowed under LMW
• Procedures and documentations on LMW
• The connectivity between the Sales Tax Act and the LMW
[03] PREREQUISITES
Participants who are involved in import and export activities, as well as having frequent interactions with the Customs officers on matters related to LMW and its proceedings.
[04] TARGET AUDIENCE
Those program is designed to those who are attach to the logistics, shipping, trade compliance, purchasing, finance and any company employees who are frequent dealers with the Customs Department and its officers.
[05] DATE, TIME, FEE
Date : 23 - 24 February 2021 (Tue - Wed)
Time : 9am - 5pm
Venue: The Light Hotel, Prai
Duration: 2 Days
FEE
[HRDF Claimable]
- Special Offer (before 12 Feb 2021) - RM 1,090
- Normal Fee - RM 1,190
* Fee includes Course Notes, Certificate of Completion & 6% Government Service Tax
[06] COURSE OUTLINE
DAY 1
[01] Introducing the LMW
a. What are the legal provisions of the LMW?
b. Objectives of LMW
c. Application for LMW license
d. Bank Guarantee/General Bond
e. LMW license renewal f. Types of premise
[02] Facilities and Incentives under LMW
a. Exemptions for raw materials and components
b. Exemptions for machineries, equipment and spare parts
c. Exemptions for finished goods sales and exports
d. Additional exemptions allowed on ad-hoc basis
e. Sub-contract works
[03] Goods Movement Proceedings in LMW
a. Types of movement of goods
b. Documents required for movement of goods
c. Sub-contract work movements
d. Scrap and waste disposal in LMW
e. Re-import for repair or rework purpose
f. Export for repair or rework purpose
g. Re-export raw materials, machines or equipment to supplier for repair, rework, replacement or due to order cancellation
h. Goods storage in Public Bonded Warehouse
[04] LMW Reporting and Returns
a. Monthly reports
b. Annual reports
c. Sub-contract reports
d. Other co-related reports
[05] Remissions
a. What is remission?
b. Remissions allowed
c. Provisions for remissions
[06] Value-added Activities
a. Types of value added activities
b. Do and don’t of value-added goods
c. Terms and conditions
d. Documentations required
e. Expansion of value-added activities in LMW
DAY 2
[07] Drop Shipment
a. What is drop shipment?
b. Drop shipment flow
c. Documents/declarations in drop shipment
[08] Methods of Sales and Their Tax Implication
a. Drop ship
b. Consignment stocks
c. Export
d. Export via 3rd party
e. Samples of various transactions
[09] Receivership, Liquidation and Winding-up
a. Definition
b. Provisions for receivership, liquidation, winding-up
c. Reason of receivership, liquidation, winding-up
d. Documents required
[10] Authorised Economic Operator (AEO)
a. Definition and origin
b. Benefits of being in AEO
c. Who can apply for AEO
d. Goods not accepted under AEO consideration e. Conditions prior to AEO application
[11] Inspection, Investigation, Checks (Audit) and Penalties
b. Penalties for non-compliance
[12] Principal Hub (formerly known as International Procurement Centre-IPC and Regional Distribution Centre-RDC)
a. Definition and origin
b. Principal Hub objectives
c. Who can apply? d. Eligibility criteria e. Incentives
f. Challenges
Q&As
[07] SPEAKER PROFILE
HC WONG
HRDF Certified Trainer, Consultant
Mr H.C. Wong, PJK, MBA (Paris), CSCSS (CiiSCM), TCC (TAPA), the facilitator of this program, is a HRDF certified trainer. He has more than 27 years of experience in the field of logistics, trade administration, shipping, warehousing, purchasing and customer service in the manufacturing sector.
He has a MBA in Management (Paris Graduate School of Management). Asides his academic credential, he is also a Certified Supply Chain Security Specialist (Chartered International Institute of Security & Crisis Management), a TAPA Certified Coordinator and has also obtained an Executive Customs Agency Certification from the Royal Malaysian Customs Academy (AKMAL).
Throughout his career, he has involved in several set-ups of manufacturing logistics and warehousing, trade compliance, logistics projects and had organised series of in-house training programs for logistics and shipping staffs and new hires; handled series of developments in ensuring successful transition in C-TPAT and AEO implementations and audits; developing safety and security standards for warehousing and shipping process and has also involved in logistics restructuring in several companies.
Asides, he has also involved in series of improvements and developments throughout his career, such as restructuring of warehousing and developing its storage system to improve material efficiency and movement with RF systems and scanning; written and developed number of operating procedures (SOP) to ensure its implementations are carried out in order; initiated MHE upgrading project to convert fleet ownership to rental which had saved about RM200,000 per annum in operational costs; has also initiated a logistics optimization project which had save the company of RM500,000 per annum in shipping and other logistics cost.
[08] ENQUIRY & REGISTRATION
Registration: https://sst2u.com/detail.aspx?id=674
Enquiry: [email protected]
Contact:
Teo (011 - 3178 9203)
Logesh (012 - 503 0346)
Siti (012 - 383 8603)
Han (019 - 323 0507)
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Event Venue & Nearby Stays
The Light Hotel Penang, Lebuh Tenggiri 2, Bandar Seberang Jaya, 13700 Penang, 13700 George Town, Penang, Malaysia