Page 190 - eBook: EXIM for Beginner

Step 2: GOODS CLASSIFICATION / TAX CALCULATION

 This is really important to provide the buyer with a
precise sale price and avoid exposing the buyer to any

unexpected charges once the transaction has fully
completed.

Used for customs purposes on imports.

The types of duties or Taxes is

• Import: Import Duty, GST, Excise Duty and Anti-Dumping
duty.

• Export: Export Duty and Cess on rubber and its

products.

In Malaysia, there is 6% Government Services Tax (GST) is
charge and collected on all 'taxable and non-taxable

good' imported into Malaysia by any individual of
commercial entity at the point of entry such as sea port

and air port to immigration custom check point.

Importation of zero percent (0%) rated GST goods are

exempted from having to pay the 6% Malaysia good and
services tax.

The purpose of imposition of duties or taxes is to collect
revenue for the government development and to act as
tariff barriers for protection of local industries.