|
|
|
|
|
|
|
|
|
Home
|
About Us
|
Our Services
|
Event
|
Gallery
|
Legal Update
|
Contact Us
|
Free Zone
Short Writeup
The Free Zone is considered to be a place outside Malaysia. Goods imported into a Free Zone or exported out of one, are free from duty. This is useful for manufacturers who manufacture goods in their factories within the zone for supply to their group in foreign countries. Companies may obtain the status of Licensed Manufacturing Warehouses (LMW’s) and benefit from other available incentives if not in the Free Zone.
The Free Zones Act 1990 and the Free Zone Regulations 1991 are the principal laws governing Free Zones.
Departments & Agencies
The Royal Customs and Excise Department
Statutes & Regulations
Free Zones Act 1990
Free Zone Regulation 1991
Effects of non-Compliance
Penalty for offences under the Free Zones Act 1990.
Every omission or neglect to comply with, and every act done or attempted to be done contrary to the provisions of this Act or any regulations made thereunder shall be an offence and in respect of any such offence for which no penalty is expressly provided, the offender shall be liable on conviction to a fine not exceeding RM5,000. [Section 19].
Compounding of offences
(1) Any senior officer of customs may compound any offence under this Act which is prescribed to be a compoundable offence by requiring the person on reasonably suspected of having committed an offence to pay the sum of money not exceeding RM5,000.
(2) On the payment of such sum of money -
(a) the person on reasonably suspected of having committed an offence, if in custody, shall be discharged and no further proceedings shall be taken against such person; and
(b) any property seized shall be released and no further proceedings shall be taken against such property except that if the property seized consists of goods the import of which into Malaysia is absolutely or conditionally prohibited under any written law and no import license has been issued, such goods or the amount secured under paragraph 27(1) (a) or (b) or the amount realized by sale under paragraph 27(1)(c), as the case may be, shall be forfeited. [Section 33].
Joint us as a member of JUTALINE, you will enjoy the service of a group of our professional consultants in providing you with our professional advise through our web and emails.
Why hassle with the research of the rules and regulations, engage us to conduct on the necessary research just for you.
Join us now!
|
|
Back |
|
|
|
|
|
|
|
| |
