Introduction

This course provides a detailed explanation on the functions of a bonded warehouse, its advantages to importer, exporter and trader. How it benefits the owner who keeps his goods inside a bonded warehouse with suspension of import duties and GST.

Thus allowing an easier flow of cash capital without the financial burden of paying Customs duties in advance.

It includes types of activities which are allowed to carry out, role and responsibilities of a warehouse operator.

It provides the correct import & export procedures and documentations on how goods are deposited into & exported from a bonded warehouse and payment of Customs duties on local sale.

FMM Institute (475427-W), Penang Branch 2767, Mk 1, Lebuh Tenggiri 2, Bandar Seberang Jaya, 13700 Seberang Perai Tengah, Penang Tel: 04 – 3992057 Fax: 04 – 3994863 E-mail: sharrlini@fmm.org.my /remes@fmm.org.my

[GST ID: 001764515840]

FIRST COME, FIRST SERVE BASIS!!

LIMITED 20 SEATS

Bonded warehouse: Benefits, facilities and its

impact plus GST update on drop shipment

Detailed explanation on the purpose of having a warehouse

Types of warehouses. How to apply for a bonded warehouse licence &

conditions to apply for a warehouse licence Renewal of licence Transfer of licence Structural alteration of a warehouse Establishment of a survey room

Types of activities allowed inside a warehouse

1. Warehousing 2. Packing and repacking 3. Consolidation 4. Breakbulking 5. Relabelling 6. Devending 7. Entreport

Customs and GST procedures and documentation

on :

1. Import and deposit of goods into a bonded warehouse

2. Export of goods 3. Drop shipment sale by : LMW-LMW, LMW-

IPC/RDC 4. Local sale 5. Transfer of goods from a warehouse to

another warehouse 6. Sale to individual/instituition

Responsibilities of a warehouse operator 1. Record keeping 2. Submission of monthly report 3. Goods lost or stolen inside the warehouse 4. Safe keeping of dutiable goods

Bonded warehouse: Benefits, facilities and its impact plus GST update on drop shipment

Trainer

Mr Goh Kin Siang is the Deputy Director of Customs, retired. He has 35 years of working experience

in many areas such as import, export, sales tax, customs port, service tax, excise, drawback and refund,

petroleum, finance, industry (LMW, Sec 14.2 & Free Zone), preventive etc. He was the

o Superintendent of Customs Johor Bahru

o Assistant Director of Customs (Internal Taxes) Kuantan

o Lecturer Academy Customs of Malaysia, Malacca

o Senior Assistant Director of Customs, Sarawak

o Senior Assistant Director of Customs, Export Section, Complex Customs Tg Puteri, JB

o Senior Assistant Director of Customs I & II Industry & Internal Tax Division, Malacca

o Deputy Director of Customs, Headquarters, Putrajaya

COURSE OBJECTIVES:

Upon completion of the course, participants will be able

to:

1. Understand the correct warehouse procedures on goods deposited into, taken out and released into the local market and payment of Customs duties.

2. Participants are able to understand the benefits and types of activities allowed to be carried out inside a bonded warehouse.

3. Help importers, exporters and warehouse operator to apply the correct GST Rules on goods deposited into a warehouse and released for export and local sale.

4. Knowing the correct procedures on GST drop shipment sale by:

LMW-LMW

LMW-IPC/RDC

Who should attend?

Importers, exporters, traders and warehouse operators Administrative Details Date: 27 March 2018 (Tuesday)

Time: 9.00am to 5.00pm Venue: Sunway Hotel, Bandar Seberang Jaya,

Fees: Member – RM583.00 per participant (Inclusive 6% GST)

Non- Member – RM689.00 per participant (inclusive 6% GST) Fees include course materials, Certificate of Attendance, lunch and

refreshments)

~SBL Scheme ~

Claimable from HRDF

Bonded warehouse: Benefits, facilities and its impact plus GST update on drop shipment

Completed registration form, faxed, mailed or e-mailed to FMM Institute would be deemed as confirmed. There will be no refund or cancellation within 2 days prior to the programme, 50% refund for cancellation between 3 – 6 days and full refund for cancellation 7 days prior to the programme. However, replacement can be accepted at no additional cost. The FMM Institute reserves the right to cancel or re-schedule the above programme and all efforts will be taken to inform participants of the changes. Closing date for registration is on 16 March 2018.

For further details please contact: FMM Institute, Penang Branch Tel: 04-3992057 Fax: 04-3994863 Attention: Ms Sharrlini/ Mr Remes E-mail: sharrlini@fmm.org.my/ remes@fmm.org.my Dear Sir/Madam, Please register the following participant for the above programme: 1. Name :_____________________________________________________

Designation : ___________________________________________

I/C. No.: ________________________________________________

Email:___________________________________________________ 2. Name :_________________________________________________

Designation : ___________________________________________

I/C. No.: _________________________________________________

Email:____________________________________________________ 3. Name :___________________________________________________

Designation : ___________________________________________

I/C. No.: __________________________________________________

Email:_____________________________________________________

4. Name :___________________________________________________

Designation : ___________________________________________

I/C. No.: __________________________________________________

Email:_____________________________________________________

Enclosed cheque / bank draft no. _______________________ for RM_________________ being payment for _____________ participant(s) made in favour of “FMM Institute”

Payment can also be banked in at Maybank [FMM

Institute: 507406504556]

#Kindly scan and mail us the bank slip after payment

Submitted by :

Name:_______________________________________________________

Designation:________________________________________________

GST No: _____________________________________________________

Company:___________________________________________________

Address:____________________________________________________

______________________________________________________________

______________________________________________________________

_______________________________________________________________

Tel :__________________________________________________________

Fax:__________________________________________________________

Email:_______________________________________________________

Membership No. : _________________________________________

Registration Form

Bonded warehouse: Benefits, facilities and its impact plus GST update on drop shipment

27 March 2018 (Tuesday)

Sunway Hotel, Bandar Seberang Jaya

FMM Institute (475427-W), Penang Branch 2767, Mk 1, Lebuh Tenggiri 2, Bandar Seberang Jaya, 13700 Seberang Perai Tengah, Penang Tel: 04 – 3992057 Fax: 04 – 3994863 E-mail: sharrlini@fmm.org.my / remes@fmm.org.my

[GST ID: 001764515840]