Today's article will discuss a vital order related to anti-dumping duties.
So, if you're involved in international trade or import-export business, this information is crucial for you. Let's get started!
In exercise of the powers conferred by section 24 of the Countervailing and Anti-Dumping Duties Act 1993 [Act 504] and subsection 11(1) of the Customs Act 1967 [Act 235], the Minister makes the Customs (Provisional Anti-Dumping Duties) Order 2023. It comes into effect from 1st June 2023 and will be valid until 28th September 2023.
The order specifies that provisional anti-dumping duties will be levied on goods imported into Malaysia from certain countries.
These duties will be paid by the importers and will apply to goods specified in the Schedule.
Furthermore, the order states that the provisional anti-dumping duties must be guaranteed by security equal to the amount of duties levied.
The classification of goods mentioned in the Schedule should comply with the Rules of Interpretation in the Customs Duties Order 2022 [P.U (A) 114/2022].
Please note that the heading or subheading numbers provided in the Schedule are for reference purposes and do not have a binding effect on the classification of goods.
It's important to understand that the imposition of provisional anti-dumping duties under this order is separate from the imposition and collection of import duties under the Customs Act 1967 and sales tax under the Sales Tax Act 2018.
These measures can be imposed alongside the provisional anti-dumping duties.
Now that we have gathered the necessary information, let's summarise the key points:
The order is called the Customs (Provisional Anti-Dumping Duties) Order 2023.
It is effective from 1st June 2023 to 28th September 2023.
Provisional anti-dumping duties will be levied on specific goods imported into Malaysia.
Importers are responsible for paying these duties.
The duties must be guaranteed by security equal to the amount levied.
Goods classification should comply with the Customs Duties Order 2022.
The imposition of provisional anti-dumping duties is separate from import duties and sales tax.
That's all for today's sharing. We hope this information has been helpful in understanding the Customs (Provisional Anti-Dumping Duties) Order 2023. Stay tuned for more updates on trade and customs regulations.
1. Customs (Provisional Anti-Dumping Duties) Order 2023
2. Customs Duties Order 2022 [P.U (A) 114/2022]
Keep in touch with us so that you can receive timely updates
6. LinkedIn ✍ https://www.linkedin.com/company/74734209/admin/