What do you need to know about Import Export License in Malaysia?

The Ministry of International Trade and Industry (MITI) happens to be responsible when it comes to facilitating trade within Malaysia, as well as the Royal Malaysian Customs Department (RMCD) happens to be the agency liable for clearance of export, import as well as transit related items. Imports and exports happen to be regulated following the Customs Act (1967).

Import and Export License

If you want to apply import export license in Malaysia, you need to have a clear understanding of the licensing schemes of Malaysia when it comes to exported and imported goods. For importing or exporting goods requiring a license, traders initially need to register with the companies commission of Malaysia.

After the completion of the registration process, the company needs to apply for an import license with help from the ministry of International Trade and industry. Malaysia utilizes a privatised particular digital window when it comes to all the export and import regulations.

In this article we are going to explain the terms and conditions that one needs to comply with the organisations for obtaining import licence within Malaysia.

Apply Import Export License Easily: Know The Required Terms

To protect young and strategic industries of Malaysia from the competition of import, the Government of Malaysia happened to impose an involuntary administration of licensing when it comes to importing some kinds of commodities like agricultural products, motor vehicles, construction equipment as well as minerals.

When it comes to importing heavy machinery, it is required to be authorised by the ministry of International Trade and industry. The central authority for offering import and export licenses happens to be the royal customs Malaysia along with its subsidiary organisation ministry of International Trade and industry.

Before you apply import export license for a particular product, the possible applicant will be checked for eligibility. For instance, importing a motor vehicle within Malaysia should comply with the rules that the vehicle needs to be certified by the authorised body from the exporting nation and the company should have an approved permission for entirely built up motor vehicles.

After evaluating the eligibility, the person important needs to discover the ideal application form. There is a list of applications related to numerous products and you can find them in Malaysian custom website. An applicant required to fill up an application form and collect additional relevant documents state within the application form.

The applicants might also be required to submit the application form at the branch office of the ministry of International Trade and industry. After the submission procedure, the application is sent to the general secretary of the ministry of International Trade and industry. Evaluate the application approved all the documents process application form when it comes to determining the eligibility and ultimately reject or approve the application.

The submitted application happens to be processed in 7 working days when it comes to manual application and 5 working days when it comes to online application if you apply import export license in Malaysia. In the period of 5 to 7 business days of application submission, the applicant is likely to receive the result. Apart from that, people in Malaysia applying for an import licence need to be aware about the restricted products that do not happen to be permitted to enter into the nation.