Malaysia Cargo Insurance Services Provider

Cargo Insurance Services

Freight Forwarding Malaysia provide shipping cargo insurance services for shipments worldwide that offer you financial protection against the risk of physical loss or damage, from almost any external cause.

Malaysia Custom Clearance Services Provider

Customs Brokerage Services

Freight Forwarding Malaysia clear imports through Malaysia customs from large volume imports to small container loadings. We deliver quick & easy with our customs brokerage programs to out clients importers.

Malaysia Global Logistics Company

Global Logistics Company

Freight Forwarding Malaysia offer services to handle and manage import or export FCL / LCL (seafreight) cargo in Malaysia. As your cargo shipping’s representative, we will handle all the port related items for you regardless of size.

Import Export Basics Knowledge In Malaysia

Customs broking or customs brokerage is a profession that involves the “clearing” of goods through customs barriers for importers and exporters (usually businesses). This involves the preparation of documents and/or electronic submissions, the calculation and payment of taxes, duties and excises, and facilitating communication between government authorities and importers and exporters.

Custom brokers may be employed by or affiliated with freight forwarders, independent businesses, or shipping lines, importers, exporters, trade authorities, and customs brokerage firms.

Marine insurance covers the loss or damage of ships, cargo, terminals, and any transport or cargo by which property is transferred, acquired, or held between the points of origin and final destination. Cargo insurance — discussed here — is a sub-branch of marine insurance, though Marine also includes Onshore and Offshore exposed property, (container terminals, ports, oil platforms, pipelines), Hull, Marine Casualty, and Marine Liability. When goods are transported by mail or courier, shipping insurance is used instead.

A goods and services tax in Malaysia (GST), a value added tax, was scheduled to be implemented by the government during the third quarter of 2011, but the implementation was delayed until 1 April 2015. Its purpose is to replace the sales and service tax which has been used in the country for several decades. The 6% tax will replace a sales-and-service tax of between 5–10%.

Duty rates in Malaysia vary from 0% to 50%, with an average duty rate of 5.74%. Some goods are not subject to duty (e.g. laptops, electric guitars and other electronic products). Imports are subject to GST at a standard rate of 6% of the sum of the CIF value, duty and any excise if applicable.

Pin It on Pinterest

Share This