Client Challenge
Our client operates a Licensed Manufacturing Warehouse (LMW) and,
as an export-oriented facility, the LMW scheme enables them to manufacture approved products on-site while enjoying duty exemptions.
However, operating under the LMW scheme requires meticulous adherence to customs regulations:
- Complex import documentation for duty-exempted raw materials, machinery, and spare parts.
- Ongoing reporting requirements to the Royal Malaysian Customs Department (RMCD).
- Strict tariff code limits for duty-free imports, requiring close monitoring and accurate tracking.
- Risk of penalties or loss of LMW privileges if compliance is not properly managed.
Altus’ Solution
Altus provided specialised customs and compliance support
to ensure the client’s LMW operations remained fully compliant while optimising efficiency:
- Performed import customs declarations on behalf of the client and its appointed vendors.
- Acted as the client’s licensed customs agent, ensuring compliance with all RMCD requirements.
- Submitted monthly customs declaration reports in accordance with LMW regulations.
- Supported the client in tracking and managing tariff-code-based duty exemptions, preventing oversights and ensuring uninterrupted operations.
The Results
- Seamless customs clearance for all imports, avoiding costly delays.
- Full compliance with RMCD requirements, safeguarding the client’s LMW license.
- Improved visibility and tracking of duty-free imports, ensuring alignment with tariff code limits.
- Reduced administrative burden, allowing the client’s team to focus on core manufacturing operations.
By acting as a trusted partner,
Altus Oil & Gas Malaysia ensures the client’s facility maximises the benefits of its LMW status
while maintaining smooth, compliant, and efficient operations.
