Informative Speech Video : Import and Export Procedure In Malaysia
Summary
TLDRImraan introduces the import and export process in Malaysia, emphasizing the necessity of understanding the procedure for international trade success. He highlights the importance of registering with the Companies Commission of Malaysia and obtaining necessary licenses from the Ministry of International Trade and Industry. The speaker also discusses the role of the Royal Malaysian Customs Department in enforcing customs rules and the need for specific documents for import and export clearance. The summary concludes with the significance of adhering to tariff systems and regulations to ensure smooth global trade.
Takeaways
- 📢 The speaker, Imraan, is discussing the Import and Export procedure in Malaysia, emphasizing its importance in the lively market.
- 🌐 Basic knowledge of import and export is essential for managing the complexity of international trade, whether for raw materials or finished goods.
- 📝 A one-time registration with the Companies Commission of Malaysia is mandatory for traders engaging in international trade to obtain necessary licenses.
- 🏢 The Ministry of International Trade and Industry (MITI) oversees various aspects of international trade, including productivity, industry development, and strategic trade.
- 🛃 The Royal Malaysian Customs Department (RMC or JKDM) is responsible for managing indirect tax rules and enforcing customs regulations at borders.
- 📑 Specific documents are required for import and export clearance, such as an appeal of leading, pack list, certificate of origin, customs export or import declaration, and commercial invoice.
- 📋 Additional permissions may be necessary for goods with specific characteristics, such as chemicals, animals, corals, antiques, etc.
- 💼 Traders must be aware of and comply with extra rules and regulations to ensure smooth trade operations.
- 📈 Malaysia uses the Harmonized Tariff System for goods not from ASEAN member states, while the ASEAN Harmonized Tariff Nomenclature is used for trade within ASEAN.
- 🔍 An online platform called 'daget' facilitates both importing and exporting processes, making international trade clear and efficient.
- 🌟 Understanding and following the import and export steps carefully can help businesses succeed in the global market and ensure compliance with rules and efficiency.
Q & A
What is the primary topic discussed in the video script?
-The primary topic discussed in the video script is the Import and Export procedure in Malaysia, including the necessary steps and regulations for engaging in international trade.
Who is the speaker in the video script?
-The speaker in the video script is Imraan, who introduces himself at the beginning of the transcript.
Why is it important for traders to understand the import and export procedure in Malaysia?
-Understanding the import and export procedure is essential for traders to manage the complexity of international trade, ensure compliance with regulations, and maintain a fair and honest trade system.
What is the initial step a trader must take to engage in international trade in Malaysia?
-The initial step a trader must take is to register with the Companies Commission of Malaysia, which is necessary to obtain the required import or export license.
Which ministry oversees various aspects of international trade in Malaysia?
-The Ministry of International Trade and Industry oversees various aspects of international trade in Malaysia, including productivity, industry investment, and strategic trade.
What is the online platform mentioned in the script that facilitates import and export procedures?
-The online platform mentioned in the script is called 'daget', which helps businesses work more smoothly when conducting international trade by making processes clear and efficient.
What is the role of the Royal Malaysian Customs Department (RMC or JKDM) in import and export?
-The Royal Malaysian Customs Department is responsible for managing Malaysia's indirect tax rules, enforcing customs regulations at the border, and fighting against drug crimes to ensure fair and honest trade.
What are some of the important documents required by the Royal Malayan Customs Department for import and export clearance?
-Important documents include a Bill of Lading, packing list, certificate of origin, customs export or import declaration, and a commercial invoice. Additional permissions may be required for goods with specific characteristics.
What is the tariff system used by Malaysia for goods not from ASEAN member states?
-For goods not from ASEAN member states, Malaysia uses the Harmonized Tariff System (HTS) for import and export.
How does understanding the import and export process benefit a business in the global market?
-Understanding and following the import and export process carefully helps a business to operate efficiently, comply with international trade rules, and ensure smooth and successful transactions in the global market.
What does the speaker emphasize as crucial for a company to be successful in the worldwide market?
-The speaker emphasizes that a company must understand the series of crucial steps involved in negotiating the global commerce landscape, including following all the rules and procedures for international trade.
Outlines
📚 Introduction to Import and Export in Malaysia
The speaker, Pimraan, introduces the topic of import and export procedures in Malaysia, emphasizing the importance of understanding these processes for businesses engaging in international trade. He mentions the necessity of basic knowledge for buyers and sellers and the role of Malaysian Freight Forwarding companies like MS Dell, FedEx, and Posl. The speaker also highlights the importance of registration with the Companies Commission of Malaysia and obtaining import or export licenses from the Ministry of International Trade and Industry, which oversees various aspects of international trade.
🌐 Online Platform for Trade Simplification
This section discusses the existence of an online platform called 'daget' that facilitates both importing and exporting processes in Malaysia. The platform aims to make international trade smoother and more efficient by clarifying procedures for businesses. The speaker also touches on the role of the Royal Malaysian Customs Department (RMC or JKDM), which is responsible for managing indirect tax rules and ensuring compliance with customs regulations at the border.
📄 Essential Documents for Import and Export
The speaker outlines the essential documents required by the Royal Malayan Customs Department for facilitating import and export clearance. These documents include an appeal of leading pack list, certificate of origin, customs export or import declaration, and a commercial invoice. For goods with specific characteristics, such as chemicals, animals, corals, antiques, and more, additional permissions are necessary, and traders must be aware of and adhere to these extra rules.
💼 Tariffs and Taxes in Malaysian Trade
The final paragraph addresses the tariff and tax systems in Malaysia. The country uses the Harmonized Tariff System for goods not originating from or destined for ASEAN member states. For trade within ASEAN, the ASEAN Harmonized Tariff Nomenclature is the main system in place. The speaker concludes by reiterating the importance of understanding and following the import and export procedures in Malaysia to ensure smooth and rule-compliant international trade.
Mindmap
Keywords
💡Import and Export Procedure
💡Malaysia Shifting Environment
💡Malaysian Freight Forwarding Companies
💡Company Commission of Malaysia
💡Ministry of International Trade and Industry (MITI)
💡Dagang Platform
💡Royal Malaysian Customs Department (RMC or JKDM)
💡Customs Documentation
💡Harmonized Tariff System
💡ASEAN Harmonized Tariff Nomenclature (AHTN)
💡Global Trade Efficiency
Highlights
Import and export procedures are crucial for businesses in Malaysia's lively market.
Basic knowledge of import and export is often overlooked by buyers and sellers.
Understanding the procedure is essential for managing the complexity of international trade.
Companies must register with the Companies Commission of Malaysia for international trade.
Registration allows obtaining necessary import or export licenses from the Ministry of International Trade and Industry.
The Ministry oversees various aspects of international trade including productivity, industry investment, and strategic trade.
An online platform called DaGEnD facilitates both importing and exporting processes.
DaGEnD helps businesses work smoothly and efficiently in international trade.
The Royal Malaysian Customs Department, also known as RMC or JKDM, manages indirect tax rules.
Customs enforces rules at the border and fights against drug crimes to ensure fair trade.
Specific documents are required for import and export clearance, such as a bill of lading, certificate of origin, and commercial invoice.
Additional permissions are necessary for goods with specific characteristics like chemicals, animals, corals, and antiques.
Malaysia uses the Harmonized Tariff System for goods not from ASEAN member states.
For items traded within ASEAN, the ASEAN Harmonized Tariff Nomenclature is the main system in place.
Understanding import and export procedures is vital for global measures and ensuring smooth international trade.
Following the steps carefully helps businesses operate efficiently and comply with rules in the global market.
The presentation concludes with a reminder of the importance of adhering to import and export regulations.
Transcripts
uh ladies and gentlemen my name is p
imraan today is a g me a great pleasure
to share with you today with some
information about the Import and Export
procedure in the Malaysia Shifting the
environment in the Lively Market of
Malaysia many buyer and seller some
sometimes find thems missing the basic
knowledge required to manage the
complexity of importing and exporting
Goods by knowing the procedure is
essential whether the importing goods
and the raw material from overseas
supplier or exporting good to overseas
Market to th in the global market a
company who want to be successful in the
worldwide Market must understand the
series of crucial step involved in the
negoti in the negotiating the global
Commerce landscap to Embark this
informative Journey let's see the fam
logos of the Malaysian Freight
forwarding company such as Ms Dell FedEx
M and postl in addition let's see into
the journey for Import and Export
procedure to kick a start of the import
or export Journey from Malaysia a
one-time registion procedure is
essential a Trader looking to engage in
the international trade must register
with the company Commission of leure and
this ini initial step successfully
completed company can obtain the
necessary import or export license from
the ministry of interational trade and
Industry which is
me is a key player oversee very aspect
of the international trade productivity
SN industry investment Automotive Hal
industry development Finance institution
and strategic trade the ministry is the
is really important in helping and
controlling how Malaysia Take A Part in
the worldwide
Marketplace to make a trip easier there
is a one online for there's a one online
platform called a daget that handled a
both importing and exporting stuff this
platform help a business work almost
smoothly when they are doing
International Trade making the things
clear and efficient okay next uh let's
see the Royal Mia custom responsible the
Royal Mia custom Department also called
a RMC or jkdm which is a jabatan
customer Malaysia is responsible for
managing of Malaysia indirect tax rules
they look after the coming in in and
going out out of goods which means
Import and Export to enforce a custom
rule at the border and fight against the
drug crimes their important job is to
make sure everyone follow the rules and
keep the trade system fair and honest
now let's talk about the important
document you need when you import the
goods into the country or export de Mar
the Royal Malayan custom Department
mandates the submission of a specific
specific document to facilitate export
and import clearance this document are
very based on the nature of the goods
being a
trade Trader must present a document
such as appeal of leading pack list
certificate of origin custom export or
import decoration and Commercial invoice
for a Goods with a specific
characteristics such as chemical animals
Coral wet Antics and more additional
permission are necessary Traders need to
know and follow this extra rules to make
sure their trade goes well and follow
the
regulation next let's go into the tar
and tax in the terms of a tariff and tax
Malaysian used the harmonious tariff
system for goods coming in and going out
that are not from Asian member State
however for item imported from the and
exported to Asian members asan members
the asan harmonous Tariff Norman culture
ahdn is the main system in
place uh lastly uh by knowing how to
Import and Export things in Malaysia is
really important for Global measures
each part of the process like signing up
of the companies Commission of Malaysia
and following all the rotes is a crucial
it's helped to make sure when you trade
the things internationally everything
goes smoothly and is done by the right
way by understanding and following this
step carefully business can do well in
the global market and make sure
everything is efficient and follow the
rules okay thank you for your attention
byebye
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