Pemain industri mohon penjelasan layanan cukai kargo tempatan, asing

Malaysian maritime industry players have expressed concern over the potential clarification of duties levied on crude oil imports and foreign cargo, according to a recent report. R Jeyenderan, a maritime industry player, said that while he understands there are certain considerations in the implementation of the duty system, he wishes to gain a clearer understanding of the basis for the differences in the relevant service charges.

According to Jeyenderan, Malaysia's crude oil currently faces a 10% duty, while foreign cargo under certain conditions is granted exemptions. "In my view, also allow for exemptions for domestic cargo as it can facilitate more processes to be carried out in Malaysia," he said in a statement. This concern emerged following a discussion with the Finance Ministry (MOF) on September 25th regarding the issue of duties and the movement of relevant cargo.

Jeyenderan said that such a step could encourage the processing and trading activities of Low Sulfur Heavy Fuel Oil (VLSFO) in the country, while also opening up more opportunities for local players. The local industry has the potential to grow further if the duty system and related cargo regulations can be explained more comprehensively to all parties, he added.

On August 13th, Transport Minister Loke Siew Fook said his ministry would seek clarification from MOF regarding concerns over duties on mixed crude oil cargo.