MITI to consult Customs, MOF over machinery import duty issue
AYER KEROH: The issue of machinery import duties allegedly being imposed on local companies despite them securing exemption approvals from the Malaysian Investment Development Authority (Mida) will be raised with the Customs Department and the Finance Ministry (MoF).
Malaysian Investment Development Authority (Mida) has received complaints from local companies about machinery import duties being enforced despite exemption approvals. Investment, Trade, and Industry Minister Johari Abdul Ghani stated that industry operators raised the issue during a dialogue session with the business community in Melaka.
Some companies claim they were forced to pay the duties even though they possess exemption approval letters from Mida. Johari emphasized that payments should be refundable if the exemption status is subsequently clarified. He stated that if this continues, Mida's purpose would be redundant as companies invest to enhance production efficiency and Mida grants the exemption.
Johari promised to look into the matter and stressed the importance of government agencies coordinating to ensure effective policy implementation.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
