Customs (Prohibition of Exports) (Amendment) Order 2024

March 18, 2024
80

Share the Post:

The Customs (Prohibition of Exports) (Amendment) Order 2024, which comes into effect on 1 May 2024, amends the Customs (Prohibition of Exports) Order 2023 about the export of certain goods from Malaysia.

Key points from the amended order:

1. The Ministry of Investment, Trade and Industry (MITI) replaces the Ministry of International Trade and Industry as the issuing authority for licenses related to the export of waste and scrap and recovered (waste and scrap) paper or paperboard under items 13 and 14 of the Second Schedule.

2. Item 15 of the Second Schedule is amended to prohibit the export of all goods falling under Chapters 1 to 98 of the Customs tariff to Israel, with MITI as the issuing authority for licenses.

3. In Part I of the Third Schedule, MITI replaces the Ministry of International Trade and Industry as the issuing authority for licenses related to the export of Rough Diamond under item 34.

Advice for businesses:

1. Exporters of waste and scrap and recovered (waste and scrap) paper or paperboard should note the change in the issuing authority for export licenses from the Ministry of International Trade and Industry to MITI, effective 1 May 2024.

2. Companies planning to export any goods to Israel should be aware of the prohibition under the amended order and the requirement to obtain a license from MITI for such exports.

3. Exporters of Rough Diamond should note the change in the issuing authority for export licenses from the Ministry of International Trade and Industry to MITI.

4. Businesses should review their export plans and ensure compliance with the amended order, including obtaining necessary licenses from the relevant authorities.

5. Companies should stay informed about any further amendments or updates to the Customs (Prohibition of Exports) Order and other related regulations to ensure ongoing compliance.

By understanding the key amendments and their implications, businesses can take appropriate measures to comply with the revised export prohibitions and licensing requirements, avoiding potential disruptions to their export activities.