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Has Malaysian implemented the WTO Valuation Agreement? Did Malaysia Customs apply customs valuation up-lifts to the invoice of imported commodity?

April 26, 2017Agreement Customs implemented invoice Malaysian valuation WTO

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Has Malaysian implemented the WTO Valuation Agreement? Did Malaysia Customs apply customs valuation up-lifts to the invoice of imported commodity?

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A 13: Malaysia has implemented the WTO Valuation Agreement together with other ASEAN members since 1 January 2000. In the past, valuation up-lifts were not prevalent, but were applied on products seemed to be under-invoiced. The Malaysian legal system allows importers to appeal to the State and Headquarters valuation sections if importers want to do so.