The Malaysia-Australia Free Trade Agreement (MAFTA) was signed on 22 May 2012.

MAFTA will enter into force on 1 January 2013. Importers will be entitled to duty-free for goods imported from Malaysia, provided that the goods

meet the MAFTA rules of origin requirements.

‘Free’ rates of customs duty

The new Trade Agreement will allow the entry of Malaysian originating goods free of customs duty from the . The preferential treatment will apply to Malaysian originating goods that are imported on or after the 1 January 2013.

Please refer to Australian Customs and Border Protection website for information on amendments to the Customs Tariff and related amendments to import declaration procedures for goods imported from Malaysia.

Other duties and taxes

While Malaysian originating goods will be eligible for ‘Free’ rates of customs duty, other duties and taxes such as excise, GST, dumping duties and other taxes and levies, if relevant, will still be payable in relation to such goods.

Refund of customs duty

Where duty has been paid on Malaysian originating goods, or on goods that would have been Malaysian originating goods except for the fact that the importer did not have a valid COO or a copy of one at the time the goods were imported, the importer will be able to claim a refund of customs duty paid on such goods. In relation to the second circumstance, the importer must hold a valid COO or copy of one at the time of applying for the refund.

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