Malaysia legislation
Section 53
Section 53
Amendment of section 70
Section 70 of the principal Act is amended by substituting for subsection (1) the following subsection:
“(1) In relation to goods that have been imported and deposited in the warehouse and for which tax would be chargeable on the imported goods, there shall be a scheme to be known as the “Warehousing Scheme” which allows—
(a)
tax chargeable on the imported goods to be suspended when the imported goods are deposited in the warehouse;
(b)
supplies of goods made between the warehouses to be disregarded; and
(c)
supplies of goods made within the warehouses to be disregarded except for the last of such supplies of goods which are removed before the duty point.”.
Amendment of section 86