Mr Maniam is one of the company’s director that awarded dealer’s…

Question Answered step-by-step Mr Maniam is one of the company’s director that awarded dealer’s… Mr Maniam is one of the company’s director that awarded dealer’s license under Excise Act 1976. His business activities were granted by the Ministry of International Trade and Industry (MITI’s) with import approved permit (AP). In January 2018, he imported 1 container goods from Japan containing the following: 1.     1,000 boxes containing 100 pieces of fresh turtle eggs in each box valued at RM5 per egg.2.     1,000 boxes containing wine of 500ml. The unit price of the wine is RM100 each bottle. There are 24 bottles in each box. Investigations into the ingredients of the wine found that it consists 60% medicated rice fermentation. From the bill of ladings, it was found that the customs value is inclusion cost, insurance and freight (CIF) values of the following: Freight on board (FOB) is given impliedly; cost of loading, unloading and handling charges associated with transport of goods to the place of importation = RM 5,750; the cost of sea insurance = RM 10,450; and freight charges up to the place of importation RM = 2,800. Required:Determine a proper classification on goods in the container by applying the six rules of classification with the chosen explanation, why you choose the chosen tariff codes? Your explanation must be hierarchical in order started with Rule 1 till Rule 6 of the classification rules. (Please refer to the extract of Custom Duties Order 2017 in the Appendix) Law Social Science Tax law LAW BTAX3513 Share QuestionEmailCopy link Comments (0)