Bank guarantee system postponed until Nov 1


July 25, 2016

KUALA LUMPUR – It is a success for Labuan Member of Parliament, Datuk Rozman Isli after he and his delegation from Labuan Island managed to get the postponement of the new customs system implementation for the duty-free vehicles in the island.

Speaking to Labuan Times this afternoon after their meeting with the second finance minister, Datuk Johari Abdul Ghani and the director-general of Customs Malaysia, Dato’ Sri Khazali Hj. Ahmad at Putrajaya, he told that the new system supposed to be implemented on August 1 but then postponed to November 1.

“We have three-month time to discuss with the department what we can do for the people here in this island.

“Of course there are things that they accepted and there are not. But, our main focus in the meeting is about the bank guarantee review for Labuan-registered vehicles,” he said, adding that they intended the threshold for the bank guarantee to be imposed according to the vehicle engine capacity (cc), to be increased as high as they could.

He told further that how high the cc, that was what they intended to discuss further.

Rozman reasoned out that the vehicles for example, four-wheel drive was still under necessity cars for certain group of people and it was not under luxury car category.

“We want to fight for the cc threshold as high as we can, that is qualified to be imposed for the bank guarantee. When you are talking about duty-free Lamborghini, Porsche and other luxury cars then they are qualified for the bank guarantee.

“By the way, we will submit our demands to the customs department soon where we will discuss the requests in detail,” he said.

Also present in the meeting were the top ranking officials of the customs department.

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