In order to enjoy this tax-exempt benefit, the year-to-date purchases for the approved items must not exceed the approved limit quantity. However, an LMW Company can apply to increase this limit during the underlying period. Hence, an LMW Company needs to keep track of the year-to-date purchases so that it does not exceed the approved limit.
LMW System Features
Imports sales, purchasing and production data to generate the LMW reports.
Tracks license usage and balances against approved license limit.
Reports in periodic fashion.
Separately stores LMW information without customizing existing ERP system, such as Tariff Codes.
Generates Royal Malaysian Customs Required Reports such as M1, M2, K and KX.
Generates listing of items without tariff code.
Integrates to any ERP systems
Licensed Manufacturing Warehouse System has not been reviewed by any customers.
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