IMPORT DUTY EXCISE AND SALES TAX EXEMPTION FOR MOTOR SPORT

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  • 26 November 2007 at 10:55 am #6242
    naza
    Participant

    ….Muchos Gracias YB!

    26 November 2007 at 11:02 am #6243
    Jac Soo
    Participant

    What a GREAT news!!!

    26 November 2007 at 11:23 am #6244
    edwynlow
    Participant

    Yes~ Cheaper karts now… AP will be banging his head to the table and pointing fingers 😀

    26 November 2007 at 1:49 pm #6249
    luen
    Participant

    Arai GP-5s here we come

    26 November 2007 at 2:16 pm #6254
    edwynlow
    Participant

    [quote=luen]Arai GP-5s here we come[/quote]

    yea.. i want that too~ 😛

    26 November 2007 at 2:26 pm #6256
    des_k
    Participant

    yeeeehaaaaaaaaaaaaa!!!
    arai GP X !!!!

    26 November 2007 at 2:27 pm #6257
    TheFazz
    Member

    [quote=naza]The Minister for Youth and Sports Yang Berhormat Dato’ Seri Azalina Dato’ Othman Said announced today that the Ministry of Finance has approved a duty and tax exempt scheme for vehicles (go karts, cars and bikes) used exclusively for motor sport competition.[/quote]

    i am a little wary about the phrase “used exclusively for motor sport competition”. what if you wish to use them for recreation?

    26 November 2007 at 4:33 pm #6263
    naza
    Participant

    [quote=TheFazz][quote=naza]The Minister for Youth and Sports Yang Berhormat Dato’ Seri Azalina Dato’ Othman Said announced today that the Ministry of Finance has approved a duty and tax exempt scheme for vehicles (go karts, cars and bikes) used exclusively for motor sport competition.[/quote]

    i am a little wary about the phrase “used exclusively for motor sport competition”. what if you wish to use them for recreation? [/quote]

    Right bro, I am even more concern about the following statement extracted from MAM’s website which says:

    “Importers and local manufacturers are allowed to import and sell the above items duty/excise/sales tax free directly to competitors and teams holding valid MAM licenses”. So, what if you do not hold one or already has one issued by AAM?

    26 November 2007 at 5:12 pm #6264
    Jac Soo
    Participant

    The exempt scheme will be managed by Motorsports Association of Malaysia (MAM)

    . . . . . . 😕

    27 November 2007 at 2:19 am #6268
    bombe994
    Participant

    [quote=luen]Arai GP-5s here we come[/quote]

    [color=#cc0000]straight away GP-5 la bro … ;)[/color]

    27 November 2007 at 3:45 am #6271
    imanMS
    Participant

    spurring the nation’s growth… :up:

    27 November 2007 at 7:50 am #6275
    naza
    Participant

    [quote=bombe994][quote=luen]Arai GP-5s here we come[/quote]

    [color=#cc0000]straight away GP-5 la bro … ;)[/color]
    [/quote]

    Mr Bomb,
    if no duty on it, how much ah?….time to reward myself 🙂

    27 November 2007 at 8:26 am #6278
    bombe994
    Participant

    [quote=naza][quote=bombe994][quote=luen]Arai GP-5s here we come[/quote]

    [color=#cc0000]straight away GP-5 la bro … ;)[/color]
    [/quote]

    Mr Bomb,
    if no duty on it, how much ah?….time to reward myself 🙂
    [/quote]

    [color=#cc0000]should be less than 3k … not sure how much is the current price … but last time i checked few years ago it was about 4k …[/color]

    28 November 2007 at 2:11 am #6285
    luen
    Participant

    official website

    Home

    28 November 2007 at 2:11 am #6286
    luen
    Participant

    http://www.mam.org.my/news_26Nov2007.htm

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