DUTY & TAX EXEMPTION - QUICK OVERVIEW ON HOW IT WORKS
Anyone seeking exemptions should apply to MAM for endorsement. MAM will then process the application and obtain the necessary permits from the relevant government agencies. All paperwork must be in order prior to import.
A. Compliance with the scheme to be administered by way of a Motor Sport Vehicle Log Book and a computerised database.
B. Go karts and motor cycles built purely for competition will not require vehicle log book as they cannot be used on the road in any case.
C. Vehicles can only be imported for competition purposes and can never be registered for road use so as not to create any issues/abuse of the AP system.
D. Exempt spare parts can only be imported by the competitor using them. General keeping of exempt parts for sale over the counter is not allowed save for competition tyres and parts for go karts and certain bikes.
E. MAM will make arrangements with tyre importers and importers of safety gear on how to administer sales and compliance if stock is kept in Malaysia.
F. Only licensed competitors/teams and approved racing schools qualify for the exempt scheme.
G. If non-compliance is discovered, Log Book may be revoked which will trigger that full duty/excise and sales tax must be paid. It could also result in substantial fines and confiscation of vehicles and parts.
H. MAM have the technical expertise to monitor compliance, including officials at events who can monitor and report.