23 Dec '15, 4pm

Approved Permit (AP) policy to remain in Malaysia

Approved Permit (AP) policy to remain in Malaysia

It has now been confirmed – the Open Approved Permit (AP) policy for the import of used cars is set to remain in Malaysia, as announced by the Ministry of International Trade and Industry (MITI). Following a comprehensive research, a new set of improvements will be set in place from January 1, 2017 onwards. In the statement, MITI adds that the improvements to the current system would allow “eligible new bumiputera companies that strictly adhere to the criteria to participate” in the used car business. To ensure compliance, a qualified and independent auditor will be selected to audit the new companies involved. “The government will (also) launch a programme to use a portion of the open AP fees to enable the public to directly benefit from this new policy. The details of this programme will be announced later,” said MITI. Findings of the research into the current AP system,...

Full article: http://paultan.org/2015/12/23/approved-permit-ap-policy-t...

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