Vape industry manufacturers given until April 30 to register

 

The finance ministry said registration by vape industry players would prevent manufacturers from being compounded.

KUALA LUMPUR: Vape industry players, especially local manufacturers who produce liquid or gel products containing nicotine, have been given until April 30 to register their manufacturing activities with the customs department.

In a statement, the finance ministry said registration within the specified period (April 1-April 30) would prevent manufacturers from being charged compound fines.

“Registration will ensure comprehensive industry compliance and smooth tax collection by May 2023,” it said.

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The ministry said licensing registration under the Excise Act 1976 could be done online through the MyExcise System at https://myexcise.customs.gov.my/myexcise/.

Through the gazettement of the Federal Government Gazette Excise Duties (Amendment) Order 2023, the government has imposed an excise tax at the rate of RM0.40 per millilitre on electronic cigarettes (e-cigarettes), liquid or gel, containing nicotine with effect from April 1.

With the implementation of this excise duty, the ministry said the government would continue to ensure that all regulations and control of excise duty goods by the customs department could be improved to prevent revenue leakage.

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“As promised in the Budget 2023 announcement, half of the revenue from this excise duty will be reallocated to the health ministry in an effort to improve the quality of health services,” said the ministry. - FMT