Export of Goods
An exporter of goods can receive proceeds from its export of goods in ringgit or foreign currency (FC). The exporter shall repatriate the export proceeds to Malaysia in full value within 6 months from the date of shipment. Repatriation up to 24 months is only allowed for reasons beyond the exporter's control and other permitted reasons.
An exporter can undertake offsetting, netting-off and writing-off arrangement of export proceeds subject to permitted reasons only.
Further Information
Application Submission
Resident exporter must apply before undertaking transactions other than stated above through the online submission portal. Relevant application forms and user guides are listed below for reference. Please do not submit hardcopy application.
|
Application |
Form |
|---|---|
|
Extension of Repatriation Period of Export Proceeds |
Form EX-EXT (previously known as Form 5E) |
|
Retention of Export Proceeds Abroad |
Form EX-OA (previously known as Form 7C) |
Statistical Requirement
For statistical purpose, a resident exporter with annual gross export value of above RM250 million and conducting netting arrangement with a non-resident party is required to submit Statement IA to Jabatan Pengurusan Data dan Statistik, Bank Negara Malaysia. Exporter may contact Cash BOP Reporting team via e-mail at [email protected] for the submission of Statement IA. This is in line with the requirement prescribed in Section 78(2) of Central Bank of Malaysia Act 2009 for the purpose of maintaining international account.
