MTC FINANCIAL INCENTIVE FOR EXPORT ASSISTANCE PROGRAMME (EAP)  

GUIDELINES

A.    Introduction

The Malaysian Timber Council (MTC) is reinstating the Export Assistance Programme (EAP) for a period of six months from September 2024 to February 2025 to assist the Malaysian timber product exporters, especially SMEs, in defraying some of the ocean freight charges.

B.    Company Eligibility

1. The company must be incorporated in Malaysia.
2. The company must be based in Peninsular Malaysia and must be a Malaysian-owned company (with at least 51% of the shareholding).
3. Eligible for small and medium enterprises (SMEs) only.
4. Companies with common shareholder(s) are only eligible to apply for two (2) companies only.
5. Company must be in operation for at least three (3) years prior to application.
6. A member of any one (1) of the six (6) timber associations:

• Malaysian Wood Industries Association (MWIA);
• The Timber Exporters' Association of Malaysia (TEAM);
• The Malaysian Panel-Products Manufacturers' Association (MPMA);
• Malaysian Wood Moulding & Joinery Council (MWMJC);
• Malaysian Furniture Council (MFC); and
• Association of Malaysian Bumiputra Timber & Furniture Entrepreneurs (PEKA).

 C.    Product Eligibility

1. Timber products include sawntimber, veneer, panel products, mouldings, builders’ joinery and carpentry (BJC), wooden pallets, pellets and furniture which are produced in Malaysia and deemed suitable by MTC.
2. The products must be manufactured using timber raw materials from legal sources.
3. Export of timber products from Peninsular Malaysia to Sabah, Sarawak, ASEAN and Far East countries (including China, Hong Kong, Macau, Japan, North Korea, South Korea, Mongolia, Siberia, Taiwan, Brunei, Cambodia, East Timor, Laos, Indonesia, Myanmar, Singapore, the Philippines, Thailand, and Vietnam) is not eligible under the programme. 
4. Port of origin should be a port located in Peninsular Malaysia.

D.    Financial Incentive

 E.    Registration/Application (Online)

1. The online application via IAP Portal (iap.mtc.com.my) is open starting 15 August 2024.
2. Register for an account at MTC IAP Portal: iap.mtc.com.my. Once the account registration is approved, the applicant will receive an email notification and instructions to log into the Portal.
3. Applying company shall complete their company profile in the online application portal.
4. Certified true copies of supporting documents required:

• Form 24 as per the Companies Act 1965 OR Section 78 as per the Companies Act 2016;
• Form 49 as per the Companies Act 1965 OR Section 58 as per the Companies Act 2016;
• Latest Section 68 (Annual Return) as per Companies Act 2016; and
• Latest audited accounts.

5. Applying company with existing account in the portal shall log in and update their company profile. The company profile can be updated at any time and should be kept up to date for MTC’s evaluation.
6. Applications must be approved by MTC prior to submission of documents for reimbursement.

 F.    Reimbursement (Online)

1. Applications for reimbursement must be submitted via MTC IAP Portal within thirty (30) days from the export date as per Custom Release Form K2. Late submission will not be entertained.
2. Reimbursement documents to be submitted to MTC include:

• Company cover letter with EAP reimbursement checklist;
• MTC’s approval email;
• Bill of Lading (certified true copy stamped on front page);
• Ocean freight invoice(s) (certified true copy stamped on front page);
• Complete Custom Release Form K2 (certified true copy stamped on front page); and
• Cargo insurance (if any) (certified true copy stamped on front page).

1. The financial incentive provided is on a first-come, first-served basis, until the budget allocation is fully utilised in the stipulated period.
2. Approval for reimbursement application is subject to MTC’s sole discretion.
3. MTC reserves the right to amend the Guidelines of this Programme at any time without any prior notice.

 G.    Non-Compliance (Penalty)

1. In the event of non-compliance with the guidelines, the company must undertake to refund in full the disbursement amount to MTC.

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