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October 16, 2010

Budget 2011: Cheaper imported clothes, handbags, footwear, jewellery, perfumes, toys and 300 goods more

In order to boost the local tourism industry and to make Malaysia as a shopping haven for branded goods at competitive prices, the government proposes to abolish import duty range from 5% to 20% on about 300 goods favoured by tourists and locals, with immediate effect from Oct 15, 2010.

Visit luxury shops like Louis Vuitton (LV), PRADA or Gucci to check out their prices. However, the prices may not immediately effected for such import duty abolishment as there will need a lead time from import to selling on the shelves to you.

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1 comment:

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