Buying a diamond engagement ring in MY

Details

Malaysia

Overseas

Free easy re-sizing

Easy 30 days returns

No international transaction fee

No Import duty or customs Fees

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Overseas Cost Calculator

Value of Goods:

Freight Cost:

Insurance Cost:

Import Duty:

Import GST:

Custom Fee:

Total:

ON A RM10,000 BEFORE SST PURCHASE

Malaysia

RM10,000 SST EXC

No import duty

RM1,500 SST

No customs fee

Total RM11,500

Overseas

RM10,000 SST EXC

RM500 (5%Import duty)

RM1,575 (SST on arrival)

RM 119 (set customs fee)

Total RM12,194

ON A RM5,000 BEFORE SST PURCHASE

Malaysia

RM5,000 SST EXC

No import duty

RM750 SST

No customs fee

Total RM5,750

Overseas

RM5,000 SST EXC

RM250 (5%Import duty)

RM787.5 (SST on arrival)

RM 119 (set customs fee)

Total RM6,156.5

Beware of the companies that appear to be Malaysia but are based overseas.

This can be very costly as you can see from the 2 examples above. Those companies go to great lengths to misinform their customers. For example, they advertise Malaysia telephone numbers, use the Malaysia flag and/or they show prices in Malaysian Ringgit. However, the reality is that they are not located in Malaysia so they will be shipping the products from overseas. When you receive your order you will be hit with a large bill from the freight company.

Overseas shopping check list

Make sure to ask if they are an Malaysia company

Their advertised price DOES NOT have SST, import duty or customs fees

Most banks charge 4% international transaction fee on all overseas purchases

Any parcel worth over 1,000 MYR triggers SST, import duty and customs fees

Lowering the declared value is illegal and leaves you with a lower insurance value

Extra 5% import duty is always charged to all jewellery arriving in Malaysia

SST is calculated not just on the declared value, but also on the 5% import duty, shipping and insurance cost.

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United Kingdom

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BUYING MALAYSIA VS OVERSEAS

Overseas Cost Calculator

Malaysia

Total RM11,500

Overseas

Total RM12,194

Malaysia

Total RM5,750

Overseas

Total RM6,156.5

Beware of the companies that appear to be Malaysia but are based overseas.

Overseas shopping check list