Sunday, November 21, 2010

Malaysia Custom Declaration Label (CN.22)

This is the current used custom declaration label, details instructions are printed on the back of the label. Custom declaration label is printed in green, is a worldwide standard. It is use to declare contents sent, such as gift, document, commercial sample and others. The sender also need to declare the quantity, weight and value of the contents. 

To accelerate customs clearance,  fill in this form in English, French or in a language accepted by the destination country. If the value of the content is over 300 SDR (or the equivalent currency of the country), you must use a CN.23 form. 

What is SDR?
"The currency value of the SDR (Special Drawing Rights) is determined by summing the values in U.S. dollars, based on market exchange rates, of a basket of major currencies (the U.S. dollar, Euro, Japanese yen, and pound sterling). The SDR currency value is calculated daily (except on IMF holidays or whenever the IMF is closed for business) and the valuation basket is reviewed and adjusted every five years."

IMF (International Monetary Fund) website provides the SDR Valuation:

If you would like to know more on SDR, below is the Aljazeera English programme on YouTube:
Inside Story - China questions the dollar's value - 26 Mar 09 - Part 1, 2:

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