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11 December 2007, 09:05 AM | #1 |
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Rolex shipped to Malaysia
Hey guys. Just wondering if anyone here has sent a Rolex to Malaysia? If so, how was it sent and how was it insured? I need to insure for $11,000. What about taxes and customs? Will I be responsible or the buyer? Thanks in advance guys.
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11 December 2007, 09:07 AM | #2 |
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I'm sure that chad knows about this stuff
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11 December 2007, 09:07 AM | #3 |
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im assuming u sold ur ss daytona??
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11 December 2007, 09:27 AM | #4 |
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first things first, congrats on your sale.
tax/duty is borne by the importer. i dont know if declaring it as a gift will make it any better for the importer, and i've heard some sellers saying that if you ship the watch seperately it could reduce the tax. also ive heard that some seller use a third party insurance broker, thus they can mark the postal papers as 'watch value:us$100', and have it insured for US$11,000 without customs knowing (thus paying duty/tax on the lower amount) honestly ive never tried, and wouldnt know, so dont take my word for it. |
11 December 2007, 10:22 AM | #5 |
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Do not ship a watch to Malaysia - too much fraud. Don't ship a Rolex out of the US - US customs may keep it.
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11 December 2007, 10:25 AM | #6 |
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Agreed...shipping overseas is risky as it is, but Malay would be even more so. Hopefully you didn't get paid with a cashier's check.
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15 December 2007, 05:58 AM | #7 |
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28 December 2007, 03:31 AM | #8 | |||
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28 December 2007, 04:49 AM | #9 | |
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It's not a problem with the people in these countries...generally speaking, most people, regardless of nationality, race, ethnicity, etc. are just normal, honest people...but Maylasia is one country where credit card thieves have chosen to set up shop: http://www.wiscocomputing.com/articles/ccfraud.htm Even our own state department tells folks to avoid using credit cards in Malaysia. http://travel.state.gov/travel/cis_p...s/cis_960.html This article deals specifically with a Malaysian gang involved in stealing the card information: http://www.moneymanager.com.au/banki...cles/cc04.html And Autralia's Department of Foreign Affairs and Trade warns about the extensive card fraud in Malaysia as well: http://www.smartraveller.gov.au/zw-c...dvice/Malaysia There's more out there....just use a search engine. Orchi, it's a shame that legitimate Rolex collectors suffer because of the fraud risks - but from a seller's perspective, I have to protect my own interests. That's why I don't ship watches outside of the US - and when shipping in the US, I use USPS insured registered mail...cause the sh*t hits the fan at the PO if someone messes around with insured registered mail. And when casual US sellers (folks that are selling one of their individual watches) talk about selling a watch to people outside of the US in general - not just Malaysia - I do pipe up and tell people about the risks. It ain't like mailing a watch to Kansas or Oklahoma, to someone listed in a US phone directory with a US address, with a local Post Office, a local police department and a regional postal inspector (or FBI) office that you can go after should the deal go down badly. |
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28 December 2007, 05:15 AM | #10 | |
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That buddy...was history. Travel warning of terrorist attacks in the State of Sabah issued by the Australians occurred in year 2000...when armed pirates from remote islands off the Philippines...(which are located merely few nautical miles off the territorial waters of Malaysia...'attacked' tourists(including Malaysians who worked at the affected resort accommodation) at the MOST remote Islands of Sipadan which is located along with the border to Indonesia's Borneo/Kalimantan Island...reputed to be one of the 10th best diving waters of the world at the time. Although there may have been reports of injury...NO deaths were reported...n neither was there any report of Rolex Submariners or SDwellers being amongst the casualties... That buddy...was also history. The Google search engine...is FAR BETTER n MORE reliable to use...as reference....read here where it says...United States of America is the LARGEST foreign investors n the LARGEST trading partners of a tiny developing n friendly country of .........Malaysia. Exports - partners: US 18.8%, Singapore 15.4%, Japan 8.9%, China 7.2%, Thailand 5.3%, Hong Kong 4.9% (2006) Exports: USD$160.8 billion f.o.b. (2006 est.) Imports - partners: Japan 13.3%, US 12.6%, China 12.2%, Singapore 11.7%, Thailand 5.5%, Taiwan 5.5%, South Korea 5.4%, Germany 4.4% (2006) Imports: USD$124 billion f.o.b. (2006 est.) Ahem buddy...generally speaking...the Americans always would believe what the CIA or the current administration tells them to believe eh? which may include the reasons US needs to attack the weak...to protect themselves against their stronger opponents....whom are themselves actually...no? |
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28 December 2007, 05:32 AM | #11 |
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Err buddies...Orchi hopes that there's much positive knowledge to learn from each other in the forum here...be it about Rolex or anything under the Sun or the Oceans...
So lets start with one of the MOST popular traditional Malaysian proverbs that Orchi hopes to share with everyone in here... "Don't be the frog in the coconut shell..." |
11 December 2007, 10:27 AM | #12 |
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You are asking for BIG BIG trouble. Don't do it. Even the replica scammers will not do business in Malaysia.
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11 December 2007, 10:36 AM | #13 |
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Well guys, I haven't sold yet. There is a guy interested and he's willing to do a wire transfer but I'm still not comfortable yet on sending this watch. I just wanted to get some input from someone who has shipped to Malaysia.
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11 December 2007, 10:52 AM | #14 |
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im not sure which part of m'sia, but i know some people do use s'pore as a primary shipping area, then take it into m'sia by car.
yes, they do customs check at the checkpoints, so it become a bit of a challenge to slip it thru customs |
11 December 2007, 01:41 PM | #15 |
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Malaysia is duty free, so no customs hassles or taxes. As long as you can insure it and use a Carrier with a good rep such as DHL, UPS, or Fed Ex you should be OK. I would make sure you talk with the buyer and make all arrangements before hand with him. Also make sure you get your funds before ship. Make sure fully insured.
Personnally, would not sell to a country outside of the USA, unless I was doing it on a face to face basis, just less hassle overall. Also, Marshall, FYI, I had BNIB Rolex shipped from a AD to Bagram APO via Registered Insured mail. No issues at all. Took 3 weeks to arrive. |
11 December 2007, 03:20 PM | #16 |
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Malaysia impose a very high tax on Luxury goods and watch is one of them.
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28 December 2007, 03:19 AM | #17 | ||
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Oh btw...if ya won't mind a personal question...are you a Singaporean by birth...or are you Malaysian by birth but currently you are an immigrant in Singapore...or are you one of the many expatriates in Singapore...? |
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11 December 2007, 03:59 PM | #18 |
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There is no tax on luxury items such as handbags, pens, watches. All duty Free in Malaysia, unless something has just recently changed. That is why you can get good deals in Malaysia, and why Malaysia uses this as a marketing tool. Unlike thailand to north or singapore to south, where there is a tax added and you ahve to go through the hassle to get a tax refund if you are a tourist. And why many Thais find it cheaper to fly down, spend night at hotel in Malaysia to buy a high end watch, rather than buy in Thailand.
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11 December 2007, 04:30 PM | #19 |
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[QUOTE=leopardprey;377893]There is no tax on luxury items such as handbags, pens, watches. All duty Free in Malaysia, unless something has just recently changed.
They are still duty free and no GST. No change |
11 December 2007, 05:45 PM | #20 |
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I am from Singapore and have compared prices of luxury goods,believe me.......it's taxed.
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11 December 2007, 07:19 PM | #21 |
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If you want to buy luxury watches without any tax, Hong Kong, Macau and Dubai(?) are the best places in the world.
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11 December 2007, 07:17 PM | #22 |
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It is buyer's problem regarding tax. Seller must insure the watch. Malaysia is not Africa/Nigeria.... so if everything done perfectly, it will go smoothly. Check the US customer as well.
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11 December 2007, 09:52 PM | #23 |
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I found Malaysia to be cheaper in price than Thailand and the same as in Hong Kong. Malaysia is duty free and a great place to visit. IMHO, the best kept secret in Asia! Malaysia, truley Asia! LOL LOL
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11 December 2007, 10:07 PM | #24 |
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I would advice against it
The biggest concentration of thieves on the planet reside there. Sell it elsewhere. I speak (sadly) from experience.
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11 December 2007, 10:38 PM | #25 |
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Sfugel,
Sorry mate, I live in KL and I can tell you quite certainly that there are no taxes on watches, pens etc in Malaysia. Premiums maybe, but hell, that applies anywhere. You can walk through customs with a million dollar watch or tv set or hi fi components and they can't do a thing about it. But Ron, I'd like to echo Chad, if you send using UPS, DHL, TNT with full insurance, then it shouldn't be a problem. I've had things like bags, and watches sent to me by relatives from NY and CA, no problems. |
11 December 2007, 10:50 PM | #26 |
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The biggest concentration of thieves on the planet reside there.
Wow....that's a sweeping statement. I would suggest it's a little inaccurate as well given that it is an Islamic country where punishment for theft is extreme. I was a week in KL in 2001 and I found it a fantastic place. The food was terrific. Steve |
13 December 2007, 03:05 AM | #27 | |
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It is only a sense of decorum that precludes me telling you what I really think of the them in this public forum. Edit: I see that I was in fact correct in my position. Glad you dodged a bullet Ron. |
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11 December 2007, 11:46 PM | #28 |
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Hahaha, it must have been my luck then.Drove through Causeway and was taxed on my used remote-controlled plane and used LCD TV.Paid a total of RM$200.And yes,of course I got a receipt for it. Do you shop for your luxury goods in Singapore or back home?
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12 December 2007, 01:27 AM | #29 |
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Ship
Umm............I am curious as to why some do not like to ship outside of the USA? If I wire someone money from my Bank account........, I would expect them not to have any hassle in sending me my watch. I mean all you need to do is create a receipt and it should pass USA customs with no problems.
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12 December 2007, 01:00 PM | #30 | |
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Thief wires you money from stolen bank account. You ship the watch. Your bank finds out several days or weeks later that money was wired from a stolen account. Your bank returns the money to the originating bank - and you're responsible for the chargeback. The thief, who is in another country where the police give somewhere in the neighborhood of "jack" and "sh*t" about your complaint, is laughing his butt off with the watch. This risk-reward part of this equation escapes me. Ron seems like a nice fellow, and suggesting to him that it's a good idea to send his watch (which is highly desired in the US and would bring him very close to what he wants $-wise in the US) halfway across the planet to someone in Malaysia, where he has essentially no recourse should something go wrong, seems extremely irresponsible. |
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