CUSTOMS WORKING SCHEDULE DURING HOLIDAYS

CUSTOMS WORKING SCHEDULE DURING HOLIDAYS

Today we are so pleased to provide you with the news about customs working schedule during Reunification Day and International Workers' Day from April 27 (Sat) to May 1 (Wed).   Bac Giang, Vinh Phuc, Hoa Binh, Bac Thang Long, and Phu Tho customs offices operate Over Time throughout the holiday, and customs offices such as Bac Ninh, Que Vo, Yen Phong, and Thai Nguyen operate overtime throughout the holiday except for Sunday (28th). However, please note that some customs offices and warehouses, such as CFS warehouses in Hai Phong port and Ninh Binh, Hung Yen customs will not be operating throughout...

IMPORTANCE OF THE CORRECT HS CODE AND UTILIZING PRE-DETERMINATION OF CODE

IMPORTANCE OF THE CORRECT HS CODE AND UTILIZING PRE-DETERMINATION OF CODE

HS CODE stands for Harmonized System Code, a unique number assigned to classify all traded goods internationally. Determining the HS CODE of traded goods based on legal provisions and product characteristics is referred to as 'Classification (Nomenclature).’   The reason why accurate classification is crucial lies in the fact that various aspects such as Duty and Tax rates, import/export requirements, exemptions, refunds, and FTA rules of origin are determined by the HS CODE of the goods. Frequently disputes between companies, customs authorities, exporters and importers, and exporting and importing countries arise due to inconsistent classification.   Recently, there have been many cases where Vietnamese...

HO CHI MINH CUSTOMS PROPOSES REDUCING VAT FOR GOODS AND SERVICES

HO CHI MINH CUSTOMS PROPOSES REDUCING VAT FOR GOODS AND SERVICES

Ho Chi Minh City Customs Department proposed that the Ministry of Finance advise the Government to apply a reduction in the Value Added Tax (VAT) rate by 2% for all groups of goods and services currently subject to the 10% VAT rate, to be uniform at the stages of import, production and consumption.   According to Ho Chi Minh Customs Department, during the implementation of the Decree on VAT reduction, a number of difficulties and problems arose related to identifying and distinguishing goods and services that are not eligible for VAT reduction from goods that are subject to VAT reduction. In order to...

OFFICIAL LETTER FOR TYPE CODE G13-TEMPORARY IMPORT UNDER TAX EXEMPTION

OFFICIAL LETTER FOR TYPE CODE G13-TEMPORARY IMPORT UNDER TAX EXEMPTION

On 6th March 2024, The General Department of Customs has issued Official Letter 927/TCHQ-TXNK related to taxes on goods temporarily imported for re-export for warranty, repair. Based on serial number 19 Type code table and issued instructions for use attached to Decision No. 1357/QĐ-TCHQ dated May 18, 2021 of the Director General of The General Department of Customs, Type code G13-Temporary import under tax exemption for use in case of: Goods temporarily imported for warranty, repair or replacement; Re-imported goods of various types of business export, export of processed products, export of products manufactured for export, export of products of export...

THE ISSUANCE OF HARD COPY OF C/O FORM AI FOR EXPORTING GOODS IN ASEAN-INDIA TRADE IN GOODS AGREEMENT (AITIGA)

THE ISSUANCE OF HARD COPY OF C/O FORM AI FOR EXPORTING GOODS IN ASEAN-INDIA TRADE IN GOODS AGREEMENT (AITIGA)

Following Notice No. 1089/XNK-XXHH of Agency of Foreign Trade (AFT) on the issuance of electronic C/O for 11 C/O forms E, AI, AJ, AANZ, AHK, RCEP, S, VC, VJ, VN-CU and CPTPP which were announced to you in KEN NEWS on 2nd January 2024, AFT issued Notice No. 14/TB-XNK to announce the issuance of C/O form AI under the framework of the ASEAN-India Trade in Goods Agreement (AITIGA) for Vietnam's exported goods as follows: At the request of Indian customs authorities, the C/O issuing organizations continue to issue hard copies of C/O form AI for goods exported to AITIGA’s member countries. After...

OVERVIEW OF SOME NOTABLE POINTS OF CUSTOMS REGULATIONS IN 2023

OVERVIEW OF SOME NOTABLE POINTS OF CUSTOMS REGULATIONS IN 2023

When Lunar New Year (Tet Holiday) is coming closely, Customs Department is also managing strictly to confine smuggling and trade fraud. So we are so pleased to provide you about overview of some notable of customs regulations in 2023 based on cases Ken handed as following. Please kindly refer customs regulations we provied to ensure that you company will comply right regulations, avoid fines and always have smooth import – export activities. We hope that the provided information will be helpful to your side and we will strive to provide you useful information related to logistics in the future. CUSTOMS REGULATIONS No. Field Circular No. Content 1 EPE (EXPORT PROCESSING...

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