According to Official Dispatch No. 2643/TCHQ-GSQL dated June 10, 2024 of the General Department of Customs(GDC) sent to the Ministry of Industry and Trade, in the process of carrying out customs procedures for on-spot import and export specified in Article 35 Decree No. 08/2015/NĐ-CP, customs authorities face challenges related to identifying foreign traders not present in Vietnam. To implement that regulation, it must be determined that foreign traders meet the condition of not having a presence in Vietnam, then are eligible for on-spot import and export cases. However, legal documents on commerce and foreign trade only stipulate the definition of foreign...
SOME AMENDMENTS REGARDING ORIGIN OF GOODS IN THE AKFTA AGREEMENT
The Ministry of Industry and Trade has just issued Circular No. 04/2024/TT-BCT, amending and supplementing a number of articles of Circular No. 20/2014/TT-BCT. Circular No. 04/2024/TT-BCT takes effect from May 11, 2024. Circular No. 04/2024/TT-BCT amends Article 4, ANNEX I (Rules of Origin) issued together with Circular No. 20/2014/TT-BCT to granting exporters/manufacturers the right to choose the formula for calculating Regional Value Content (RVC) in terms of direct or indirect calculation method for fixed use throughout a financial year and for post-audit verification. Moreover, the Circular amends Clause 1, Article 5, APPENDIX V (Procedures for issuance and inspection of C/O) to legalizing...
VMA, CONTROLLING SHIPPING LINE SURCHARGE INCREASES
Regarding the situation where foreign shipping lines are charging many types of fees and surcharges to Vietnamese import-export enterprises, The Vietnam Maritime Administration (VMA) has assigned maritime port authorities and branches authorities to examine freight rates and surcharges of shipping lines, avoiding situations where shipping lines violate competition laws. Previously, the implementation of Circular No. 39 issued by the Ministry of Transport led to a 10% in the charges for loading and unloading services at seaports, causing several shipping lines to raise cargo handling surcharges at ports. In addition, foreign shipping lines are also collecting 10 other types of surcharges, including...
ETIHAD CARGO “SECURETECH” SERVICE, FOR SAFE TRNSPORTATION OF ELECTRONIC CARGO
Abu Dhabi, United Arab Emirates – Etihad Cargo, the cargo and logistics arm of Etihad Airways, has launched SecureTech. This new product is the ninth addition to the carrier's suite of premium products and is dedicated to the safe and secure transportation of consumer electronics, including mobile phones, laptops, tablets and other lithium battery-powered devices. Etihad Cargo recently achieved IATA CEIV Li-batt certification, ensuring the carrier's handling of electronics is in accordance with the highest safety and efficiency standards. What is SecureTech? A new product dedicated to the safe and secure transportation of consumer electronics, to meet growing demand driven by new...
THE SITUATION OF EXPLOITING FLIGHTS IN FOGGY CONDITIONS NEAR TET HOLIDAY
In the first days of February, at airports in the Northern, there was fog, low clouds, and reduced visibility below flight operation standards which negatively affected flight operations. Especially in Noi Bai Airport, horizontal visibility has reduced to less than 300m at some time. During the two days of 2nd – 3rd February 2024, at northern airports, there was a phenomenon of dense fog, low cloud, and limited visibility which is directly affecting flight operations. Flights must be taken off at alternate airports or canceled, delayed. From 2 a.m on 2nd February, flights were unable to take off and land at Noi...
SWITZERLAND OFFICIALLY WAIVE IMPORT TAXES OF INDUSTRIAL GOODS
From 1st January 2024, industrial goods are officially waived import taxes when imported to Switzerland from all of the countries over the world. This is an important trade policy, implemented by this country after many years of research and preparation In Switzerland, industrial goods include intermediate inputs to the production process such as raw materials, semi-finished products, machinery and equipment, salt and industrial salt, as well as consumer goods such as automobiles, household appliances, clothes, shoes,... The waiving of import taxes of industrial goods does not change the customs clearance process. Importers still have to declare imports and pay other fees and...