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...
DISCOVERIES OF IMPORTING BANNED GOODS BY HO CHI MINH CITY CUSTOMS
According to the Ho Chi Minh City Customs Department, at Tan Son Nhat International Airport, the Customs agency manages and coordinated with competent authorities inside and outside the sector to arrest the illegal transportation of goods such as used electronic devices (on the List of goods banned from import), mainly imported from Singapore and Korea to Vietnam. In May 2024, Tan Son Nhat International Airport Customs Sub-department discovered a violation by the ground staff of a ground service company passing through the internal gate control area that transported 1 paper bag containing 25 used iPhones, Samsung cell phones, and 100 bills...
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...
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...
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...