CARGO CARRIERS WARN OF DISRUPTION ON ISRAEL OPERATIONS

CARGO CARRIERS WARN OF DISRUPTION ON ISRAEL OPERATIONS

Israel’s Civil Aviation Authority (CAA) has said international flights continue to operate to and from Israel following attacks on the country by Hamas over the weekend. The CAA said that currently “the Israeli airlines are operating as usual”. The organisation added that currently “there are still international flights to and from Israel by many airlines”. However, a number of airlines worldwide have cancelled or delayed flights in response to the situation, and cargo carriers have warned of potential disruption to shipments. FedEx said on its website on October 9: “In light of the events unfolding in Israel, our inbound and outbound flights...

ISSUES RELATED TO RE-PROCESSING

ISSUES RELATED TO RE-PROCESSING

 Issues related to re-processing as below: A re-processing company performed re - processing for processing company (who have processing contract with overseas) but was fined for penalties becauce they did not report the processing to customs before. The re - processing was entrusted to an EPE company, but issues were raised due to the equipment was deliveried in the factory before customs permission. So, we are pleased to provide related laws for your reference to avoid doing wrong customs regulations about re-processing and do not get penalties. Below are Official Dispatch No. 2687/TCHQ-TXNK related to customs regulations about re-processing: 1. Goods imported for further...

THE MINISTRY OF FINANCE PROPOSED AN ALTERNATIVE POLICY WHEN ABOLISHING ARTICLE 35 ABOUT SPOT IMPORT AND EXPORT

THE MINISTRY OF FINANCE PROPOSED AN ALTERNATIVE POLICY WHEN ABOLISHING ARTICLE 35 ABOUT SPOT IMPORT AND EXPORT

Based on the nature of the transaction of goods, the Ministry of Finance recently sent a report to the Government proposing alternative policies when customs procedures are not carried out for spot import and export activities specified at Point c, Clause 1, Article 35 of Decree No. 08/2015/ND-CP as below. Case 1: The Enterprise is not an EPE company: If there happens the import – export trading under the direction of a foreign trader without presence in Vietnam, it can be converted into an EPE Company. Because according to the current Law, the exchange of goods between the domestic and EPE Company...

DIGITAL BORDER GATE IN LAO CAI OFFICIALLY OPERATED

DIGITAL BORDER GATE IN LAO CAI OFFICIALLY OPERATED

From 21st August 2023 , the Management Board of the Economic Zone of Lao Cai province officially operated digital border gate at No II Kim Thanh International Road Border Gate in order to shorten the time and cost of customs clearance for exported and imported of goods through this border gate. Organizations and enterprises have import and export activities through No. II Kim Thanh International Road Border Gate that will make declarations on the system https://cuakhauso.laocai.gov.vn to be handled import and export procedures. From 21st August 2023, import-export declarations will be opened and fill in all information on digital border gate...

UPDATE REGULATION OF ON – THE – SPOT EXPORT AND IMPORT AFTER OFFICIAL LETTER 2587/TCHQ-GSQL 2023

UPDATE REGULATION OF ON – THE – SPOT EXPORT AND IMPORT AFTER OFFICIAL LETTER 2587/TCHQ-GSQL 2023

On 8th August 2023, The General Department of Customs has issued Official Letter 4146/TCHQ-GSQL 2023 to answer questions of Associations and Enterprises related to on-the-spot export and import after issuing Official Letter 2588/TCHQ-GSQL 2023. Based on the provisions of the Commercial Law, the Law on Foreign Trade Management, and the transactional nature of the goods, the exported or imported goods must be brought out/into the Vietnamese territory or brought out/into the customs area. But to on-the-spot export and import activities, goods are bought and sold within the domestic market and there is no movement of goods out of the border of...

OPENING OF VIETNAM - CHINA RAILWAY TRANSPORT ROUTE

OPENING OF VIETNAM - CHINA RAILWAY TRANSPORT ROUTE

Vietnam - China railway transport route from Shijiazhuang City in China to Yen Vien Station in Hanoi, Vietnam is opened on 2rd August 2023. This train departs from Shijiazhuang City, Hebei Province, China to Yen Vien Station with a journey of 2,700 km, taking over 4 days. The train has 23 carriages. This is the first train of the freight route between the two countries, organized jointly by the railway department of Vietnam and China. This train runs straight, helping businesses shorten the transportation time compared to the time of transporting goods at the border as before and more convenient in carrying...

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