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...
BORDER GATE SITUATION AT THE END OF 2023
At the end of the year, the number of import and export goods passing through the Vietnam - China border gate is increasing sharply. Along with facilitating the most favorable conditions for import-export businesses, the customs has implemented many measures to strictly control, monitor and prevent trade fraud, strictly handle violations, strengthen inspection, supervision of import and export goods and prevent loss of taxes. Grasping the sharp increase in import and export at the end of the year, customs has implemented many measures to achieve the highest efficiency of clearing customs situation as follows: Prioritizing the customs clearance of agricultural products. Shipments...
THE CUSTOMS SECTOR STRICTLY MANAGES TO ACHIEVE BUDGET TARGET AT THE END OF 2023
From now until the end of the year, the Customs sector will focus resources to facilitate trade, support businesses in import and export, strictly control tax collection and prevent loss of state budget, ... to complete target of state budget of the Customs sector in 2023 through the following specific methods: 1. Focus on promoting administrative procedure reform; focus on resolving difficulties for businesses promptly; create favorable conditions for businesses to develop stably and firmly, attract investment and promote economic growth in order to create a premise for increasing state budget. 2. Along with creating favorable conditions for businesses, customs continues to increase...
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...
NEW EXPORT AND IMPORT TARIFF SCHEDULE UNDER DECREE NO.26/2023/ND - CP AND DECISION NO.15/2023/QD-TTg EFFECTIVE FROM 15TH JULY 2023
On 31st May, 2023: 1. The Government issued Decree No. 26/2023/ND-CP (Decree 26) promulgated the export tariff schedule, Most Favoured Nation (“MFN”) import tariff schedule, list of goods and absolute tariff, mixed tariff, out-of-quota tariff. 2. The Prime Minister signed off Decision No. 15/2023/QD-TTg (Decision 15) promulgating the normal import tariff applied to imported goods. The new export and import tariff schedule will be effective from 15th July 2023. In Decree No. 26, three main groups of contents have been amended and supplemented, such as: Converting the export tariff schedule, Most Favoured Nation import tariff schedule, list of goods and absolute tariff, mixed...
VIETNAM - KOREA OFFICIALLY CONNECT THE EXCHANGING ELECTRONIC CERTIFICATE OF ORIGIN (EODES) FROM 1ST JULY 2023
Vietnam - Korea have just signed a Joint Statement on technical connection of EODES Electronic Origin Data Exchange System, supporting the transmission and reception of Certificate of Origin (C/O) data through the EODES system between the two countries effective from 1st July 2023. The transmission and reception of Certificate of Origin (C/O) data through the EODES system between Vietnam and Korea speeding up the process and procedures for issuing C/O in the exporting country as well as customs clearance of goods based on electronic C/O data to get the VKFTA and AKFTA tariff preferences in the importing country, reducing the pressure...