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
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...