Fresh regulations for temporary import and re-export goods in Vietnam
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The Ministry of Industry and Trade has recently issued Circular 09/2020/TT-BCT on border gate regulations for temporary import and re-export goods.
Accordingly, from January 1st, 2020, regarding goods temporarily imported and re-exported, or transshipment, if it is imported or re-exported from Vietnam through land border gate, the import or re-export will only be carried out through international border gates, main border gates (bilateral border gates) that are opened in accordance with regulations in Decree No.112/2014/NĐ-CP dated November 21, 2014 of the Government stipulating land border gates management, reported the customsnews.vn.
Earlier, the Government issued Decree 69/2018/ND-CP stipulating specific articles of the Law on Foreign Trade Management, regulating specifically temporary import and re-export.
Temporary import and re-export goods are allowed to stay in Viet Nam for no more than 60 days from the date of completion of the temporary importation formalities. In cases where it is necessary to extend the time limit, traders shall send written requests for extension to the Customs Branch which carries out the temporary import procedures; the duration of each extension not exceed 30 days and not more than 2 extensions per shipment of temporary import and re-export goods
|Hai Phong Customs officials inspected temporary import and re-export goods. Photo: customnews
This provision is also applied to foreign goods that are temporarily imported and re-exported and deposited in bonded warehouses if goods are imported or re-exported from Vietnam through land borders.
This Circular applies to traders engaged in business activities of temporary import and re-export, transshipment and depositing into bonded warehouse. Organizations and authorities managing business activities of temporary import and re-export, transshipment, depositing in bonded warehouses and agencies, organizations and individuals related to these business activities.
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