Customs agencies take action to tighten temporary imports for re-export

Oct 31st at 23:04
31-10-2012 23:04:45+07:00

Customs agencies take action to tighten temporary imports for re-export

Temporary imports would be able to go through the registered border gates. Meanwhile, if enterprises want to choose other border gates for re-exports, they must get the approval from the customs agencies.

Electronic sealing would help better management

Customs agencies plan to give electronic sealing on goods containers in an effort to fix the holes in the management over temporary imports for re-export.


Under the Decree No. 12, temporary imports must not be kept intact, but the containers can be re-arranged or divided into smaller lots for easier transportation and storage.


The regulation has been exploited by enterprises, which import goods in big quantities and then put the imports for domestic sale. In many cases, businesses later got bankrupted and dissolved, or escaped from the registered addresses, thus making it impossible for taxation agencies to force them to pay tax.


Customs agencies believe that the electronic sealing on containers would help minimize the frauds, because this would allow customs agencies to keep a close watch over import containers from the day they enter Vietnam to the day they are re-exported.


Since the “itinerary” of the temporary imports would be watched by the customs supervision center, it would give alert once the center discovers that some consignments go on the wrong tracks


The HCM City Customs Agency has stated that it has been taking drastic measures to prevent trade frauds. Especially, the Customs Agency No. 3 said it has requested its officers to supervise goods for 24/24 hours to be sure that the temporary imports cannot be dispersed and hidden for later domestic consumption.


Controlling import, export border gates would help

The General Department of Customs has requested the Ministry of Industry and Trade to amend the regulations on the management over temporary imports for re-export. Temporary imports would not be allowed to change into the products for domestic consumption, if these are the products bearing high luxury tax rates and having the licenses granted by the Ministry of Industry and Trade.


Temporary imports would be able to go through the registered border gates. Meanwhile, if enterprises want to choose other border gates for re-exports, they must get the approval from the customs agencies.


GDC also thinks that it is necessary to amend the Circular No. 194 and stipulate that the temporary imports that bear luxury tax and have the Ministry of Industry and Trade’s licenses cannot keep the imports in Vietnam for more than 45 days. If the importers want to extend the deadline, the first extension duration must be longer than 15 days.


The temporary imports for re-export must undergo the full supervision by customs agencies. Especially, the goods imported for re-exported later in accordance with the Ministry of Industry and Trade’s licenses must be kept on the border areas, domestic port areas, ICD or bonded warehouses.


The control over temporary imports has been always kept very strictly at the Vinh Long and Cao Bang customs agencies. After receiving the information about the temporary exports, customs agencies would check if the enterprises bring goods to the border gate areas for re-export or not.


In case enterprises do not prepare to re-export products as scheduled, customs agencies would report this to the agencies where importers made customs declarations before.


In general, the temporary imports would bear the strict control by customs agencies until the day they are re-exported from Vietnam.

vietnamnet



NEWS SAME CATEGORY

Shellfish exports sink further into the muck

In the first 10 months of the year, Viet Nam's export value of two-shelled mollusks fell by 6 per cent to US$70 million, according to the Viet Nam Association of...

Shrimp processors face bankruptcy

About 80 per cent of shrimp processors in the Cuu Long (Mekong) Delta region are on the verge of bankruptcy, says the deputy director of the Ministry of Industry...

Shrimp exports fall as stocks decline

Shrimp farmers, processors and exporters are struggling to survive as high production costs, a lack of raw material and disease outbreaks take their toll.

Mekong Delta fisheries ‘require $2.8 billion for sustainable growth'

The Cuu Long (Mekong) River Delta will need around VND60 trillion (US$2.88 billion) to sustainably develop the local fisheries sector, officials said at a...

Exports a bright spot amid economic gloom

Export continues to be a bright spot in the Vietnamese economy despite several difficulties caused by the ongoing economic slump, a report carried by the Sai Gon...

New required licenses bring new sufferings to wood importers

Wood importers have complained that the new regulation on the PRA (pest risk analysis) import plant quarantine certificate has put big difficulties for their...

Industrial output rises 4.5% in first 10 months

The nation's industrial production increased 4.5 per cent in the first 10 months of this year compared to the same period last year, announced the General...

Seafood processor denies Thai bid

Thailand's largest shrimp exporter, Charoen Pokpand Foods (CP Foods), expects to buy a 40-per-cent stake in Minh Phu Seafood (MPC) at US$2.16 per share, according...

Agricultural exports up 9.5%

The export value of agricultural products and seafood has increased 9.5 per cent year-on-year to US$22.5 billion, the Ministry of Agriculture and Rural Development...

Expressway developer in danger

The Vietnam Expressway Corporation VEC is facing the risk of falling into insolvency, and if so, it may get involved in a lawsuit to be raised by VEC bond holders.


MOST READ


Back To Top