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Ministry bans some temporary imports

Oct 18th at 12:02
18-10-2012 12:02:41+07:00

Ministry bans some temporary imports

The temporary importing of used cars and motorbikes destined for a third country has been banned until further notice.

Deputy Minister of Industry and Trade Tran Tuan Anh said the ministry was working with other ministries to produce a circular on the regulations covering temporary imports, he said.

Businesses involved in the process or in trading goods such as wine, beer, tobacco and cigars and others which carry a consumption tax must have operated in the export field for at least two years.

In addition, businesses involved in temporary importing must deposit at least VND5 billion ($250,000) as a bond against environment problems and the possibility goods get damaged and could not be exported.

Temporary imports are permitted to stay in Viet Nam for 45 days instead of the previous 180 days. However, customs may allow one extension of time for up to 15 days, after which the goods are liable to be confiscated.

The Ministry of Industry and Trade has issued Decision No 5737/QD-BCT dated September 28, details the list of goods suspended from temporary imports

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