Re-exporters to pay deposit
Re-exporters to pay deposit
The businesses dealing with temporary import for re-export frozen foods and foodstuffs will soon have to deposit VND5 billion (US$240,000) at the State treasury branch where they are granted business licences.
The regulation is included in a draft circular on temporary import for re-export frozen foods prepared by the Ministry of Trade and Industry.
The circular also requires the businesses to have at least two-year experience in temporary import for re-export to get a frozen food trading licence.
The importers must have a storage facility of at least 3,000sq.m which is surrounded by a hard fence at least 2.5m high. The storehouse must be powered by both national grid and electric generators, with other necessary precautions taken to protect the frozen goods.
In addition, the storage areas must be owned by the importers or hired under a contract lasting at least three years. The areas are also required to be accessible to lorries carrying containers and managed by a local People's Committee.
The importers are asked not to split the temporarily imported containers into smaller parts.
Under the draft circular, the temporarily-imported goods are kept in Viet Nam no longer than 45 days before being re-exported to a third country.
The maximum extension for keeping them in Viet Nam is 15 days. After this time, the importers are ordered to re-export the goods to the country they were sent from.
The draft is released to receive contribution ideas from concerned parties.
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