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Official Gazette

Thursday, January 23, 2020

Importers, exporters to enjoy priority in customs clearance

Updated: 11:56’ - 20/06/2016
A number of customs clearance incentives would be given to importing and exporting enterprises, if a draft decree detailing, and providing measures for implementation of, the Customs Law is approved.

Customs officers at Mong Cai border gate inspect exported goods__Photo: Internet

According to the draft decree prepared by the Ministry of Finance, eligible for such incentives would be importing and exporting enterprises, customs agents, and organizations and individuals importing goods for implementation of key investment projects approved by the Prime Minister.

To be entitled to customs clearance incentives, enterprises would have to be operational for at least two years from the date of application for customs clearance incentives without committing violations of the tax and customs laws, such as tax evasion, tax fraud, smuggling and illegal transportation of goods through border gates; or committing administrative violations beyond the handling competence of heads of customs branches.

In addition, they would be required to earn a minimum annual export turnover of USD 100 million, USD 40 million from domestically produced goods, or USD 30 million from agricultural or aquatic products produced or cultured at home.

Eligible enterprises would be free from documentary and physical inspection, and post-customs clearance inspection, except those showing signs of law violation or subject to random inspection.

In addition, they would be allowed to carry out customs procedures with incomplete customs declarations in the e-customs clearance system, and enjoy tax refund before customs inspection is conducted.

The draft decree is now available to public comment at  (VLLF)

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