MINISTRY OF INDUSTRY AND TRADE GUIDES THE LIST OF GOODS BANNED TEMPORARILY IMPORT FOR RE- EXPORT AND BORDER GATE TRANSFER OF GOODS

On 27 January 2014, Ministry of Industry and Trade officially issued Circular No. 05/2014/TT-BCT to fulfill the requirements of temporary import for re-export, temporary export for re-import, border gate transfer of goods of Decree No. 187/2013/NĐ-CP issued by the Prime Minister on 20 November 2014.

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This Circular replaces Circular No. 05/2013/TT-BCT dated February 02, 2013 guiding import for re-export, temporary  export for re-import activities and Circular 04/2006/TT-BTM dated April 06, 2006 detailing border gate activities issued by Ministry of Industry and Trade

The Circular details the list of goods banned business in temporary import for re-export and border-gate transfer, list of goods temporarily suspended from business in temporary import for re-export and border-gate transfer, list of goods permitted the conditional business in temporary import for re-export (including frozen foods, goods applied Special Consumption Tax and used goods banned export, temporarily suspended from export, banded import, temporarily suspended)

Enterprises trading in temporary import for re-export of frozen foods must be established at least 2 (two) years, have activities of goods export, import or temporary import for re-export and pay a deposit of VND 10 billion (ten billion Vietnam dong) at the provincial-level State Treasuries or branches of Commercial banks and have warehouses, yards for trading in temporary import for re-export of frozen foods.

Enterprises trading in temporary import for re-export for goods subject to excise special consumption tax must be established at least 2 (two) years, have activities of goods export, import or temporary import for re-export and pay a deposit of VND 7 billion (seven billion Vietnam dong) at the provincial-level State Treasuries or branches of Commercial banks. Within 90 days from the effective day of this Circular, enterprises which have already been granted the license code number of temporary import for re-export as prescribed in Circular No.  05/2013/TT-BCT dated February 18, 2013 issued by Minister of Industry and Trade, providing for activities of trading in temporary import for re-export of a number kind of goods are entitled to continue trading in temporary import for re-export.

Besides, this Circular also details regulations related to seaway bills of lading for goods of trading in temporary import for re-export; supervision over goods; management and use of deposits of enterprises and cases when enterprises violate or the license code number of temporary import for re-export is withdrawn.

For goods banned export, temporarily suspended from export, goods banned import, temporarily suspended from import as license, under the provisions of Decree No. 187/2013/ND-CP, enterprise must have license issued by Ministry of Industry and Trade for temporary import for re-export, temporary export for re-import, border gate transfer of goods. Circular No. 05/2014/TT-BCT also clarifies dossier, procedures and period of license for enterprises.

Circular takes effect from February 20, 2014

 

Source: website of Ministry of Industry and Trade