VietlawOnline

blue-check Regarding duty exemption with regard to materials imported from bonded warehouses for export production

Official letter No. 4201/TCHQ-TXNK dated October 6th, 2022 of the General Department of Vietnam Customs regarding handling of tax on goods manufactured for export
Posted: 10/10/2022 9:34:12 AM | Latest updated: 17/10/2022 9:13:04 AM (GMT+7) | LuatVietnam: 5559 | Vietlaw: 582
VietlawOnline

The General Department of Vietnam Customs assumes that “a bonded warehouse” meets the definition of a non-tariff - zone according to clause 1 Article 4 of the Law on import and export duties No. 107/2016/QH13 and is a customs-controlled area according to clause 4 Article 3 of the Law on Foreign trade management No. 05/2017/QH14 and the trading relation between the boned warehouse and the outside area is considered to be the import and export relation.

As the result, in case an enterprise imports goods from a bonded warehouse into the inland area for manufacturing goods for export and meets the conditions at Article 12 of Decree No. 134/2016/ND-CPstatus2 (amended at clause 6 Article 1 of Decree No. 18/2021/ND-CP) it shall be exempt from import duty and shall not be subject to value added tax.

Ms Phuong Thao (VietlawOnline.com)
Please tag VietlawOnline.com when reposting this article

Related documents

Penalty document

Unknown

Information

Effective Date Unknown
ExpiredDate Unknown
Published Vietlaw's Newsletter No. 582

Files attachment

enflag pdficon CV4201-06102022TCHQ[VLO].pdf

Timeline

No data

Import and export policies

blue-check
blue-check It is not allowable to import new-generation cigarettes at this time
blue-check Regarding export right of FDI enterprises
blue-check Regarding duty exemption with regard to materials imported from bonded warehouses for export production
blue-check It is not yet allowable to import electronic cigarettes into Vietnam
blue-check It is allowable to import completed products to affix them to exported products
blue-check Regarding wrong declaration of tax rate in relation to the RCEP Agreement
blue-check Regarding destruction of goods being stagnant scraps
blue-check Procedures for auctions of import tariff quota on sugar
blue-check Import of goods inconsistent with the license shall be subject to a fine ranging from VND 2,000,000 to VND 50,000,000
light-check Vietnam’s 2022 Nomenclature of exports and imports
blue-check It is required to declare import origin upon exporting goods on the CITES List
blue-check It is not require to apply for the license to temporarily import exported products for warranty
blue-check Customs authorities will strictly control origins of imported sorbitol products
blue-check Strategy for merchandise exports and imports by 2030
blue-check Regarding processing of goods for foreign traders
blue-check Notes in import of raw materials from Russia for export production
blue-check Regarding facilitation of customs procedures for re-imported goods
blue-check Tariff quota on import of rice and dried tobacco from Cambodia in 2021 and 2022
blue-check New regulations: Materials imported for export production must be labeled