According to opinions of the General Department of Vietnam Customs, in case exported goods for which customs procedure has been completed for sending to bonded warehouses pending export, if then they are transferred and imported back to the domestic market, it is required to register the import declaration according to a corresponding mode and carry out procedure for import according to Article 91 of Circular No. 38/2015/TT-BTC (amended at clause 59 Article 1 of Circular No. 39/2018/TT-BTC ).
Regarding duty policy, with regard to goods imported from bonded warehouses into the domestic market derived from exported goods for which customs procedure has been completed, enterprises shall carry out duty policy according to a corresponding mode; If the goods are imported from bonded warehouses to the domestic market for export production and meet the conditions at Article 12 of Decree No. 134/2016/ND-CP (amended at clause 6 Article 1 of Decree No. 18/2021/ND-CP), they shall be exempt from import duty and not subject to VAT.
|Published||Vietlaw's Newsletter No. 590|