Ministry issues regulations on temporary import for re-export
10/10/2012 - 18 Lượt xem
The Ministry of Industry
and Trade recently announced a draft circular regulating temporary
import for re-export, transit goods and storing several kinds of goods at bonded warehouses.
According to the draft
circular, to temporarily import for re-export businesses must have a
minimum two-year experience in import and export and deposit VND5
billion for environmental treatment. As for temporary import of frozen food for re-export, businesses must have warehouses/holding yards to facilitate their temporary import.
According to Decree 12, businesses are permitted to keep temporarily-imported goods for 120 days and to extend the stay twice (increasing the total temporary import duration to 180 days). However, the draft circular requires businesses to keep their
temporary imports in Vietnam for no more than 45 days and to extend
only once for a maximum 15 days. After that, temporary imports will be
confiscated in accordance with the regulations./.
Source: VEN
Source: VEN
