What are regulations on back-to-back proof of goods' origin in Vietnam?
What are regulations on back-to-back proof of goods' origin in Vietnam? What are regulations on transitional provisions for goods in transit in Vietnam? Thank you!
What are regulations on back-to-back proof of goods' origin in Vietnam?
Pursuant to Article 22 of the Circular 05/2022/TT-BTC (takes effect 04/04/2022) stipulating back-to-back proof of goods' origin in Vietnam as follows:
1. A C/O issuing body, or approved exporter of an intermediate Party may issue a back-to-back proof of origin, provided that:
a) A valid original proof of origin or its certified true copy is presented.
b) The period of validity of the back-to-back proof of origin does not exceed the period of validity of the original proof of origin.
c) The back-to-back proof of origin contains relevant information from the original proof of origin in accordance with Annex II enclosed herewith.
d) The consignment which is to be re-exported using the back-to-back proof of origin does not undergo any further processing in the intermediate Party, except for repacking or logistics activities such as unloading, reloading, storing, splitting up of the consignment, or labelling only as required by the laws, regulations, procedures, administrative decisions, and policies of the importing Party, or any other operations necessary to preserve a good in good condition or to transport a good to the importing Party.
dd) For partial export shipments, the partial export quantity shall be shown instead of the full quantity of the original proof of origin, and the total quantity re-exported under the partial shipment shall not exceed the total quantity of the original proof of origin.
e) Information on the back-to-back proof of origin includes the date of issuance and reference number of the original proof of origin.
2. The verification procedures referred to in Article 24 of this Circular shall also apply to the back-to-back proof of origin.
What are regulations on transitional provisions for goods in transit in Vietnam?
Pursuant to Article 28 of the Circular 05/2022/TT-BTC (takes effect 04/04/2022) stipulating transitional provisions for goods in transit in Vietnam as follows:
On the date of entry into force of the RCEP Agreement, preferential tariff treatment shall be granted to a good that meets the requirements of this Circular, and was being transported to or had not been imported into the importing Party. The importer shall make and submit the proof of origin within 180 days of the date of entry into force of the RCEP Agreement.
Best regards!
