Temporary Import and Re-export of Goods Requiring Permits Without Penalties?

Pursuant to Point a, Clause 1, Article 20 of Decree 128/2020/ND-CP (Effective from December 10, 2020) which stipulates as follows:

A fine ranging from VND 10,000,000 to VND 20,000,000 shall be imposed for the act of temporary import and re-export of goods (excluding temporary import for re-export business) that requires a license for temporary import and re-export without such a license.

This penalty is applied to the violating organization (Clause 3, Article 5 of this Decree).

Thus, in the case where an organization commits the act of temporary import and re-export of goods (excluding temporary import for re-export business) that requires a license for temporary import and re-export without such a license, it shall be fined from VND 10,000,000 to VND 20,000,000.

Moreover, the violating organization shall also be compelled to remove the infringing goods from the territory of the Socialist Republic of Vietnam or re-export them at the import checkpoint within the timeframe of executing the penalty decision. Compulsory destruction of infringing goods containing harmful cultural content; cultural products that are banned from circulation or have been suspended from distribution; publications prohibited from distribution in Vietnam. Forced to remit an amount equivalent to the value of the consumed, dispersed, or illegally destroyed infringing goods (Point a, c, d Clause 8 of this Article).

Sincerely!