Heavy fines for offenses against regulations on management of exports and imports at ports, warehouses, depots in Vietnam

Specifically, according to Article 24 of the Decree No. 128/2020/NĐ-CP of Vietnam’s Government, fines for offenses against regulations on management of exports and imports at ports, warehouses, depots and sites for customs clearance, customs inspection and supervision (except for bonded warehouses and tax-suspension warehouses) are specified as follows:

- A fine ranging from 1,000,000 to 3,000,000 shall be imposed for any of the following offenses:

+ Failure to punctually notify the inventory of goods the port, warehouse or depot within customs area;

+ Failure to arrange goods in the port, warehouse or depot at the request of the customs authority.

- A fine ranging from VND 5,000,000 to VND 10,000,000 shall be imposed for any of the following offenses:

+ Failure to adhere to regulations on management, production of statistics, document retention and data about goods entering and leaving the port, warehouse or depot as prescribed by law and provide them for the customs authority on request;

+ Failure to provide information and cooperate with the customs authority in monitoring, inspecting and supervising goods being taken in, out and stored in the port, warehouse, depot or site for customs clearance, customs inspection and supervision.

- A fine ranging from VND 40,000,000 ND to VND 60,000,000 shall be imposed for allowing goods to be released from a port, warehouse or depot when the goods are not eligible for release from the customs-controlled area or a notification of suspension of release of goods from the customs-controlled area has been issued.

View more details at the Decree No. 128/2020/NĐ-CP of Vietnam’s Government, effective from December 10, 2020.

Le Vy

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE