Order of and procedures for suspension of a bonded warehouse in Vietnam from August 10, 2020

Order of and procedures for suspension of a bonded warehouse for each specific case are specified in Decree No. 67/2020/NĐ-CP of Vietnam’s Government as follows:

In case of suspension as requested by the enterprise:

- The enterprise shall send a written request for approval for suspension of its bonded warehouse, which is made according to Form No. 01 in the Appendix enclosed herewith, to the provincial Customs Department managing the bonded warehouse.

- Within 05 working days from receipt of the enterprise's request, the provincial Customs Department shall inspect and make a record of bonded inventory according Form No. 04 in the Appendix enclosed herewith, which must bear the certification of the warehouse owner, and report it to the Director General of the General Department of Customs.

- The General Department of Customs shall issue a decision on suspension of bonded warehouses within 05 working days from receipt of the report from the provincial Customs Department. The suspension period shall not be longer than 06 months.

In case where the suspension is made because goods have not been moved in or out of the bonded warehouse for a consecutive period of 06 months

- Within 03 working days from the end of the period prescribed in Point b Clause 1 of this Article, the Customs Sub-department managing the bonded warehouse shall report the suspension of the bonded warehouse to the provincial Customs Department.

- Within 03 working days from receipt of the report from the Customs Sub-department managing the bonded warehouse, the provincial Customs Department shall inspect and make a record of bonded inventory according Form No. 04 in the Appendix enclosed herewith, which must bear the certification of the warehouse owner, and report it to the Director General of the General Department of Customs for issuing a decision on suspension of the bonded warehouse according to the provisions in Point a of this Clause.

Moreover, during the suspension period, if the enterprise wishes to resume the operation of the bonded warehouse, it shall give a written notification, which is made according to Form No. 02 in the Appendix enclosed herewith, to the provincial Customs Department.

Within 05 working days from receipt of the enterprise's notification, the provincial Customs Department shall inspect and make a record of operation conditions and bonded inventory according Form No. 04 in the Appendix enclosed herewith, which must bear the certification of the warehouse owner, and report it to the Director General of the General Department of Customs. Within 05 working days from receipt of the report from the provincial Customs Department, the Director General of the General Department of Customs shall issue a decision on operation resumption of the bonded warehouse.

View more details at: Decree No. 67/2020/NĐ-CP of Vietnam’s Government takes effect from August 10, 2020.

Thu Ba

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