Vietnam: Application for authorisations granted to traders upon transiting through ACTS

According to Decree No. 46/2020/NĐ-CP of Vietnam’s Government, to be eligible for authorisations when carrying out the ACTS procedure, the following requirements specified in Article 32 hereof must be fulfilled. Authorisations granted to transit traders include:

1. Guarantee waiver as prescribed in Article 26 hereof.

2. Exemption from the requirement to present the TAD and the goods at the customs authority, except for the case of the ACTS failure.

3. Exemption from the examination of customs dossiers and physical inspection of goods at the customs authority of departure, except for the cases of suspected violations.

4. Use of the special seal approved by the customs authority.

5. The validity period of authorisations shall be 36 months from the date of issue of the decision on recognition of authorized transit trader status.

After checking its satisfaction of the requirements in Article 32 hereof, the transit trader shall submit an application for authorized transit trader status directly or by post to the General Department of Customs. Such application includes:

- The application form for authorized transit trader status which is made according to the form promulgated by the Ministry of Finance: 01 original;

- The enterprise registration certificate (if the applicant is a Vietnamese enterprise) or the establishment license (if the applicant is a branch or representative office of a foreign transit trader): 01 photocopy;

- The audited financial statements in the past 02 financial years: 01 photocopy;

- The audit reports in the past 02 financial years: 01 photocopy.

View details at Decree No. 46/2020/NĐ-CP of Vietnam’s Government, effective from June 01, 2020.

Le Hai

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