Vietnam: Customs procedures for goods imported from abroad into the Phu Quoc free trade zone

Vietnam: Customs procedures for goods imported from abroad into the P (Illustrative image)

Circular 10/2007/TT-BTC stipulates the customs procedures for goods imported from abroad into the Phu Quoc free trade zone as follows:

For goods imported from abroad into the free trade zone through gate A:

- Organizations and individuals engaged in import business are responsible for declaring customs, and submitting customs dossiers under the current regulations for each type of imported goods as prescribed in Clause 5, Section I of this Circular.

- The customs authority at gate A will handle the necessary procedures according to current regulations for each type of goods.

For goods imported from abroad into the free trade zone through gate B: Compliance with current regulations on transshipment of imported goods is required.

Simultaneously, customs procedures for goods imported from abroad into the Vietnam market and goods exported from the Vietnam market through gate A will comply with current regulations.

Additionally, this Circular also stipulates customs procedures for goods exported from the Vietnam market into the free trade zone as follows:

- In case organizations and individuals engaged in business in the Vietnam market register with the customs authority at gate B, they are responsible for declaring customs and submitting customs dossiers according to regulations for each type of exported goods.

The sales contract can be replaced with exporting documents upon the transport of goods between enterprises and their branches inside and outside the free trade zone. The customs authority at gate B is responsible for fully executing export procedures for domestic traders according to the current regulations for each type of export.

- In case organizations and individuals engaged in business in the Vietnam market register the export declaration at the Customs Sub-Department of Vietnam: Customs procedures are carried out according to current regulations for transshipment of exported goods. The customs authority at gate B performs the duties of export gate customs for the transshipment of exported goods (except for the confirmation of actual export).

Details can be found in Circular 10/2007/TT-BTC effective from March 07, 2007.

Ty Na

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