Vietnam: Customs procedures for goods purchased and sold across border by traders

17:14, 23/01/2016

Recently, the Ministry of Finance of Vietnam issued Circular No. 217/2015/TT-BTC guiding customs procedures and tax administration of border trade activities of traders and border residents according to Decision No. 52/2015/QĐ-TTg.

1. Traders fully meeting the conditions as provided that purchase, sell or exchange goods at border-gate markets, border markets and markets in border-gate economic zones shall, when importing or exporting goods, register declarations and undergo customs procedures at border-gate Customs Branches.

2. Traders that import goods from a bordering country into a market or export goods from a market to a bordering country shall, when conducting customs procedures, make a paper customs declaration.

3. Traders from a bordering country that possess a business registration certificate granted in such country, if having no branch or representative office in Vietnam under law and possessing no business registration certificate granted by a competent Vietnamese agency under regulations, shall conduct import or export procedures through customs agents.

4. Goods imported from a bordering country into a market or exported from a market to a bordering country, which are subject to health, animal, plant or aquatic product quarantine or quality and food safety inspection, must completely undergo quarantine and quality and food safety inspection procedures as prescribed before customs clearance.

Circular No. 217/2015/TT-BTC of the Ministry of Finance of Vietnam takes effect from February 14, 2016.

- Ngoc Duyen -

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