Vietnam: Offenses against regulations on management of bonded warehouses shall be fined up to VND 20 million from December 10, 2020

Specifically, according to Article 23 of the Decree No. 128/2020/NĐ-CP of Vietnam’s Government, fines for offenses against regulations on management of bonded warehouses, tax-suspension warehouses, container freight stations and duty-free shops are specified as follows:

- A fine ranging from VND 1,000,000 to VND 2,000,000 shall be imposed for any of the following offenses:

+ Taking goods, machinery and equipment from the domestic market into a bonded warehouse serving packaging, classification or maintenance without notifying the customs authority;

+ Providing package reinforcement, splitting and packaging services; consolidation, classification, preservation and sampling of goods in the bonded warehouse without notifying the customs authority;

+ Transferring the ownership of goods in the bonded warehouse without notifying the customs authority;

+ Failure to take goods, machinery and equipment out of the bonded warehouse, tax-suspension warehouse, container freight station, duty-free shop or warehouse of the duty-free business when the storage period expires.

- A fine ranging from VND 2,000,000 to VND 5,000,000 shall be imposed for any of the following offenses:

+ Moving goods from one bonded warehouse to another without a written permission from the competent person of the customs authority in charge of the bonded warehouse;

+ Expanding, narrowing or relocating a duty-free shop, bonded warehouse, off-airport cargo terminal, container freight station or site for customs clearance, customs inspection and supervision without permission from the customs authority;

+ Providing banned services in the bonded warehouse or container freight station;

+ Failure to punctually submit reports on the bonded warehouse, tax-suspension warehouse or container freight station.

- A fine ranging from VND 10,000,000 to VND 20,000,000 shall be imposed for any of the following offenses:

+ Sending goods that, by law, must not be stored in bonded warehouses to a bonded warehouse;

+ Concealing and disguising goods in a bonded warehouse or tax-suspension warehouse;

+ Destroying goods in a bonded warehouse or tax-suspension warehouse against the law.

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

Le Vy

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