On February 05, 2007, the Ministry of Finance issued Circular 10/2007/TT-BTC providing guidance on financial policies and customs procedures applicable to Phu Quoc Island and the Nam An Thoi island cluster, Kien Giang Province.
Customs procedures for goods from abroad imported into the Phu Quoc free trade zone (Illustrative image)
Circular 10/2007/TT-BTC stipulates the customs procedures for goods imported from abroad into the Phu Quoc island 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, submitting customs dossiers in accordance with 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, for goods imported from abroad into the domestic market of Vietnam through gate A and goods exported from the domestic market to abroad through gate A, customs procedures will comply with current regulations.
Additionally, this Circular also stipulates customs procedures for goods exported from the domestic market into the free trade zone as follows:
- In case organizations and individuals engaged in business production in the domestic market register with customs authority at gate B, they are responsible for declaring customs, submitting customs dossiers according to regulations for each type of exported goods. For internal transportation of goods between enterprises and branches inside and outside the free trade zone, the sales contract can be replaced with warehouse release documents. The customs authority at gate B is responsible for fully executing export procedures for domestic business producers according to the current regulations for each type of export.- In case organizations and individuals engaged in business production in the domestic market register the export declaration at the Customs Department of the domestic gate: 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 transshipment of exported goods (except for the confirmation of actual export).
Details can be found at Circular 10/2007/TT-BTC effective from March 07, 2007.
Ty Na
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