On April 09, 2020, the Government of Vietnam issued Decree No. 46/2020/NĐ-CP prescribing customs procedures, customs supervision and inspection of goods in transit though the ASEAN Customs Transit System (hereinafter referred to as “ACTS”) for implementation of Protocol 7 on Customs Transit System.
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. Specifically, authorisations granted to transit traders include:
- Guarantee waiver as prescribed in Article 26 hereof.
- Exemption from the requirement to present the TAD and the goods at the customs authority, except for the case of the ACTS failure.
- 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.
- Use of the special seal approved by the customs authority.
- The validity period of authorisations shall be 36 months from the date of issue of the decision on recognition of authorized transit trader status.
View details at: Decree No. 46/2020/NĐ-CP of Vietnam’s Government takes effect from June 01, 2020.
Address: | 19 Nguyen Gia Thieu, Vo Thi Sau Ward, District 3, Ho Chi Minh City |
Phone: | (028) 7302 2286 |
E-mail: | info@lawnet.vn |