x Many shippers and businesses wonder what are temporarily imported and re-exported goods? What are the regulations for temporarily imported and re-exported goods?
x You don't know clearly which items are and are not allowed to be temporarily imported for re-export?
x Do you need to know the steps in the process of temporarily importing and re-exporting goods?
Temporary import for re-export is a familiar term in import and export activities... Below, Proship.vn will clarify what the concept of temporary import for re-export is and related knowledge to help quickly answer all questions. problem raised above.
Temporarily imported for re-export, what are temporarily imported for re-exported goods?
What is temporary import for re-export? Temporary import for re-export is an important process in import-export activities. Because this is a legal process, allowing goods to be imported into a country with the intention of being re-exported abroad without being subject to prescribed import taxes.
What are temporarily imported and re-exported goods? Temporary import means bringing goods into Vietnamese territory for a certain period of time and is temporary in nature. This is different from normal imports, where goods are often retained domestically for distribution or use in the enterprise's production and business activities and are sold on the Vietnamese market.
Re-export is the next step of the temporary import process. Once the goods have completed customs procedures and are imported into Vietnam, they will continue to be sent to the third country.
What types of goods are and are not allowed to be temporarily imported for re-export?
What types of goods are ALLOWED to be temporarily imported for re-export and what are NOT ALLOWED to be temporarily imported for re-export?
Which goods are ALLOWED to be temporarily imported for re-export?
According to the provisions of Article 48 of Customs Law No. 54/2014/QH13, types of goods that can be temporarily imported for re-export include:
- Revolving vehicles used to store goods;
- Machinery, equipment, and professional tools to serve the job for a certain period of time;
- Machinery, equipment and construction means, molds and samples under lease or loan contracts for production and construction;
- Components and spare parts imported by ship owners for the purpose of replacing and repairing foreign ships and aircraft;
- Goods participating in fairs, exhibitions, and product introductions;
- Other goods.
Which goods are NOT ALLOWED to be temporarily imported for re-export?
In Article 40 of the Law on Foreign Trade Management 2017, there are regulations prohibiting the business of temporary import, re-export, and border-gate transfer, and temporarily suspending the business of temporary import, re-export, and border-gate transfer as follows:
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Prohibit the business of temporary import, re-export, and border-gate transfer. Temporarily stop the business of temporary import, re-export, and border-gate transfer
1. Prohibition of temporary import, re-export, and border-gate transfer of goods in the following cases:
a) Goods are hazardous waste, scrap, and waste;
b) Goods banned from temporary import, re-export, and border-gate transfer according to international treaties to which the Socialist Republic of Vietnam is a member;
c) Goods are used consumer goods that are at risk of commercial fraud;
d) Goods with high risk of causing environmental pollution, epidemics, affecting human health and life.
2. The Government details the List of goods banned from temporary import, re-export, and border-gate transfer.
3. In order to prevent environmental pollution, epidemics, effects on human health and life, illegal transshipment, and risk of trade fraud, the Minister of Industry and Trade shall decide, Publicly announce goods temporarily suspended from temporary import, re-export, and border-gate transfer business.
Step-by-step process for temporary import and re-export
The temporary import and re-export process is quite complicated with the following sequence of steps:
Step 1: Prepare necessary documents and records
Enterprises need to prepare all necessary documents and records for the temporary import and re-export process, including:
- Application for temporary import for re-export;
- Sales contract or temporary import for re-export contract (if any);
- Commercial invoice;
- List of goods;
- Transport documents (Bill of Lading/Lading Airway Bill);
- Import license (if the goods are subject to a license);
- Other documents according to specific requirements of customs authorities.
Step 2: Submit application and register for temporary import
The application submission and temporary import registration are as follows:
- Enterprises submit documents at the competent customs authority;
- Carry out temporary import registration for goods, including declaration of goods information, purpose of temporary import, and re-export deadline.
Step 3. Customs inspection and approval
The steps for customs inspection and approval are as follows:
- Customs will examine records and goods to verify their authenticity and correctness;
- If the documents are complete and comply with regulations, customs will grant permission to temporarily import goods.
Step 4: Temporary import and storage
Temporary import and storage methods are as follows:
- Goods are imported temporarily and may be stored in special warehouses under customs supervision;
- During this process, businesses can process, assemble, and repair goods (if necessary) before re-exporting.
Step 5: Re-export goods
Re-export of goods is carried out as follows:
- When the re-export deadline arrives, businesses need to prepare re-export documents and submit them to the customs authority;
- Re-export documents include: Re-export application, commercial invoice, goods list, shipping documents, and other documents similar to import;
- After the dossier is reviewed and approved by customs, the goods will be re-exported from Vietnam.
Step 6: Close the temporary import and re-export application
Closing temporary import and re-export documents is carried out as follows:
- When the re-export process is completed, the enterprise needs to notify the customs authority to close the temporary import and re-export dossier;
- The customs authority will check and confirm the completion of re-export, and close the temporary import and re-export dossier of the enterprise;
- The temporary import and re-export process requires accuracy and compliance with legal regulations. Businesses need to pay attention to the specific requirements of customs authorities and legal regulations to ensure the process goes smoothly.
What is temporary import for re-export , what are the regulations on temporary import for re-export, what is the process for temporary import for re-export, which items are PROHIBITED and NOT PROHIBITED for temporary import for re-export,... have been shared. by Proship. If your business has any related questions, please contact 0909 344 247 for answers or advice on safe, cheap and cost-effective multi-modal transportation solutions.
