* Are you wondering about the operating model of CFS warehouse?
What is the role? * Import-Export Enterprises want to compare the differences & similarities between bonded warehouses and CFS warehouses?
* You need to know exactly how long the goods will be stored in a specific CFS warehouse?
The process of importing and exporting goods will certainly have to go through many necessary procedures to be able to deliver the entire package to the customer. Especially during the transportation process, some goods will have to stay in the CFS warehouse to wait for the necessary documents and procedures. However, not everyone understands this and at Proship.vn will help you clarify all the issues raised above, including the concept of what a CFS warehouse is, what a bonded warehouse is, comparing similarities & differences. difference between 2 types of warehouses...
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What is CFS warehouse?
What is CFS warehouse ? CFS's full English name is "Container Freight Station". In Vietnam, people in the industry often call it CFS for short or simply understand it as a warehouse for storing goods, a warehouse collecting LCL (Less than Container load) goods.
Specifically, each shipment prepared to be exported or imported into our country is usually transported by Container truck, but the truck is not always full or there are many people delivering the goods but the quantity is small so the truck cannot be filled. . At this time, the responsibility of the CFS warehouse is to separate or combine orders of many shippers in the same Container truck.
And this will help businesses save costs and support more efficient shipping. You can imagine that the work of this CFS warehouse is similar to the process of sending goods at domestic truck companies, they will group many orders together to save time and delivery costs.
Normally, the types of goods allowed to be stored in CFS warehouses mainly include:
- Import and export goods have not yet gone through Customs procedures
- Goods have completed Customs procedures and paperwork or have completed declaration registration and are ready to be put into the warehouse for physical inspection.
What are the similar and different characteristics of CFS warehouses and bonded warehouses?
CFS warehouses and bonded warehouses with similar and different characteristics are specified as follows:
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Customs procedures
1. Exported and imported goods are stored in the LCL collection location beyond the time limit prescribed in Clause, Article 61 of the Customs Law. If the goods are not removed from the LCL collection location, they will be handled. according to the provisions of Article 57 of the Customs Law.2. LCL collection locations, goods stored at LCL collection locations and activities and services performed at LCL collection locations must be subject to customs inspection and supervision.3. Goods transported from the border gate to a retail cargo collection location outside the border gate and vice versa or goods transported from a retail cargo collection location to other customs clearance locations outside the border gate and vice versa must be carry out customs procedures, submit to customs inspection and supervision.4. Customs supervision of goods stored at retail collection locations shall comply with the provisions of Section 3, Chapter III of the Customs Law.
Hard
1. Exported and imported goods are stored in the LCL collection location beyond the time limit prescribed in Clause, Article 61 of the Customs Law. If the goods are not removed from the LCL collection location, they will be handled. according to the provisions of Article 57 of the Customs Law.2. LCL collection locations, goods stored at LCL collection locations and activities and services performed at LCL collection locations must be subject to customs inspection and supervision.3. Goods transported from the border gate to a retail cargo collection location outside the border gate and vice versa or goods transported from a retail cargo collection location to other customs clearance locations outside the border gate and vice versa must be carry out customs procedures, submit to customs inspection and supervision.
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Bonded |
CFS warehouse |
| Definition: What is a bonded warehouse? This is the warehouse and storage area for goods that have gone through customs procedures and are sent awaiting export; Goods sent from abroad to wait for export abroad or import into Vietnam. | Define: What is CFS warehouse? This is a retail freight collection location (CFS), a warehouse and yard area used to carry out activities of collecting, dividing and separating goods of many shippers transporting the same Container.
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| Customs procedures:
1. For goods brought from abroad or from the domestic market or from the non-tariff zone into a bonded warehouse, the goods owner or the person authorized by the goods owner must carry out procedures for entering the bonded warehouse at the Customs Branch managing the bonded warehouse. . 2. For goods from bonded warehouses sent abroad or brought into the inland or non-tariff zones, the goods owner or the person authorized by the goods owner must declare information about goods released from the bonded warehouse to the Customs Branch in charge. bonded warehouse management. In case of import into the Vietnamese market, customs procedures must be carried out as for goods imported from abroad according to the corresponding import type; The actual time of import of goods is the time the customs authority confirms that the goods are taken out of the bonded warehouse. Goods stored in bonded warehouses that are subject to forced re-export according to decisions of competent State Management Agencies are not allowed to be imported back into the Vietnamese market. 3. Goods transported from the import border gate to the bonded warehouse; goods from bonded warehouse to export border gate; Goods from the inland brought into a bonded warehouse and vice versa must go through customs procedures as for goods transported under customs supervision, except in cases where the goods have gone through export procedures from the inland or goods When carrying out import procedures to the domestic market, a combined transport declaration has been opened. |
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| Licensing authority: Director General of the General Department of Customs. | Licensing authority: Director General of the General Department of Customs. |
Services performed:
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Services performed:
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| Favorable:1. Goods of Vietnamese enterprises imported from abroad waiting to be brought into the domestic market, without having to pay import tax;
2. Businesses providing bonded warehouse services can easily arrange and arrange goods scientifically, thereby reducing costs and time. Businesses sending goods at bonded warehouses can also easily monitor the status of their goods being sent at the bonded warehouse. warehouse. |
Favorable:1. In case a business has many retail shipments and wants to sell to many customers in the same destination country, the CFS warehouse is a place to help businesses collect retail goods into a large batch to fill the container to complete export procedures. will save costs.
2. A place where many import goods owners jointly exploit a single bill of lading for imported goods, which will save transportation costs and facilitate import procedures. |
| Hard:1. For goods brought from abroad or from the domestic market or from the non-tariff zone into a bonded warehouse, the goods owner or the person authorized by the goods owner must carry out procedures for entering the bonded warehouse at the Customs Branch managing the bonded warehouse. .
2. For goods from bonded warehouses sent abroad or brought into the inland or non-tariff zones, the goods owner or the person authorized by the goods owner must declare information about goods released from the bonded warehouse to the Customs Branch in charge. bonded warehouse management. In case of import into the Vietnamese market, customs procedures must be carried out as for goods imported from abroad according to the corresponding import type; The actual time of import of goods is the time the customs authority confirms that the goods are taken out of the bonded warehouse. Goods stored in bonded warehouses that are forced to be re-exported according to a decision of a competent state management agency are not allowed to be imported back into the Vietnamese market. 3. Goods transported from the import border gate to the bonded warehouse; goods from bonded warehouse to export border gate; Goods from the inland brought into a bonded warehouse and vice versa must go through customs procedures as for goods transported under customs supervision, except in cases where the goods have gone through export procedures from the inland or goods When carrying out import procedures to the domestic market, a combined transport declaration has been opened. |
How long is the storage period for goods in CFS warehouse?
According to Customs Industry Regulations, the maximum time to store and process goods in a CFS warehouse is calculated within 1 month and 30 days from the date the goods are placed in the warehouse, but if there is a legitimate reason to continue Storage of goods will be extended.
In case of exceeding the time limit for storing goods in the CFS warehouse, the Customs Authority will notify and impose penalties. The goods owner will be notified first. When the order owner comes to pick up the goods, he or she will receive the goods plus the penalty fee. If there is no owner, the goods will be liquidated according to the terms prescribed in the Customs Law.
For example: For imported orders from Germany, if you choose to ship goods by hand to Germany, you do not need to worry about this issue, but if traveling by Customs, the goods must be stored in a bonded warehouse. or CFS warehouse. After completing the procedures, the new goods will be safely delivered to the recipient.
With the most complete and detailed shared knowledge about CFS warehouses, organizations and businesses importing and exporting goods must have clearly understood the concept of what a CFS warehouse is and what role it plays in storing goods . At the same time, also learn more about the typical differences between bonded warehouses and current CFS warehouses so that you can evaluate and choose the appropriate option...If your business unit is looking for warehouse rental services , quickly contact Proship at hotline 0909 344 247 for a detailed quote.
Proship's warehouse rental contact hotline:
Mr Toan: 0909 377 247
Mr Quoc: 0909 344 247
