Mazars in Vietnam Newsletter - Customs Update - Issue May 2021
Mazars Vietnam Customs Newsletter - May 2021
I. Customs duty and procedure
- New tariff under UKVFTA for the period 2021 – 2022
- Allowing anti-dumping tax refund in case exclusion is granted after the tax has already been paid
- Import duty refund is not allowed if the temporarily-imported goods are not recorded in accounting books
- Releasing goods of violating importers for preservation during the waiting time of specialized management check result
- Mandatory radioactive testing for imports being iron and steel scrap
- Some guidelines on imported building materials
II. HS code and Goods origin
- Denial of HS code advance ruling if any difference between the granted ruling and the actual goods
- Guidance on “Minimal operations and processes” in determining the origin of goods
III. Registration and use of duty-free list
- Some guidance on the registration and application of the duty-free list (“Master list”)
- No duty exemption for goods imported as replacement of duty-free goods imported to form fixed asset of incentivized projects
IV. Contract manufacturing / toll manufacturing for export models, and business activities of export-processing enterprises (EPE)
- New guidance on the trading activity of EPE
- No limitation in forwarding the product of a toll manufacturing contract
- Clarification on tax treatment in case of disposing scraps from export-manufacturing business
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- Customs advisory: Compliance & reporting; FTA and C/O; Harmonised System code classification and valuation; Inventory control; International trade arrangement; and Others.