Mazars in Vietnam Newsletter - Customs Update - Issue January 2021

We would like to bring you notable customs updates for January 2021 with the following highlights influencing the corporate operations activities:

1. Customs taxes & valuation

  • No capped value for imports being gift/present
  • Impose anti-dumping duty on some cold-rolled (cold-pressed) carbon steel in rolls or plates originated from China
  • Guidance on the importation of rubber gloves
  • Guidance on the declaration of “Quantity” on Customs declaration form and Customs finalization report
  • New guidance on the declaration of goods being plant-derived products with name and description stipulated under both the nomenclature of medicinal herbs and nomenclature of plant-derived food

2. Certificate of Origin (C/O)

  • Accepting Form D with information about third-country’s invoice on Box No. 7
  • Accepting re-issued C/O without reference information of the original C/O
  • Some notable guidance on C/O under EVFTA  

3. Customs procedure & tax policy applying to export-manufacturing model, export-processing model and export-processing enterprises (“EPEs”).

  • Granting duty exemption for imported material serving export-manufacturing business with certain outsourced process
  • Applying VAT on the import of outsourced products from EPE to domestic zone, even if 100% materials are supplied by the domestic contract owner

4. Customs specialized management requirements for import

  • Some guidance for the importation of medicine and medicinal ingredients
  • No requirement on import license for houseware rubber gloves
  • Supervising goods under intellectual property right infringement upon the GDC’s acceptance

Our support

We do trust the above points are notable and sufficient, but should you have any question or need a deeper discussion on this issue, please do not hesitate to contact us.

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[ENG] Mazars in Vietnam_Customs Newsletter_January 2021
[ENG] Mazars in Vietnam_​Customs Newsletter_​January 2021
[VIE] Mazars Việt Nam_Tin Hải quan_Tháng 1-2021
[VIE] Mazars Việt Nam_​Tin Hải quan_​Tháng 1-2021