On May 14, 2020, the Ministry of Industry and Trade issued Circular No. 09/2020/TT-BTC providing the roadmap for the application of border gates of import and export for the following goods: temporarily imported or re-exported goods; transported goods from border gate to border gate; temporarily imported or re-exported goods at bonded warehouses (“Circular No. 09/2020/TT-BTC”). The article would like to go through some main contents as follows:
Those directly affected by Circular No. 09/2020/TT-BTC:
Traders engaged in business activities of temporary import, re-export, border-gate transfer or bonded warehouse.
Organizations and agencies managing business activities of temporary import, re-export, border-gate transfer or bonded warehouse.
Agencies, organizations and individuals involved in activities of temporary import, re-export, border-gate transfer or bonded warehouse.
Main content of Circular No. 09/2020/TT-BTC:
For the goods of temporary import or re-export or border-gate transfer, if imported into or re-exported out of Vietnam across the land border, the import or re-export for these goods may only be carried out through international border gates, main border gates (bilateral border gates) opened in accordance with the Government’s Decree No. 112/2014/ND-CP dated November 21, 2014 on the management of land border gates.
This regulation is also applicable to the goods at bonded warehouses if such goods are imported into or re-exported from Vietnam across the land border.
Time for applicating the regulations of Circular No. 09/2020/TT-BTC: From 00:00 on January 1, 2021.