Learn about goods temporarily imported for re-export and customs procedures

 24/04/2023

U&I Logistics - Goods temporarily imported for re-export is an important business method in international trade. However, importing and exporting these goods requires businesses to comply with customs regulations and meet the legal requirements of both countries involved. Therefore, U&I Logistics will provide readers with basic information about temporary import for re-export and procedures for temporary import for re-export through the article below.

1. Understanding the concept of trading in goods temporarily imported for re-export

1.1 Legal grounds

Law on Foreign Trade Management No. 05/2017/QH14 approved by the National Assembly of the Socialist Republic of Vietnam, term XIV, 3rd session, on June 12, 2017. Circular No. 11/2017/TT-BCT regulating temporary import for re-export; temporary export, re-import and border-gate transfer of goods.

1.2 Business concept of goods temporarily imported for re-export

• Temporary import

Temporary import can be understood simply as the import of goods for a short time (“temporary”) into the territory of Vietnam. Normally, after being imported into a country, goods will be kept in that country for distribution to the market or for a certain purpose of the importing enterprise in production and business. circulation in the Vietnamese market. However, in the case of temporary import, the imported goods are not intended for circulation in the Vietnamese market but after a short time are exported to a third country.

• Come back

Re-export is the next process of temporary import. After the goods are cleared through customs and imported into Vietnam, they will be re-exported to another country. In essence, these goods are exported twice, exported from the first country, then temporarily imported into Vietnam and then exported to another country, so it is called re-export.

In other words, temporary import for re-export is when goods are brought from abroad or from special areas located in the territory of Vietnam which are considered as separate customs areas according to the provisions of law into Vietnam. procedures for import into Vietnam and procedures for exporting such goods out of Vietnam.

Goods traded in temporary import for re-export have the following characteristics:

• The time for temporarily imported and re-exported goods to be kept in Vietnam shall not exceed 60 days from the date of completion of temporary import procedures. (Clause 4, Article 13, Decree 69/2018/ND-CP guiding the Law on Foreign Trade Management).
• Goods temporarily imported for re-export are subject to Customs supervision from the time they are imported until they are actually exported out of Vietnam.
• The State Bank of Vietnam shall guide the method of payment for goods by the method of temporary import for re-export.

2. The latest types of temporary import for re-export today

As prescribed at Decree No. 69/2018/ND-CP. Currently, there are 05 forms of temporary import for re-export:

• First, temporary import for re-export in the form of business
• Second, temporary import for re-export under warranty, maintenance, lease, and loan contracts
• Third, temporary import for re-export for recycling and warranty at the request of foreign traders
• Fourth, temporary import for re-export of goods for display, introduction, participation in trade fairs and exhibitions
• Fifth, temporarily import and re-export products for humanitarian and other purposes

3. Benefits of temporary import for re-export

Temporary import for re-export is an important economic activity in expanding markets and enhancing import and export activities. The benefits of temporary import for re-export include:

• Creating conditions for enterprises to import raw materials and components to produce export goods at lower prices, improving the competitiveness of exported goods.
• Helping businesses save production costs, reduce working capital load and improve production and business efficiency.
• Helps businesses avoid market risks such as changes in export or import regulations of countries.
• Enhance the ability to control and manage goods, minimize errors in the import and export process, and ensure the safety and quality of goods.
• Actively contribute to economic activities, strengthen trade relations between countries, and contribute to the economic development of the country.

However, businesses need to understand the legal regulations and strictly follow customs procedures to take advantage of these benefits.

4. Customs procedures for goods temporarily imported for re-export

Customs procedures for goods temporarily imported for re-export are specified in Article 82, Circular 38/2015/TT-BTC Regulations on customs procedures; customs inspection and supervision; export tax, import tax and tax administration for exported and imported goods promulgated by the Minister of Finance, specifically:

4.1 Customs procedures for temporary import

Customs dossiers of temporary import include:: documents in import customs dossiers, at the same time, enterprises must prepare additional documents

• Contract of sale of imported goods: 01 photocopy.
• For goods subject to conditional temporary import for re-export according to the Government's regulations:
• Certificate of business code for temporary import for re-export issued by the Ministry of Industry and Trade (01 photocopy)
• The permit for temporary import for re-export issued by the Ministry of Industry and Trade for goods as prescribed must be licensed by the Ministry of Industry and Trade (01 original).

Place of customs clearance: Sub-department of Customs at the border gate where temporarily imported goods are stored.

4.2 Customs procedures for re-export

Customs dossiers for re-export include: papers in export customs dossiers. In the case at the time of carrying out customs procedures for temporary import, the customs declarant makes a paper customs declaration made according to the form HQ/2015/NK Appendix V issued with Circular 38/2015/TT-BTC, when doing so customs procedures for re-export, the customs declaration is also made on the paper customs declaration form HQ/2015/XK Appendix V issued with this Circular.

Above are detailed information about the business of temporary import for re-export as well as procedures for temporary import for re-export in Vietnam. Hope the information from the above article will help your work.

5. U&I Logistics - Flexible and precise import and export service

During many years of persistent operation with the motto "Customer is the first", U&I Logistics has turned flexibility into a key factor for the success of the business, when all services are customizable. high to meet all the needs of customers.

• Sea and air transportation - Flexibility thanks to the international trade network
• Logistics and distribution of goods - Flexibility thanks to multi-service integration
• Customs clearance agent - Flexibility thanks to a professional team
• Inland transportation - Flexibility thanks to the application of modern technology

For any transportation requirement, individual or integrated, the U&I Logistics team knows how to provide the most suitable solutions for customers and handle them quickly and accurately using a transportation management system. download (Transport Management Software).

With the trust from customers, U&I Logistics is committed to making more efforts to bring success to all partners in import and export activities.

U&I Logistics 

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