New regulations on conditions for recognition of bonded warehouses
Bonded warehouse at North Thang Long Industrial Park. Photo: N.L |
The Decree amends and supplements regulations on conditions for recognition of bonded warehouses.
Specifically, five conditions for recognition of bonded warehouses include areas to be proposed for recognition of bonded warehouses should be located within the areas as prescribed in Clause 1, Article 62 of the Law on Customs or border-gate economic zones or areas approved by competent agencies in the development planning for logistics centers.
Bonded warehouses are separate from surrounding areas by a fence meeting requirements for regular supervision of customs agencies except warehouses in border gates andseaports already fenced off from surrounding areas.
The minimum area of a bonded warehouse in seaports, inland waterway ports, inland container depots, international airports or international railway stations should be 1,000 m2.
The minimum area of a specialized bonded warehouseshould be 1,000m2 or minimum storage volume 1,000m3.
The minimum area of bonded warehouses not subject to the above-mentioned cases should be 5,000m2 (including warehousing, storage yards and auxiliary works) of which area of warehousing should be from 1,000m2.
The minimum area of a bonded warehouse yard should be 10,000m2 without warehousing area.
In addition, a bonded warehouse must have software that meets the requirements of storing data for making statistical reportsdirectly connected to customs agencies on the name, type, quantity, status of goods, time of receipt and dispatch and storage of goods in bonded warehousesunder customs declaration forms to manage according to the automated system for customs management and supervision.
A bonded warehouse must have a camera system that is directly connected to customs agencies and monitor all positions of the bonded warehouse 24/7 (including at gates, doors and in the bonded warehouse; the installation of camera system in the bonded warehouses storing frozen goods is not required); stores data for at least 12 months.
The Decree takes effect from August 10, 2020.
Related News
New regulations create facilitation in the origin management of imported and exported goods
15:30 | 14/06/2023 Regulations
Lang Son Customs encounters difficulties in implementing solutions to facilitate the export of agricultural products
16:30 | 13/06/2023 Customs
New points in the implementation of discipline in Customs sector
10:41 | 12/04/2023 Customs
Strictly control goods in transit, temporarily imported goods for re-export, goods deposited in bonded warehouses to prevent fraud
13:44 | 27/03/2023 Anti-Smuggling
Latest News
Removing difficulties in tax exemption and refund policies for export processing enterprises
14:48 | 27/03/2024 Regulations
Reviewing the list of scrap that is temporarily suspended from temporary import and re-export business
15:41 | 24/03/2024 Regulations
New law expected to boost financial leasing
14:05 | 22/03/2024 Regulations
5% VAT on fertilisers to create fairer market: domestic producers
14:03 | 22/03/2024 Regulations
More News
Why not reduce export tax on fertilizer products to 0%?
09:37 | 21/03/2024 Regulations
Ho Chi Minh City Customs proposed to reduce VAT
09:54 | 20/03/2024 Regulations
Limiting the "power" of major shareholders under the Law on Credit Institutions (amended)
13:52 | 15/03/2024 Regulations
VCCI proposes zero tax rate to be maintained for exported services
15:59 | 13/03/2024 Regulations
Ministry of Finance anwser voters about on-spot imports and exports
09:41 | 13/03/2024 Regulations
Customs instructs C/O submission for imported cane sugar products
09:38 | 13/03/2024 Regulations
SBV drafts regulations on a testing mechanism for Fintech
09:52 | 11/03/2024 Regulations
Finance sector abolishes 40 administrative procedures
09:23 | 10/03/2024 Regulations
Automate the registration fee management process
10:54 | 05/03/2024 Regulations
Your care
Removing difficulties in tax exemption and refund policies for export processing enterprises
14:48 | 27/03/2024 Regulations
Reviewing the list of scrap that is temporarily suspended from temporary import and re-export business
15:41 | 24/03/2024 Regulations
New law expected to boost financial leasing
14:05 | 22/03/2024 Regulations
5% VAT on fertilisers to create fairer market: domestic producers
14:03 | 22/03/2024 Regulations
Why not reduce export tax on fertilizer products to 0%?
09:37 | 21/03/2024 Regulations