Reviewing the list of scrap that is temporarily suspended from temporary import and re-export business

VCN - Scrap is a sensitive item with many potential risks of environmental pollution, directly affecting human health and the ecosystem. Therefore, strict management measures are needed to avoid the risk that Vietnam become a scrap gathering country in the world.
Avoiding taking advantage and fraud of value added tax Avoiding taking advantage and fraud of value added tax
Strengthen the management of goods deposited in bonded warehouses, temporarily imported and re-exported Strengthen the management of goods deposited in bonded warehouses, temporarily imported and re-exported
HCM City Customs: Enhance the effectiveness of anti-smuggling from risk management HCM City Customs: Enhance the effectiveness of anti-smuggling from risk management
Officials at Cai Mep Port Border Gate Customs Branch inspect imported scrap goods. Photo: N.H
Officials at Cai Mep Port Border Gate Customs Branch inspect imported scrap goods. Photo: N.H

In 2019, in order to strengthen management measures for scrap temporary import and re-export, and transhipment business activities according to the direction of the Prime Minister in Directive No. 27/CT-TTg to prevent risks of congestion at ports and arising trade fraud and smuggling into the domestic market when countries in the region continued to tighten the import of scrap, the Ministry of Industry and Trade issued Circular No. 27/2019 /TT-BCT dated November 15, 2019 stipulated the list of scrap temporarily suspended from temporary import and re-export, and transhipment business.

Circular 27/2019/TT-BCT is effective until December 31, 2024, issued with the List of scrap temporarily suspended from temporary import and re-export, and transhipment business with 32 scrap product codes.

Accordingly, some items on the list of scrap are temporarily suspended from temporary import and re-export, and transhipment business such as:

Gypsum; Anhydrite; Plasters (consisting of calcined gypsum or calcium sulphate) whether or not coloured, with or without small quantities of accelerates or retarders (code 2520);

Granulated slag (slag sand) from the manufacture of iron or steel. (code 2618);

Slag, dross (other than granulated slag), scalings and other waste from the manufacture of iron or steel. (code 2619);

Chemical elements doped for use in electronics, in the form of discs, wafers or similar forms; chemical compounds doped for use in electronics. (Code 3818);

Recovered (waste and scrap) paper or paperboard (Item code 4707);

Silk waste (including cocoons and unsuitable for reeling, yarn waste and garneted stock) (Item code 5003);

Cullet and other waste and scrap of glass; glass in the mass

Broken glass and other scrap and scrap of glass; glass in block form (Item code 7001);…

The validity of Circular 27/2019/TT-BCT lasts until the end of this year, after more than 3 years of implementation, to have a basis to evaluate and consider continuing to propose state management measures for scrap business activities of temporary import and re-export and shipment in accordance with the actual situation. Currently, the Ministry of Industry and Trade is consulting with relevant ministries, People's Committees of provinces and cities and the Vietnam Federation of Commerce and Industry evaluate the results of implementing Circular 27/2019/TT-BCT.

Regarding this issue, the Ministry of Finance has sent a document to the Ministry of Industry and Trade assessing the necessity of continuing to maintain the policy of temporarily suspending the temporary import, re-export and shipment business of scrap.

The Ministry of Finance believes that scrap is a sensitive item with many potential risks of environmental pollution, directly affecting human health and the ecosystem. Therefore, to avoid the risk of becoming a scrap gathering country in the world, it is still necessary to continue to maintain the policy of temporarily suspending temporary import, re-export and transhipment business for scrap.

However, to develop appropriate and effective management policies for temporary import, re-export and transhipment business of scrap, the Ministry of Finance requests the Ministry of Industry and Trade to review bilateral international commitments, multilateral (if any), and research scrap management policies of developed countries to complete the appropriate list of temporary suspension of temporary import and re-export business of scrap, and scrap transhipment business in the next time.

Besides, the Ministry of Finance said that no problems arise related to the implementation of Circular 27/2019/TT-BTC; At the same time, there are no data on temporary import and re-export of scrap goods in the list in the Circular.

By Ngoc Linh/ Binh Minh

Related News

Preliminary assessment of Vietnam international merchandise trade performance in the first 9 months of 2024

Preliminary assessment of Vietnam international merchandise trade performance in the first 9 months of 2024

Highlights 1. According to trade statistics of Vietnam Customs, in September of 2024, a 8.0% downwards in total external merchandise turnover of Vietnam was recorded as compared to the result of August 2024. Exports went down 9.8 %, to USD 34.08 billion and imports decreased 5.9%, to USD 31.76 billion in terms of month-on-month basis. As a result, there was a USD 2.32 billion surplus in Vietnam’s trade balance in this month.
Preliminary assessment of Vietnam international merchandise trade performance in the second half of September, 2024

Preliminary assessment of Vietnam international merchandise trade performance in the second half of September, 2024

The Vietnam Customs Statistics announced that in the second half of September, 2024 the total Vietnam’s exports of US dollars 19.71 billion and imports of nearly US dollars 16.74 billion resulted in a trade surplus of US dollars 2.97 billion.

Latest News

Hanoi Customs resolves tax policy queries for enterprises

Hanoi Customs resolves tax policy queries for enterprises

VCN - Queries regarding customs consultation procedures and tax refunds due to price reduction clauses were addressed by the Hanoi Customs Department, providing clarity for businesses.
Regularly check tax obligations to avoid temporary exit suspension

Regularly check tax obligations to avoid temporary exit suspension

VCN - In order to avoid the situation of arriving at the airport or border gate and only finding out that you owe taxes and being temporarily suspended from leaving the country by the Tax Authority, the Tax Authority recommends that taxpayers regularly look up their tax obligations to have a plan to pay taxes on time, not letting the tax debt situation drag on and drag on.
Implementing the SAFE framework in Vietnam: Assessment through the lens of international standards

Implementing the SAFE framework in Vietnam: Assessment through the lens of international standards

VCN - In June 2005, the World Customs Organization (WCO) developed and adopted the SAFE Framework of Standards to Secure and Facilitate Global Trade. The SAFE Framework plays a crucial role in encouraging countries to modernize, enhance security, and facilitate trade within global supply chain management and Authorized Economic Operator (AEO) programs. This approach introduces a comprehensive method for cross-border goods management and promotes closer cooperation between Customs, businesses, and stakeholders. The Customs News presents a two-part series on implementing the SAFE Framework in Vietnam.
Proposing the Tax Authority be flexible in applying tax debt enforcement measures simultaneously

Proposing the Tax Authority be flexible in applying tax debt enforcement measures simultaneously

VCN - In the draft revised Law on Tax Administration, the Ministry of Finance proposed amending regulations on measures to enforce administrative decisions on tax administration to remove obstacles in policy mechanism and improve the effectiveness of tax administration.

More News

Many shortcomings in process and manual book on handling administrative violations

Many shortcomings in process and manual book on handling administrative violations

VCN - Legal policies on handling administrative violations have effectively supported the technical work of the Customs sector. However, some legal bases and regulations have been amended, replaced, and supplemented, which have limited the efficiency of handling administrative violations of the customs sector.
Implementing the SAFE Framework in Vietnam: Lessons from practice

Implementing the SAFE Framework in Vietnam: Lessons from practice

VCN - The Framework of Standards to Secure and Facilitate Global Trade (SAFE Framework) is a strategic international instrument introduced by the World Customs Organization (WCO) to enhance security and trade facilitation in global supply chains. It contributes significantly to the economic development of the 21st century.
Implementing the SAFE Framework in Vietnam: Solutions and Recommendations

Implementing the SAFE Framework in Vietnam: Solutions and Recommendations

VCN - Recognizing the significance, impact, and benefits of the SAFE Framework in customs modernization and reform, Vietnam Customs is advancing the implementation of SAFE. This involves both capacity building and phased deployment aligned with Vietnam Customs’ development strategy and practical needs.
Abolishing regulations on tax exemption for small-value imported goods must comply with international practices

Abolishing regulations on tax exemption for small-value imported goods must comply with international practices

VCN - The Ministry of Finance said that the abolition of regulations on tax exemption for imported goods valued at less than VND1 million must comply with international practices in the context of the growing trend of cross-border e-commerce activities.
Policy adaptation and acceleration of digital transformation in tax and customs management

Policy adaptation and acceleration of digital transformation in tax and customs management

VCN - In order to contribute to economic growth, tax, customs and logistics management policies need to ensure high adaptability, stability and predictability so that they require little amendment or supplementation.
Implement regulations on special preferential import tariffs under VIFTA

Implement regulations on special preferential import tariffs under VIFTA

VCN - The General Department of Vietnam Customs (GDVC) requests provincial and municipal customs departments to implement Vietnam's special preferential import tariffs under the Free Trade Agreement between the Government of the Socialist Republic of Vietnam and the Government of the State of Israel for the period 2024-2027 (referred to as the VIFTA) from October 15, 2024.
Perfecting tax policy for goods traded via e-commerce

Perfecting tax policy for goods traded via e-commerce

VCN - In order to ensure the goal of developing e-commerce activities without causing loss of state budget revenue, the Customs authority is actively coordinating with policy advisory units of the Ministry of Finance to research and review regulations on tax exemption for import and export goods transacted via e-commerce.
Are belongings of foreigners on business trip to Vietnam exempt from tax?

Are belongings of foreigners on business trip to Vietnam exempt from tax?

VCN - That is the question of Nhat Viet Relocation Company Limited, which has just been answered by the Customs Department and given specific instructions on providing a confirmation of residence of foreigners on business trip to Vietnam to follow tax exemption procedures for movable assets.
Amending regulations on enforcement measures in tax administration

Amending regulations on enforcement measures in tax administration

VCN - In draft of 1 law amending 7 laws in the financial sector, the Ministry of Finance proposed to amend the regulations on enforcement measures in tax administration in the Law on Tax Administration.
Read More

Your care

Latest Most read
Hanoi Customs resolves tax policy queries for enterprises

Hanoi Customs resolves tax policy queries for enterprises

Queries regarding customs consultation procedures and tax refunds due to price reduction clauses were addressed by the Hanoi Customs Department, providing clarity for businesses.
Regularly check tax obligations to avoid temporary exit suspension

Regularly check tax obligations to avoid temporary exit suspension

Tax Authority recommends that taxpayers regularly look up their tax obligations to have a plan to pay taxes on time, not letting the tax debt situation drag on and drag on.
Implementing the SAFE framework in Vietnam: Assessment through the lens of international standards

Implementing the SAFE framework in Vietnam: Assessment through the lens of international standards

The SAFE Framework plays a crucial role in encouraging countries to modernize, enhance security, and facilitate trade within global supply chain management and Authorized Economic Operator (AEO) programs
Proposing the Tax Authority be flexible in applying tax debt enforcement measures simultaneously

Proposing the Tax Authority be flexible in applying tax debt enforcement measures simultaneously

VCN - In the draft revised Law on Tax Administration, the Ministry of Finance proposed amending regulations on measures to enforce administrative decisions on tax administration to remove obstacles in policy mechanism and improve the effectiveness of tax
Many shortcomings in process and manual book on handling administrative violations

Many shortcomings in process and manual book on handling administrative violations

VCN - Legal policies on handling administrative violations have effectively supported the technical work of the Customs sector. However, some legal bases and regulations have been amended, replaced, and supplemented, which have limited the efficiency of h
Mobile Version