Reform management of customs value to meet requirements of integration

Reform management of customs value to meet requirements of integration

VCN - The General Department of Customs has approved the project on reform of customs value management until 2023 (referred to as the Value Scheme for short). The General Department of Customs aims to improve the quality of customs value management to mee
Customs prevents fraud in declaring customs value for goods for Tet

Customs prevents fraud in declaring customs value for goods for Tet

VCN - The GDVC said that these are items with high tax rates, some of which are subject to special consumption taxes, leading to potential risks of commercial fraud in value, and causing revenue loss.
Which cases subject should be exempted from customs fees?

Which cases subject should be exempted from customs fees?

VCN - Therefore, import and export with a customs value of VND500,000 or more is subject to customs fees. Import or export worth VND500,000 or more, but with a total tax payable of less than VND50,000, is subject to exemption from customs fees.
Reforming customs valuation to facilitate law-abiding enterprises

Reforming customs valuation to facilitate law-abiding enterprises

VCN - Within the framework of the meeting, representatives of the departments of the GDVC and the Ministry of Finance discussed the contents of the draft project.
Online training course on customs operations held

Online training course on customs operations held

VCN - The online training course will take 10 days every Saturday and Sunday, and will open on May 14.
Customs ready to share and accompany businesses

Customs ready to share and accompany businesses

VCN- At the meeting, Deputy Director General Thanh said he appreciated the initiative of VBF in working at the General Department of Vietnam Customs. Customs is ready to work with businesses, he said.
Regulations related to customs value are expected to be amended

Regulations related to customs value are expected to be amended

VCN- According to the drafting agency, this content is planned to be amended as follow based on risks on value and channel classification on the VNACCS, the customs officer will check the declared information and value by customs declarant to identify sus
Merging two circulars providing customs value of imports and exports

Merging two circulars providing customs value of imports and exports

VCN - On April 23, the Ministry of Finance issued Document No. 21 / VBHN-BTC to merge Circular 39/2015 / TT-BTC and Circular 60/2019 / TT-BTC regulating the customs value for imports and exports.
Ministry of Finance holds online meeting to discuss the draft circular on Customs value

Ministry of Finance holds online meeting to discuss the draft circular on Customs value

VCN- According to Deputy Minister Vu Thi Mai, the meeting aims for the Ministry’s leaders to receive comments on the draft circular amending and supplementing some articles of Circular 39/2015/TT-BTC on Customs value for import and export goods before pro
Which cases are subject to inspection of customs value for export goods?

Which cases are subject to inspection of customs value for export goods?

VCN - The General Department of Customs has instructed its units to unify inspection of customs value for export goods to tighten management of customs value for these goods.
VCCI proposes simplifying the determination of customs value for duty-free goods

VCCI proposes simplifying the determination of customs value for duty-free goods

VCN – Many goods are subject to import and export rate of 0%, so the determination of customs value is only for statistics.
Many regulations on customs value will be amended

Many regulations on customs value will be amended

VCN - The draft Circular amending and supplementing Circular 39/2015 / TT-BTC after agreement will be submitted to the Ministry of Finance at the end of April 2019
Do not add local charges to Customs value if the enterprise has not made payment to the seller

Do not add local charges to Customs value if the enterprise has not made payment to the seller

VCN - The General Department of Customs has sent a written request to provincial and municipal Customs units for guidance to the enterprise in determination and declaration of Customs value for imported goods.
CIC shall not be added to Customs value after goods are imported

CIC shall not be added to Customs value after goods are imported

VCN- This is the response by the Import and Export Duty Department (under the General Department of Vietnam Customs) to LG Electronics Vietnam-Hai Phong Co., Ltd, on CIC.
Decree No. 59/2018 / ND-CP supplements regulations on customs value

Decree No. 59/2018 / ND-CP supplements regulations on customs value

VCN - Many issues related to Customs value of export goods; inspection and Customs valuation have been amended and supplemented in Decree 59/2018 / ND-CP.
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