Export processing cargo

EXPORT PROCESSING CARGO

PROCESS PROCEDURES ESTABLISH NEW FACTORY AND CUSTOMS CLEARANCE FOR EXPORT PROCESSING CARGO

EXPORT PROCESSING CARGO

PREPARATION STEPS :

1. Inform to Customs Department:

2. Digital signatures ( Token USB)

Buying Token USD and register the appropriate service packing

Profile enterprise must provide (certified copy or true copy) :
• 01 Copy of register digital signature using customs.
• 01 Copy of business license of enterprise.
• 01 Copy of tax code registration certificate.
• 01 Copy of ID card or passport of legal representative.
• 04 Copy of the commercial contract. 

3. VNACSS software

Consult enterprise choose suitable type of import and export ( Business,Export production, Export processing)
 Registration the contract with Thai Son software company.
 Setup VNACSS software
 Updating digital signature on the Customs system

4. Registration enterprise information

Updating enterprise information on General Customs system
 Record tax code of enterprise on the system
 Time to update : 24hours
 Require : business license (copy scan)

IMPORT MACHINERY AND EQUIPMENT FOR FACTORY

1. Import machinery under tax exemption

• Registration list of tax exemption
• Import machinery and equipment

2. Import machinery under type of business to make fixed assets pay tax

Feature :

Enterprise don’t enough condition to get list of tax exemption
• Case of enterprise need to expand the factory
• Enterprises are subject to import duties
• Enterprise pay Vat tax (if any)
• Consulting applied HS code reasonably to benefit business
• Time: can be done right after completing the preparation steps

Importing Machinery equipment 

Enterprise must provide documents as below :
• Invoice – 01 copy
• Packing list – 01 copy
• Bill of lading – 01 copy
• Import contract – 01 copy
• Referral letter – 03 original
• Business license -01 copy

REGISTRATION EXPORT PROCESSING CONTRACT

Checking warehouse/factory

Object :

Registration the export processing contract / export production contract at first time
• Enterprise receive outsourcing but hire other firms to process all / part
• More than 3 months after completing the import customs procedures for the first batch of raw materials but no have any products to export
• Random on the basis of risk management to assess the law compliance of the enterprise

Time :

After the enterprise submits the complete dossier of notification of export processing contract / export production contract
• Notification time to check warehouse/factory before 3 days
• Inspection agency: representative of the Customs Branch manages the export processing contract / export production contract

Checking content :

The right to use and lawful ownership of the factory’s facilities, machinery and equipment
 Fence, security …
 Ownership, right to use of machinery and equipment at the production facility compared to the declaration
– Import declaration (if imported)
– Invoices and vouchers for buying machines and equipment (if purchased in the country)
– Finance lease contract (if renting machines)
 The situation of human resources processing / manufacturing
– Enterprises operating over 2 months: payroll, list of employees covered by insurance
– DN less than 2 months: may add later

PROCESSING IMPORT RAW MATERIAL

Import raw material

PROCESSING EXPORT THE FINAL PRODUCTS

Export the final products

FINAL REPORT (Circular 39)

TYPE OF EXPORT PROCESSING

Time: 30 days before the expiry date of the current processing contract

1. Open new the export processing contract  =>  2.Liquidation of current export processing contracts =>  3. Handling excess raw materials and supplies; discarded materials, defective products, machineries and equipment rented or borrowed in service of processing in various forms :

– Selling in the Vietnamese market
– Export paid to foreign countries
– Switch to other processing contracts in Vietnam
– Presents and gifts in Vietnam
– Destroyed in Vietnam

=> 4.Transfer raw material to new processing contract or return raw material

Time: the 90th day from the end of the fiscal year at the latest

Annual settlement finalized report

 According to the principle of total value of import – export – inventory of raw materials, supplies, semi-finished products, finished products
The finalized report must be consistent with the accounting vouchers of the organization or individual.