Vietnam: New points of physical inspection of the enterprise to prioritize customs procedures

15:47, 17/02/2019

Recently, the Ministry of Finance of Vietnam issued Circular No. 07/2019/TT-BTC providing amendments to Circular No. 72/2015/TT-BTC on application of priority policies to customs procedures, customs supervision and inspection of imports and exports.

Circular No. 07/2019/TT-BTC of the Ministry of Finance of Vietnam amends and supplements regulations on enterprises’ eligibility for priority policies, specifically, the physical inspection of the enterprise shall be carried out as follows:

- The General Department of Customs shall organize a physical inspection at the enterprise’s premises. Contents of a physical inspection:

+ Compare the results of the physical inspection with the information provided by the enterprise.

+ Carry out a post-clearance inspection at the enterprise's headquarters in order to evaluate the enterprise's compliance with applicable laws if that enterprise does not bear any post-clearance inspection or supervision serving the evaluation of the enterprise’s compliance with the law on customs and the law on taxation within 24 consecutive months before the date on which the enterprise submits the application for customs priority policies.

- A physical inspection at the enterprise or the investment project must be completed within 05 business days.

View details at Circular No. 07/2019/TT-BTC of the Ministry of Finance of Vietnam, effective from January 28, 2019.

- Thanh Lam -

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