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Customs and Global Trade Updates | December 2022
This update highlights the following matters:
- The special preferential tariff rate under the EU – Vietnam Free Trade Agreement (EVFTA)
- Second review on the application of anti- dumping measures for certain aluminum products
- Draft Circular providing guidance on goods manufactured in Vietnam
- Establishment of the ASEAN Digital Trade Standards and Conformance Working Group (DTSWG)
- Protocol amending the Customs Cooperation and Mutual Administrative Assistance Agreement between South Korea and Vietnam (Agreement in 1995)
- Suspension of Circular 31/2022/TT-BTC dated 8 June 2022 issued by the Ministry of Finance (MoF) on Vietnam’s Nomenclature of imports and exports (Circular 31)
- Mandatory registration for foreign manufacturers who export food products to India
- Various Official Letters (OL) issued by the GDC, regarding:
- Information declared on on-the-spot (OTS) import–export customs declaration (CD)
- Releasing goods from a customs supervision area and conducting inspections by container scanner
- Import license for fertilizer issued via the National Single Window (NSW)
- Customs procedures for goods imported and exported via post services
- Tax and duty exemption for goods disposed of in a Bonded Warehouse (BW)
- Additional declaration and refund of overpaid value-added tax (VAT)
- Tax and duty treatment for goods imported to form fixed assets after conversion