Customs and Global Trade updates | February 2023

This update highlights the following matters:

• A number of Decrees promulgating preferential export tariffs and special preferential import tariffs to implement a number of Free Trade Agreements (FTA)
• Decision 2795/QD-BCT (Decision 2795) dated 16 December issued by the Ministry of Industry and Trade (MoIT) authorizing the Vietnam Chamber of Commerce and Industry (VCCI) to organize the registration and withdrawal of the Registered Exporter code (REX code)
• New regulations on the importation of used equipment
• Duty exemption applicable for materials and components which are imported for the production of information technology (IT) products, digital content and software
• Circular on the rules of origin under the ASEAN –Japan Comprehensive Economic Partnership (AJCEP)
• Amending the Product Specific Rules (PSR) under the European (EU) – Vietnam Free Trade Agreement (EVFTA) 
• The European (EU) has imposed carbon tax on certain goods imported into the EU
• Various Official Letters (OL) issued by the General Department of Customs (GDC), regarding:
  • Implement Circular 31/2022/TT-BTC dated 8 June 2022 (Circular 31) issued by the Ministry of Finance (MoF)
  • Policy applied for goods which are subject to State Management
  • Liquidation of  imported goods by selling to overseas customers
  • Customs value check for on-the-spot (OTS) imported and exported goods

Declaration of an invoice number on OTS export customs declarations