For modern society, the trend of interference integration is inevitable. Because of that, import-export services have new breakthroughs and have a lot of potential for development. So, procedures for temporary export and re-import of goods attracted the attention of many businesses. This is an activity of great significance in promoting the growth of the economy.
What is the procedure for temporary export and re-import of goods?
What is temporary export and re-import of goods?
Temporary export for re-import of goods means that such goods are brought abroad or brought into special areas in the territory of Vietnam. This is considered a separate customs area according to the provisions of current Law. At the same time, there are procedures to export out of Vietnam and procedures to import such goods into Vietnam.
Temporary export for re-import is the exact opposite of temporary import for re-export. Although different, both activities are important. Especially for the import and export industry. Especially the export of goods at borders and border gates.
Specific regulations on procedures for temporary export and re-import of goods
Accordingly, specific regulations on temporary export and re-import are as follows:
- Enterprises have the right to temporarily export and re-import goods for production and construction purposes. Or used for other purposes as follows:
- Goods banned from export or import or temporarily suspended from export/import. Goods subject to the management of import and export quotas, etc., must have a full permit for temporary export and re-import of goods.
- For goods not in the above cases, enterprises need to carry out procedures for temporary export and re-import at the customs office.
- Enterprises may temporarily export and re-import goods with warranty period. This period is calculated according to the import contract or warranty agreement signed previously.
- In case the goods are no longer within the warranty period under the import contract or under the contract, the warranty. The temporary export for re-import must comply with separate regulations on goods banned from export and consumer goods.
- Enterprises are allowed to conduct temporary export and re-import of goods to attend exhibitions abroad.
- As for the national treasures and antiquities, it is necessary to comply with the Law on Cultural Heritage when taking them abroad.
- The Ministry of National Defense and the Public Security shall permit the temporary export and re-import of weapons and equipment for the purpose of national security and defense.
The purpose of the current activities of temporary export and re-import of goods
Purpose of the procedure for temporary export and re-import of goods
Before doing procedures for temporary export and re-import of goods, you need to define temporary export and re-import as a purposeful activity. This activity was born on the need to use goods of some people.
The import industry needs temporary export and re-import activities. Because, there are a number of goods that need to be sent abroad for maintenance and repair. This is the most common purpose, because of the characteristics and nature of the goods that cannot be repaired in Vietnam. It needs to be sent abroad for restoration in a short time.
Next, the purpose of temporary export and re-import is to bring goods abroad to attend exhibitions. In order to promote products well at the above exhibitions, goods need to be shipped abroad within a certain time.
Procedures for carrying out procedures for temporary export and re-import of goods
Procedures for temporary export and re-import of goods are always concerned by businesses
To be able to carry out the temporary export and re-import documents is not an easy thing. It requires in-depth knowledge in the field of import and export. The specific process is as follows:
Step 1: Prepare relevant documents for temporary export and re-import procedures
It is necessary to prepare all relevant documents before exporting a certain type of goods of the enterprise. In this step, the documents to be prepared include: warranty contract, repair activities... Or other documents such as lease, loan guarantee for such goods.
Next you need to prepare a commercial invoice to price the exported products and services. Along with that is the careful preparation of import and export declarations and business licenses, applications for temporary export and re-import
Step 2: Contact to prepare transportation
Businesses can book shipping lines or airlines. At this step, it is assessed that the process is similar to the normal export of goods. Placing the right means of transport will help goods go faster.
Step 3: Proceed to work with the customs authorities
Here, your goods will be checked in detail. You should note that, in the declaration, it is necessary to declare the characteristics of a serial number or a certain number. This will help identify this item as yours.
Step 4: Work with partner agents
Goods after being checked and cleared will be flown abroad. As such, you can now work with partner agents to consign your goods. You should only choose the same unit, a foreign partner for temporary import for re-export.
Step 5: Track the duration of the licenses
While your goods are overseas. You need to follow up to the permit for temporary export and re-import procedures. Sudden changes can be avoided by renewing relevant documents in a timely manner.
Step 6: Do the procedures for re-exporting the goods
When you need to re-import goods, you need to make sure that the goods you get back are the ones you exported. You can base on the numbers on the declaration or product pricing…Once the correct information has been confirmed, notify the foreign partner to carry out re-export procedures.
Finally, you need to prepare the original documents to receive your goods.
There are many businesses that are struggling with the above processes. At that time, businesses can choose the service of temporary export and re-import procedures at the units to ensure good work progress.
Benefits that temporary export at import of goods brings
Reliable temporary export and re-import procedures at Everlog
Firstly: Thanks to this activity, all businesses receive practical benefits. These are domestic enterprises and foreign enterprises. Bring opportunities to exchange and exchange goods.
'The permission to carry out procedures for temporary export and re-import ensures the linkage in leasing between businesses.
Second: Temporarily exporting for re-import also helps businesses reduce their financial burden. Specifically, reducing import and export tax costs. The customs unit will refund the tax after completing this procedure.
Thereby, ensuring the openness and transparency of this activity. At the same time, still ensure good delivery of goods.
Third: This is an important activity. It always accounts for a fairly high proportion of import and export procedures.
Why should you choose the service of temporary export and re-import of goods at Everlog?
Currently, Everlog is still a prominent name in the market, trusted by many businesses. Because the procedure for temporary export and re-import of goods here always makes customers satisfied by its speed and affordable cost.
In addition, the staff is enthusiastic and attentive. Always listen to the opinions of customers. From there, build the best plan based on the wishes and needs of the business.
Procedures for temporary export and re-import of goods in particular and procedures for import and export in general are always consulted in detail by us. Every process is always committed to the agreement, bringing the highest benefits to the business.
Currently, Everlog is confident to be the leader in providing import and export solutions, procedures for temporary export and re-import of goods reputation. Customers and businesses can contact directly to receive the earliest quotation.
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