9 November 2021
The General Department of Customs issued the Official Letter No. 4948/TCHQ-TXNK dated 20 October 2021 on entrusting of importing goods for export production with the following contents:
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Commodity purchase and sale entrustment mean commercial activities whereby the mandatory conduct the purchase and sale of goods in his/her/its name under terms agreed upon with the mandator and is entitled to receive mandate commission.
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Organizations and individuals that are entrusted to import or awarded contracts for import of goods to provide for the entities specified in Article 16 of the Law on Export and Import Duties will be granted exemption of import duties on these goods, provided the goods prices under the entrustment or successful bids are not inclusive of import duties.
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In case an organization or individual is eligible for import tax exemption for goods imported for export production but entrusts an organization or individual to entrust the production of exported goods, these goods are exempt from import tax. export. However, this tax exemption comes with the condition that the supply price of goods under the trust contract does not include import tax.
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