03 CONDITIONS FOR AN ENTERPRISE TO BE EXEMPTED FROM MULTIPLE JOURNEY GUARANTEE
This new content is prescribed by the Government in the Decree No. 46/2020/ND-CP dated April 09, 2020 on customs procedures, customs inspection and supervision of goods in transit via the ASEAN Customs Transit System to implement Protocol 7 on the Customs Transit System.
Specifically, the ASEAN Customs Transit System (ACTS) is an integrated information technology system established and connected by ASEAN member states to exchange electronic transit procedures and control the transport of goods transiting the territories of the ASEAN member states.
Within that, an enterprise shall be exempted from multiple journey guarantee if it meets the following conditions:
Recognized as prioritized transit enterprises; Registered as freight services or logistics services in accordance with the laws; Paying all customs duties, late payment interest, fines within less than 90 days and not subject to coercive measures on tax administrative decision execution related customs within 02 consecutive years up to when the guarantee waiver request is made.
In addition, goods in transit via the ACTS shall only be brought from Vietnam to ASEAN member states or brought from ASEAN member states to Vietnam via international border gates: Cau Treo (Ha Tinh) and Lao Bao (Quang Tri) and Moc Bai (Tay Ninh).
This Decree takes effect on June 01, 2020.
