In the logistics service chain, warehouse service is an important and indispensable factor. Have you ever heard about the concept of bonded warehouses? And what is the procedure for importing goods into bonded warehouses? If you are wondering about these issues and still have not found the most appropriate answer. Then this article will definitely be very helpful to you!
What is a bonded warehouse?
According to the definition in logistics services, the main bonded warehouse is the warehouse and yard service which was built and established in the territory of Vietnam. To be separated from surrounding areas for temporary storage, preservation or implementation of a number of services for domestic and foreign goods brought into warehouses under bonded warehouse lease contracts signed between bonded warehouse owners. with shippers.
As stipulated in Clause 4, Article 4 of the Customs Law, issued in 2014. Bonded warehouses are areas of warehouses and storing yards for goods which have gone through customs procedures and are awaited for export. Goods brought from abroad and sent for export to foreign countries or imported into Vietnam.
Where are bonded warehouses allowed to be built?
In addition to questions about what is bonded warehouse? Then, learning about where the bonded warehouse is built is also a lot of interest. Under the provisions of the law, bonded warehouses will be allowed to build in the following areas:
• Provinces and cities directly under the Central Government. Being the focal point for exchanging goods between Vietnam and foreign countries. A place with favorable conditions for the transportation of export and import goods.
• In industrial zones, high-tech zones, export processing zones and other special economic zones.
Customs procedures for imported and exported goods into bonded warehouses
For goods brought from abroad or from inland, from non-tariff areas. When wishing to bring them into bonded warehouses, the goods owners or persons authorized by goods owners shall have to carry out procedures for bonded warehouses at the Customs Sub-Departments managing bonded warehouses.
In cases where goods are exported to foreign countries or brought into inland or non-tariff areas. Then the goods owner or the person authorized by the owner of the goods must declare the information of the bonded warehouse goods with the Customs Sub-Department managing the bonded warehouse.
In the case of importing into the Vietnamese market, customs procedures must be carried out as for goods imported from abroad according to the corresponding import forms. The time of actual import of goods is the time when the customs office confirms that the goods are taken out of the bonded warehouse.
Goods when being deposited in bonded warehouses if subject to re-export under decisions of competent state management agencies. At this time, it will not be allowed to import back to Vietnam market.
Goods are exported and imported into bonded warehouses
The following items will be allowed to import and export to bonded warehouses:
• Import goods are waiting for consumption in Vietnam market. Goods in transit and storage in Vietnam to wait for the export to a third country.
• Goods have completed customs procedures waiting for export. When goods expire temporarily, they must be re-exported. Goods are forced to re-export by competent state agencies.
In addition, the following goods will not be allowed to be imported into the bonded warehouse including:
• Prohibited goods, counterfeit goods or Vietnamese appellations.
• Goods causing public danger or environmental pollution.
• Goods are banned from export and import, except for cases permitted by the Prime Minister.
Hope with the information that LEC Group has provided above. You have got the most complete answer to the question "What is bonded warehouse?". If you are looking for a bonded warehouse rental service provider. Please contact LEC Group immediately from today to get the best support!
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