Customs procedures for imported and exported goods of foreign-invested enterprises

Customs procedures for imported and exported goods of foreign-invested enterprises play an important role in creating favorable conditions for trade activities. Understanding this process not only helps businesses comply with legal regulations but also optimizes time and costs, thereby improving business efficiency. In the following article, Long Phan will analyze in detail the steps to carry out customs procedures for foreign-invested enterprises.

Competent state agencies handle customs procedures

The Customs Branch is the agency competent to handle customs procedures for imported and exported goods of foreign-invested enterprises. According to the Law on Customs 2014, the Customs Branch is responsible for receiving, checking and processing customs documents.

The working process of the Customs Branch includes:

• Receive and register customs declarations
• Check the completeness and validity of the documents
• Carry out physical inspection of goods when necessary
• Issue customs clearance decisions or request additional documents.

The time for handling customs procedures is specifically stipulated in Clause 2, Article 23 of the Law on Customs 2014, accordingly:

• The time limit for checking documents: maximum 2 working hours;
• The time limit for physical inspection of goods: maximum 8 working hours.

Regulations on customs procedures for imported and exported goods of foreign-invested enterprises

Profile components

According to Article 16 of Circular 38/2015/TT-BTC (amended and supplemented in Circular 39/2018/TT-BTC), customs documents for imported and exported goods of enterprises with investment capital in Foreign countries include:

• Declaration of imported and exported goods;
• Commercial invoice;
• Bill of lading or equivalent transport document;
• Export and import license (if any);
• Certificate of origin of goods;
• Investment certificate on commodity trading activities;
• Other documents as prescribed by relevant laws.

Enterprises need to fully prepare 01 set of documents according to the above regulations to submit to the customs authority when carrying out procedures.

Execution order

The process of implementing customs procedures for imported and exported goods of foreign-invested enterprises includes the following main steps:

Step 1: Declare information

• The customs declarant declares information on the electronic customs declaration;
• Fill in all required information, especially the Investment Certificate number in the “License number” box.

Step 2: Submit and present customs documents

• Submit complete customs documents according to regulations;
• Present the goods for physical inspection if subject to inspection.

Step 3: The customs authority receives and checks the documents

• Check the completeness and validity of the dossier;
• Compare declared information with documents;
• Check the conditions of origin, quality, quarantine…

Step 4: Physical inspection of goods (if any)

• Conduct physical inspection of goods according to procedures;
• Prepare inspection records and conclusions.

Step 5: Make a customs clearance decision

• If the dossier is complete and valid: issue a customs clearance decision;
• If violations are detected: request additional declaration or handle according to regulations.

The entire process is carried out on the Customs’ electronic customs clearance system, helping to shorten time and increase transparency.

Reference content: Section 5 of Decree 08/2015/ND-CP (Regulations on customs procedures for imported and exported goods).

Consulting and support services on Customs procedures for imported and exported goods of foreign-invested enterprises

Customs procedures for imported and exported goods of foreign-invested enterprises not only ensure compliance with legal regulations but also help businesses optimize logistics processes and minimize risks. Long Phan with experience in the field of consulting on imported and exported goods, we are committed to providing customers with professional consulting services and the highest efficiency.

The services we provide include:

• Detailed analysis of new regulations on import and export, applicable to each specific product of the business.
• Support in drafting and reviewing customs documents.
• Carry out the electronic declaration on the VNACCS/VCIS system, representing customers to explain to the authorities.
• Support to answer customers’ questions.
• Analyze and propose plans to minimize import and export costs.
• Provide regular detailed reports on import and export situations to customers in the most timely manner.

Benefits when using customs procedure consulting services at Long Phan

Long Phan is a unit specializing in providing customs consulting services for foreign-invested enterprises in Vietnam. When using services at Long Phan, businesses will receive the following specific benefits:

• Save time: Long Phan processes customs procedures quickly, helping to reduce average customs clearance time, compared to doing it yourself.
• Reduce costs: Consulting on code optimization and applying tax incentives to help save import and export tax costs.
• Comply with the law: Ensure customs records meet legal requirements, avoiding the risk of administrative fines that can reach hundreds of millions of dong.
• Timely support: A team of experts is ready to support at all times, solving problems quickly according to customer requests.
• Update information: Provide information about customs records, helping businesses capture information about records.

Long Phan’s professional working process includes:

• Strategic consulting: Analyze and propose optimal, cost-saving import-export plans.
• Document review: Thoroughly check 100% of documents, ensuring accuracy and completeness.
• Business representative: Directly work with customs authorities, and resolve problems that arise during the process of completing documents.
• Monitoring and handling: Monitor the entire customs clearance process, detect and promptly handle arising problems.
• Periodic reports: Provide detailed monthly reports on import and export situations, and propose at least 3 process improvement solutions.

Customs procedures for imported and exported goods of foreign-invested enterprises require a deep understanding of legal regulations and implementation processes. Long Phan with a team of experienced experts is ready to support customers in all customs-related issues. Please contact us immediately via Hotline: 0906735386 for detailed advice and the most optimal support.