Proposal to ban temporary import and re-export of petroleum by sea
This solution was proposed by the Ministry of Finance and Customs to prevent businesses from taking advantage of loopholes in temporary import and re-export regulations, especially with petroleum products, for profit.
Speaking to the press last weekend, Deputy Minister of Finance - Do Hoang Anh Tuan admitted that the temporary import and re-export mechanism, especially with petroleum products, currently has many loopholes that can be exploited by businesses for illegal profit. Previously, Ho Chi Minh City Customs recorded many cases of transferring a part of temporarily imported petroleum to domestic business, sometimes 60% of the shipment, sometimes increasing to 80% and sometimes even selling the entire shipment domestically. Thousands of tons of temporarily imported goods have been brought to the domestic market in such a way.
In many cases, temporarily imported gasoline is transferred for domestic consumption.
Illustration photo: PLVN
"Enterprises take advantage of the regulation that does not prohibit temporarily imported gasoline to be transferred to domestic business. Especially when the import policy changes, the number of calculation units requesting to transfer is very large," said Mr. Pham Van Hong, Deputy Head of Saigon Port Customs Branch, Region 3.
According to the leader of the Ministry of Finance, due to the large difference in import tax on petroleum products in the first 8 months of the year (increased from 0% to 12% currently), if businesses illegally transfer this product from re-export to domestic consumption, the profits will be very large.
To overcome this situation, the General Department of Customs has conducted a general inspection of key enterprises to clarify the volume of imported and exported goods at each specific unit as well as violations that need to be handled. The results are expected to be announced in early September. However, the financial sector also affirmed that it is necessary to soon amend current regulations on temporary import - re-export (according to Decree 12 of 2006 of the Government) to prevent enterprises from circumventing the law. In particular, the Ministry of Finance proposed to ban temporary import - re-export of petroleum by sea.
“In the current context, we find that temporary import and re-export of petroleum to Laos or some areas of Cambodia is still reasonable, because those places are far from the port. But doing this business with China is very unreasonable. Is it because the route is shorter or the port conditions of Vietnam?
Besides petroleum, the Ministry of Finance also believes that the temporary import and re-export situation of most goods is a headache and prone to violations. Recently, the value of goods cleared through customs into Vietnam
In key areas, customs also discovered up to 1,010 shipments that had exceeded the 180-day stay period and had not been re-exported. This agency has also just handled 167 containers of prohibited goods (scrap, lead batteries, microchips, industrial waste, etc.) brought into Vietnam.
To solve this problem, the Ministry of Finance proposed to soon amend the regulations on temporary import and re-export in a stricter direction. Specifically, goods banned from import according to international practice should also be banned from "temporarily importing" into Vietnam.
In addition, it is necessary to consider temporary import and re-export of goods as a conditional business line, clearly specifying the time and route for transporting these goods, and binding regulations on import and export documents, payment procedures, etc. "It is possible to move towards attaching positioning chips to containers of this type of goods because in reality, the price of such devices is not expensive," a representative of the financial sector proposed.
According to Express-M
