Temporary import and re-export of frozen food requires a deposit of 10 billion VND.

From February 20th, for frozen food products, businesses engaged in temporary import and re-export must have been established for at least two years, have experience in exporting, importing, or temporarily importing and re-exporting goods, and have a deposit of 10 billion VND.

For goods subject to excise tax or used goods, businesses must deposit 7 billion VND as a security deposit. This is one of the provisions of Circular No. 05/2014/TT-BCT issued by the Ministry of Finance to replace previous related regulations.

The circular also specifies the documents and procedures for granting temporary import and re-export business registration certificates to enterprises that meet the above-mentioned conditions. Enterprises that have already been granted temporary import and re-export business registration certificates by the Ministry of Industry and Trade under previous regulations may continue to operate for 90 days from the effective date of this circular.

According to Thanhnien