We would like to highlight below the notable content of this letter.
For cases where materials are imported under export-production mode, belonging to Customs import declaration sheets registered as from 01/09/2016 onwards, part of which is handed to a 3rd party vendor for processing, then the Company would get back the semi-finished or finished products to continue the production or to export, such imported materials will be fully exempted from import duty as prescribed in Clause 7, Article 16 of the Law on Import and Export Tax No. 107/2016/QH13.
Particularly for the imposed Value-added tax (“VAT”) which has already been paid by the Company and yet been refunded by the local Tax authority, this will be fully refunded by the Customs authority to the Company.
In the coming time, Customs departments of provinces and cities shall increasingly and closely perform the checking of Customs finalization reports on the use of duty-free material, conduct post-clearance Customs audit for high-risk cases, and regularly report to the GDC on the result in implementing this Official Letter.