Binh Duong Customs facilitates enterprises after Covid-19 pandemic

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Deputy Director of Binh Duong Customs Department Nguyen Truong Giang answered questions from enterprises at the dialogue. Photo T.D

Accompany enterprises

Deputy Director of Binh Duong Customs Department Nguyen Truong Giang said that most Korean enterprises investing in Binh Duong province have complied with the law and worked well with the customs agency in the implementation of import and export procedures, more and more enterpriseshave expanded their investment projects, positively contributing to the local economic development.

Currently, Binh Duong Customs Department is carrying out procedures for more than 300 Korean enterprises, accounting for over 5% of the total number of enterprises in the province. Import-export turnover of Korean enterprises in 2020 as of June 30 was nearly US$2.3 billion, accounting for 11.75% of total import-export turnover at Binh Duong Customs Department.

As of June 30, the State budget revenue of Binh Duong Customs Department reached over VND7,000 billion, down 8.11% over the same period last year, reaching 41% of the estimate (VND17,100 billion), reaching 40.06% of the desired target. In particular, Korean enterprises contributed about VND485 billion or 6.9% of the total state budget revenue of Binh Duong Customs Department.

Speaking at the dialogue, Mr. Kim Young Chul, customs counselor of the Korean Consulate General in Ho Chi Minh City and Mr. Kim Won Sik, Chairman of the Korean Business Association in Binh Duong, confirmed that Korean enterprises operating and investing in Binh Duong province have received support and facilitation for import-export activities from Binh Duong Customs Department.

However, according to Kim Young Chul, in 2020, the business activities of Korean enterprises in particular were narrowed by the impact of the Covid-19 pandemic. In the current context, Korean businesses expects Binh Duong Customs Department in particular and the Customs sector in general to continue creating an appropriate environment for production and business activities of Korean enterprises, helping them to stabilize and recover after the pandemic.

A representative of Youngin Vina Binh Duong Company spoke at the dialogue. Photo T.D

Answer questions on tax policies for enterprises

To further develop the Customs - Business partnership and help enterprises better understand the legal policies, at the dialogue, Binh Duong Customs Department announced the new policies related to import and export activities and information about the points of note, warnings of some mistakes that enterprises often encounter in customs declaration and post-clearance audit activities such as incorrect declaration of codes, tax rates andtaxable value (and failure on additions such as commission, freight), and incorrect declaration of name, category leading to inaccurate application of codes.

At the same time, Binh Duong Customs Department has satisfactorily answered 21 questions that enterprises often encounter in the implementation of customs procedures. Specifically, regarding the question of Sungjin INC Company about the loss of a part of the material in the warehouse, whether the above sufficient amount will be deducted in the final settlement report or not. Deputy Director Nguyen Truong Giang said that if the company proves that the loss of the raw materials is due to natural disasters, fires and provides areasonable explanation and documents, the Customs will consider the deduction in the final settlement report. If the company fails to prove the reasons, the sufficient amount of raw materials will be taxable according to the regulations.

Answering the question of Youngin Vina Binh Duong Company and some enterprises that have outsourced contracts of on-spot import and export goods,Binh Duong Customs Department said that enterprises are allowed to deliver goods before opening declarations and the customs only conducts document examination but physical inspection for on-spot import and export goods, so when enterprises deliver goods, they only need to present a delivery note to customs officefor examination.

However, Binh Duong Customs also noted that there is the case that exporting enterprises have opened declarations but importing enterprises have not opened reciprocal import declarations and refused to receive goods. Then the Customs will levy tax on goods that have been declared. Accordingly, Binh Duong Customs Department recommends enterprises to be cautious in this case. If the enterprises allow the above case, they may be sued, causing damage to other enterprises.

Regarding problems in implementation of provisions inthe General Department of Customs’ Official Dispatch 4137 / TCHQ-GSQL of June 19, 2020 on inspecting the gathering of exported goods, Binh Duong Customs Department said currently there have been no violations of this provision. The customs branches have informed and instructed enterprises to understand and comply with the regulations. However, if any enterprise violates, it will be sanctioned as prescribed.

In the current difficult period of exports of enterprises, Deputy Director of Binh Duong Customs Department, Mr. Nguyen Truong Giang committed, the customs branches under Binh Duong Customs Department will arrange customs officers to always support export goods most quickly and favorably.

In addition, at the dialogue, Binh Duong Customs Department also answered many questions related to the granting of electronic C/O, HS code inspection and deadline for post-clearance audit.