(Tiểu luận) import customs procedures in vietnam and analysis of import documents of mekong sauce processing co ltd

Trang 1 SCHOOL OF ECONOMICS AND INTERNATIONAL BUSINESSMID-TERM ASSIGNMENT REPORTIMPORT CUSTOMS PROCEDURES IN VIETNAM AND ANALYSIS OF IMPORT DOCUMENTS OF MEKONG SAUCE PROCESSING CO LTD G

SCHOOL OF ECONOMICS AND INTERNATIONAL BUSINESS

MID-TERM ASSIGNMENT REPORT

IMPORT CUSTOMS PROCEDURES IN VIETNAM AND ANALYSIS OF IMPORT DOCUMENTS OF MEKONG SAUCE PROCESSING CO LTD

Group number: 01 Leader Phone Number xxxxxxxxxx

Hanoi, 2023

# Full name Student

code

Job assigned

Task completion level

List of bonus point

Group bonus point:

Collect of real contract and document: year1 –total number of contracts; year2 –totalnumber of contracts

Individual bonus point (Name, student code and topic)

ABSTRACT 6

INTRODUCTION 7

MAIN CONTENT 9

I Import Customs Procedures in Vietnam 9

1 Overview of the procedure 9

2 Procedures for import of goods 10

2.1 Step 1: Prepare a set of freight documents 10

2.2 Step 2: Prepare digital signature to register to the General Department of Customs 11

2.3 Step 3: Install VNACCS customs declaration software 12

2.4 Step 4: Sign up for specialized testing (if any) 12

2.5 Step 5: Declare and transmit customs declarations 13

2.6 Step 6: Get the delivery order 14

2.7.Step 7: Prepare a set of customs documents 15

2.8 Step 8: Follow the procedures at Customs Sub-department 17

II Set of documents for Import Procedures 18

1 Required documents for import procedure 18

1.1 Sales contract 18

2.1 Letter of Credit (L/C) 25

2.2 Insurance certificate (IC) 28

2.3 Certificate of Origin 29

2.4 Certificate of Quality 32

2.5 Certificate of Fumigation 32

III Analysis of Import Documents of MEKONG SAUCE PROCESSING CO LTD 33

IV Issues on importing customs clearance 59

1 Period of time for settlement 59

2 Notes on receiving goods: 60

3 Inspection of imported goods: 62

4 Complaints about the process and set of import documents: 63

V Common difficulties and solutions in import clearance process in Vietnam 63

CONCLUSION 65

REFERENCES 66

Figure 1: 8-step Import Customs Procedures 10

Figure 2: Sales contract 34

Figure 3: Sales contract 35

Figure 4: Commercial Invoice 37

Figure 5: Commercial invoice 38

Figure 6: Packing list 40

Figure 7: Bill of Lading 42

Figure 8: Customs Declaration 44

Figure 9: Customs Declaration 45

Figure 10: Customs Declaration 46

Figure 11: Customs Declaration 47

Figure 12: Customs Declaration 48

Figure 13: Customs Declaration 49

Figure 14: Certificate of Origin 50

Figure 15: Certificate of Analysis 52

Figure 16: Certificate of Analysis 53

Figure 17: Certificate of Analysis 54

Figure 18: Certificate of Analysis 55

Figure 19: Arrival Notice 57

Figure 20: Arrival Notice 58

LIST OF ABBRIVIATIONS

ASEAN Association of Southeast Asian Nations

B/L Bill of Lading

CA Certificate of Analysis

CEPT Common Effective Preferential Tariff

CFS Container Freight Station

CIC Container Imbalance Charge

CIF Cost, Insurance and Freight

CIP Carriage and Insurance Paid to

C/O Certificate of Origin

C/Q Certificate of Quantity

DO Delivery Order

EBS Emergency Bunker Surcharge

FOB Free On Board

IC Insurance Certificate

ICC International Chamber of Commerce

ISO International Organization for Standardization

L/C Letter of Credit

UCP Uniform Customs and Practice for Documentary Credits

VAT Value Added Tax

VCCI Vietnam Chamber of Commerce and Industry

BÀI TẬP PHẦN XÁC SUẤT – AAA Class…

Giao dịchTMQT 100% (4)

12

Along with the socio-economic development, import-export and international tradetransactions are being increasingly improved, promoted and massively contribute totrade, external economic development, especially in maintaining the stability of thedomestic market, creating favorable conditions for national economy to develop.Therefore, the role of customs procedures proves to be increasingly crucial.

Chapter I IMPORT CUSTOMS PROCEDURES IN VIETNAM

1 Overview of the procedure

a) The concept of import and export activities

According to Foreign Trade Mangement, import is…

b) Imports of goods include all of the following characteristics:

Goods moving across customs boundaries of countries

Agents of the import activity are traders having trade offices in differentcountries or different customs areas on the same territory

The currency used in transactions is the foreign currency to at least one of theparties

International law sources are reference to at least one of the parties

2 Procedures for import of goods

Figure 1: 8-step Import Customs Procedures

2.1 Step 1: Prepare a set of freight documents

2.2 Step 2: Prepare digital signature to register to the General Department of Customs

2.3 Step 3: Install VNACCS customs declaration software

2.4 Step 4: Sign up for specialized testing (if any)

2.5 Step 5: Declare and transmit customs declarations

2.6 Step 6: Get the delivery order

2.7.Step 7: Prepare a set of customs documents

2.8 Step 8: Follow the procedures at Customs Sub-department

CHAPTER II SET OF DOCUMENTS FOR IMPORT PROCEDURES

1 Required documents for import procedure

Bill of lading has three main roles:

The functions of bill of lading:

Bill of lading includes the following contents:

1.5. Customs Declaration

a) Definition

b) Customs procedures for imported goods

Opening Customs Declaration

Process of declaration circulation

2 Other documents in importing contract

2.1 Letter of Credit (L/C)

a) Definition

c) Letter of Credit and Foreign Trade contract

L/C was

After the L/C has been issued, if the exporter agrees and accepts its contents

d) L/C adjusting law :

UCP 500/600 – Uniform custom and practise for documentary credit

Currently, UCP 600 is most often used (ICC established)

e) Capital sources to ensure L/C payment

When

f) Opening L/C requests:

Customers fill out the L/C opening request form

All the above documents must produce the original and keep the photocopy with theseal of enterprise Particularly for the following documents, the original must be saved:

g) Content of Letter of Credit:

Other content

h) L/C Check

When we receive the letter of credit, we must carefully examine the

2.2 Insurance certificate (IC)

2.3 Certificate of Origin

2.4 Certificate of Quality

2.5 Certificate of Fumigation

CHAPTER III ANALYSIS OF IMPORT DOCUMENTS OF MEKONG SAUCE PROCESSING CO LTD

In order to make it clear about the import procedures and processes as well as the set

of documents required when a Vietnam company imports goods from a foreign one,

our group decide to take MEKONG SAUCE PROCESSING CO LTD and GIVAUDAN SINGAPORE PTE LTD as a typical example in order to interpret the

way these documents are processed and passed among relevant parties and authorities

The good of trading in this example is Fish Sauce Flavour AO-365-993-7.

As our group’s research, the set of documents has 8 items:

Following are the documents and its flow analysis:

Figure 2: Commercial Invoice

Figure 3: Commercial invoice

1 Packing list

Figure 4: Packing list

2 Bill of Lading (B/L)

Figure 5: Bill of Lading

3 Customs Declaration

Figure 6: Customs Declaration

Figure 7: Customs Declaration

Figure 8: Customs Declaration

Figure 9: Customs Declaration

Figure 10: Customs Declaration

Figure 11: Customs Declaration

Figure 13: Certificate of Analysis

Figure 14: Certificate of Analysis

Figure 15: Certificate of Analysis

Figure 16: Certificate of Analysis

6 Arrival notice

Figure 17: Arrival Notice

Figure 18: Arrival Notice

CHAPTER IV ISSUES ON IMPORTING CUSTOMS CLEARANCE

1 Period of time for settlement

2 Notes on receiving goods:

Case 1: For warehousing at the port:

Case 2: For goods not stored in warehouse; storage in case of importing large quantities of goods by train:

Case 3: For importing goods from containers:

Case 4: For retail items:

3.

4 Inspection of imported goods:

5 Complaints about the process and set of import documents:

V Common difficulties and solutions in import clearance process in Vietnam Specific example:

.

1 Baohiemxangdau.net (n.d.) L/C là gì? Ưu nhược điểm của L/C trong XNK?.

[online] Available at: lc-trong-xnk.html [Accessed 20 Sep 2019]

https://baohiemxangdau.net/lc-la-gi-uu-nhuoc-diem-cua-2 Blog Xuất Nhập Khẩu (n.d.) Chứng từ bảo hiểm lô hàng - Blog Xuất Nhập Khẩu [online] Available at: http://blogxuatnhapkhau.com/chung-tu-bao-hiem-

lo-hang/ [Accessed 20 Sep 2019]

3 Commercial Law (2005) Vietnam

4 Container Transportation (n.d.) Giấy chứng nhận xuất xứ hàng hóa - C/O.[online] Available at: https://www.container-transportation.com/giay-chung-nhan-xuat-xu.html [Accessed 20 Sep 2019]

5 Hai Quan Viet Nam (2015) Thủ tục hải quan đối với hàng hóa nhập khẩu.[online] Available at:

6 International Chamber of Commerce (2007) The Uniform Customs and Practice for Documentary Credits (UCP 600).

7 Law on Customs (2014) Vietnam

8 Ministry of Finance (2018) Circular 39/2018/TT-BTC.

9 Viện Logistics Việt Nam (2019) Viện Logistics Việt Nam - Logistics Institute.

[online] Available at: http://logistics-institute.vn/ [Accessed 20 Sep 2019]

Đề cương ôn thi Nói

-Đề cương ôn thi Nói

Intelligent

14

Chunghiaxahoikhoahoc kiểm tra cuối kỳ