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Thursday, June 13, 2024

VCCI proposes skipping checks on origin of goods with C/O

By T.Dao

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HCMC – The Vietnam Chamber of Commerce and Industry (VCCI) proposed that customs agencies skip checks on the origin of goods with Certificates of Origin (C/O) to ward off management overlap.

The draft circular on the origin determination of imported and exported goods by the Ministry of Finance states that imported and exported goods, including those with a C/O and without a C/O, will have their origin verified before entering or exiting the country.

Enterprises must provide documents of origin for their goods within 10 days of receiving the agency’s request. Otherwise, the local customs department where the customs declaration is registered will ask the provincial customs department to conduct origin verification at the export goods production facility.

It might lead to overlap in origin verification and different results when goods with a C/O are inspected and checked many times by both the customs authority and the C/O issuing agency, VCCI explained.

Therefore, VCCI proposed that customs departments should use the results of the origin checks on exported and imported goods from the C/O issuing agencies.

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