Headlines 19/06/2020 16:01 CH

Amending regulations on requirements for recognition of bonded warehouses

Quý Tân

Government promulgates the Decree No. 67/2020/ND-CP amending the Decree No. 68/2016/ND-CP regarding requirements for business of duty-free goods, storage facilities, locations for completion of customs clearance procedures, commodity gathering, customs inspection and supervision.

According to this document, regulations on requirements for recognition of bonded warehouses Amending regulations on requirements for recognition of bonded warehouses which are laid down in Article 10 of the 2016 Decree No. 68 will be amended and supplemented.

For instance, requirements concerning the size of a bonded warehouse are amended as follows:

- Each bonded warehouse located within the boundaries of a seaport, inland waterway port, inland clearance depot, international airport terminal or international railway station must have a storage facility covering the minimum area of 1,000 m2;

- Each special-use bonded warehouse must have a storage facility which covers the minimum area of 1,000 m2 and has the minimum volume capacity of 1,000 m3;

- Each bonded warehouse located within the boundaries of an industrial zone must occupy a land plot covering the minimum area of 4,000 m2 (including freight storage warehouses, yards and other supporting structures), especially the storage facility that covers a minimum area of 1,000 m2;

- Any bonded warehouse other than those mentioned above must occupy a land plot covering a minimum area of 5,000 m2 (including freight storage warehouses, yards and other supporting structures), especially the storage facility that covers a minimum area of 1,000 m2;

A bonded yard must cover a minimum area of 10,000 m2 while none of requirements will be imposed on its storage facility.

Decree No. 67/2020/ND-CP is entering into force on August 10, 2020.

>> CLICK HERE TO READ THE ARTICLE IN VIETNAMESE

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