Procedures for temporary export and re-import of goods
Step 1: Determine needs and prepare documents
First of all, you must clearly determine your export needs to choose the right type and prepare appropriate documents for those types. Basic needs of this type include:
+ Goods brought abroad for repair
+ Goods brought abroad for warranty purposes
+ Goods are exhibited but will have to be re-imported
+ Goods leased to foreign partners for a limited period of time
+ Goods are sent abroad for inspection, testing, and sampling for analysis
Step 2: Book a cruise line or airline to ensure the schedule
Step 3: Prepare temporary export-re-import documents
+ Repair, warranty, rental contracts, etc.
+ Commercial Invoice with goods value depending on specific cases.
+ Packing list
+ Official letter requesting temporary export and re-import
+ Export declaration with detailed information about the goods (serial number, model, manufacturer, origin on the document matches the goods)
Step 4: Complete customs procedures and ship goods
Step 5: Track goods
Step 6: Extend temporary export (if necessary)
Make sure the temporary export period is always valid. If you see that the effective date is approaching but the goods have not been repaired, or the rental period has been extended,... then you must extend the temporary export declaration.
After submitting the application for extension to the customs department, the temporary export declaration will be opened and it will be confirmed on the declaration how long the extension will last.
Step 7: Re-import goods
When the goods are finished and need to be re-imported, some points should be noted as follows:
+ Accurately identify goods sent
+ The value of the goods will not be taxed. Whatever the value of the goods is declared when exporting, the same must be declared when returning.
+ Tax will be calculated in the repair value, rental value, and warranty costs that arise will also include tax in that cost. And the tax rate will be calculated according to the export tax on those goods.
+ Goods will not be subject to VAT
After fully determining the factors, contact the forwarder who temporarily imports goods abroad and notify them to complete re-export procedures. Proceed to book shipping lines and airlines when the shipment is ready for re-export.
Step 8: Prepare re-import documents and complete re-import procedures
+ Import declaration. There must be a repair value to serve as a basis for tax calculation.
+ Re-importation dispatch
+ Invoice
+ Packing list
Above are some shares about temporary export and re-import procedures. If you have questions that need answering or need to transport import and export goods, please contact Macsco Logistics immediately with a team of many years of experience for the fastest and most accurate support.
For further information and questions, please contact:
MACSCO LOGISTICS LIMITED
Address: 64 Nguyen Dinh Chieu, Da Kao Ward, District 1, Ho Chi Minh City, Vietnam
Phone: (84 28) 6270 6576
Email: anna@macsclogistics.com
Website: https://macscologistics.com
