Relating to the use of duty-free imports for investment projects, the Customs Department of Ho Chi Minh city notes that enterprises have to carry out according to the following regulations (clause 15 Article 1 of Decree No. 18/2021/ND-CP).
1. With regard to expired duty-free Lists, that are no longer effective for carrying out customs procedures, but the projects continue operating, enterprises have to submit the written notification regarding the completion of importation of the goods on the Lists, commit to using the duty-free goods for right purposes and submit the original copy of the monitoring sheet to Sub-departments of Customs.
2. Every year within 90 days from the end of a fiscal year, the enterprises have to submit the notification of use of duty-free goods in the fiscal year to the Sub-departments of customs until the entire project is shut down or all goods have been exported from Vietnam or when the goods are repurposed and sold domestically, or destroyed.
3. Enterprises that fail to submit the notification of use of duty-free goods within the prescribed time limit shall be sanctioned for administrative violations according to point b clause 3 Article 7 Decree No. 128/2020/ND-CP .