Ministry of Finance deals with stagnant goods

15:46 | 05/03/2014 Finance - Banking

(VEN) - The Ministry of Finance will issue regulations to deal with stagnant goods in customs areas in conjunction with provisions laid out in Circular 15/2014/TT-BTC.

According to the Ministry of Finance’s Department of Public Asset Management, issued documents fully specified procedures and processes to deal with stagnant goods in seaports, airports and bonded warehouses such as Circular 33/2004/TT-BTC on dealing with unclaimed goods and luggage in airports, Circular 179/2011/TT-BTC on handling abandoned goods and lost property in seaports and Circular 195/2010/TT-BTC on dealing with stagnant goods in bonded warehouses.

However, after a period of implementation, according to the Department of Public Asset Management, the legal framework had failed to resolve the issue of stagnant goods in customs areas. In addition, there was no regulation on the management and dealing with stagnant goods by express delivery services.

To overcome the situation, the Ministry of Finance amended some provisions and issued Circular 15/2014/TT-BTC. Information on stagnant goods will be posted on the website of the General Department of Vietnam Customs. Time for the receipt of goods will be 180 days from the date of the first notice.

In terms of stagnant goods in bonded warehouses, new rules inherit contents stipulated in Circular 195/2010/TT-BTC.

To agree with regulations of the Civil Aviation Act 2006, the Ministry of Finance shortened the time for the receipt of stagnant goods in airports to 60 days instead of 90 days from the date of the first notice. The Ministry of Finance has assigned departments of Vietnam Customs to deal with stagnant goods. Handling stagnant goods in seaports will apply the same rules.

Circular 15/2014/TT-BTC also specifies procedures and processes to deal with stagnant goods at companies specializing in supplying postal services. According to a circular, within five days from the date of discovery, companies supplying postal services must inform receivers about goods. The second notice will be sent to receivers in the next 15 days. Time for the receipt of goods will be 90 days from the date of the first notice. Companies supplying postal services are responsible to report to departments of Vietnam Customs on the status of stagnant goods.

To ensure legality in dealing with stagnant goods in customs areas, the Ministry of Finance added regulations defining the establishment of state ownership to stagnant goods in bonded warehouses. The council dealing with stagnant goods will set up a report and document to establish state ownership within five days from the date of inventory and classification. Leaders of departments of Vietnam Customs will give out a decision to establish the state ownership within five days from the date of receipt of report and document./.

By Hai Van

Theo ven.vn