Procedures to reduce guarantee for multiple journeys through the ACTS . System

Direct.

Article 27 Decree No. 46/2020/ND-CP dated April 9, 2020 of the Government Regulating customs procedures, customs inspection and supervision for goods in transit through the ASEAN Customs Transit System to implement Protocol 7 on the Customs Transit System.

Step 1: The customs declarant requests a reduction in guarantee, compares it with the provisions in Clauses 1 and 2, Article 27 of Decree No. 46/2020/ND-CP dated April 9, 2020, and submits a written request. Reduce the guarantee according to the form issued by the Ministry of Finance and send it to the customs authority where the first customs transit declaration using guarantee is registered through the ACTS System.

Step 2: Within 05 working days from the date of receiving the written request for reduced guarantee, the customs authority checks and compares the provisions in Clause 1 and Clause 2, Article 24 of Decree No. 46/2020/ ND-CP and notify the customs declarant of whether or not the guarantee is reduced according to the form issued by the Ministry of Finance.

In case you are eligible for a reduced guarantee, the customs authority will update information through the ACTS System so that the customs declarant can declare the GRN number on the customs transit declaration.

Step 3: The ACTS system automatically issues a guarantee reduction reference number for the customs declarant to declare on the customs transit declaration.

Written request for reduction of guarantee according to Form No. 08/TBMBL, Appendix VI issued with Circular No. 42/2020/TT-BTC dated May 22, 2020 of the Ministry of Finance: 01 original copy;