Annual customs finalisation report

Under Circular 38/2015/TT-BTC (as amended by Circular 39/2018/TT-BTC), processing enterprises, export-production enterprises and export processing enterprises must periodically prepare a report finalising the use of imported materials and supplies and of exported goods for each financial year, filed no later than the 90th day after the financial year end. The report must reconcile import, export and inventory figures against actual consumption norms and match the customs declarations already registered. Discrepancies between internal accounting data, consumption norms and declarations are the common cause of assessed tax or of being selected for a post-clearance audit.

• Reviewing and reconciling import, export and inventory data between the internal accounting system and customs declarations
• Building and checking the mapping between internal product codes and the codes declared to customs
• Preparing the finalisation report using the prescribed indicators and forms
• Reviewing the actual consumption norms of materials and supplies for each exported product code
• Identifying and handling surplus materials, scrap, defective goods and temporarily imported machinery
• Review ahead of a merger, demerger, dissolution or change of production model
• Support with explaining reported figures where customs requests clarification
• Filing on time to reduce the risk of administrative penalties for customs violations