RETURNED EXPORT GOODS – VIETNAMESE ENTERPRISES’ LOSS

In current economy, exporting  goods brings Vietnamese enterprises not only chances but also risks. For instance, risk of transporting preservation, risk of international payment, etc. The most damaging risk is that goods is arrived port of discharge still requested  returning due to several reasons.

Enterprises’ mistakes

Several agricultural exporters and fisheries exporters have faced problem that shipments exported to US and EU are returned or destroyed. Some enterprises got the fire up to USD 50,000 along with warn of banning if repeat.

One of the main reasons lead to above situation is export enterprises don’t have information as well as regulation of import countries. In US and some other markets, few Vietnamese agricultural and fisheries products are allowed importing. However, several Vietnamese enterprises didn’t notice these information before goods departs. Consequently, buyer can’t clear customs when the goods arrive port of discharge.

In addition, several agricultural and fisheries products which are detected having over concentration of pesticide or antibiotics are requested returning or destroying. Concentration of pesticide and antibiotics regulation is different from import countries. Therefore, exporters should notice carefully before exporting.

Other kinds of export commodities such as electronic devices,merchandise, furniture, etc have regulated techical standards; if exporters fail to meet those standards, importers have rights to refuse shipments.

Uncontrolable reasons

Besides reason of unsatistying the standards of quality or import requirements, that buyers are unable to pay or simply buyers no longer want the shipmets (due to customs procedure, or no permit for importing,etc)also lead to return export goods.

Procedure for returned export goods

When buyers are unable to clear customs and refuse the shipments, Vietnamese enterprises’ will have to proceed to return those shipments back. However, the shipments arrives original port also need to follow the requirement of Customs and Tax Department.

Returning export goods is unavoidable risk in international trading. Beside harming to reputation, returning export goods also envolves several fee charges that cause big loss for exporters. Therefore, returning export goods process should be performed hurriedly and be aligned with regulation to avoid unexpected fee.

Further informations, please contact Mr.Hoa – 077 919 7727