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WorksheetsRe-exportation
Total questions: 25
Worksheet time: 13mins
Re-exportation involves exporting goods in the same _____ as when they were imported.
contract
form
price
value
Which of the following is NOT a feature of re-exportation?
Goods are processed before export
Involves three parties
Goods do not undergo processing
Two separate contracts are signed
In re-exportation, profit is gained by exporting goods without _____ them.
delivering
processing
paying for
labeling
Re-exportation involves _____ parties and two separate contracts.
two
three
four
five
Goods involved in re-exportation often have high _____ and _____ in the market.
tax, value
quality, utility
supply, demand
origin, customs
Goods in re-exportation do not undergo _____ during the process.
customs
transportation
processing
negotiation
Re-exportation is different from _____ of goods.
barter
offset
transit
buyback
Re-exported goods enjoy customs and tax _____.
increases
penalties
preferences
delays
According to Commercial Law 2005, which article defines ‘Temporary import of goods for re-export’?
Article 27
Article 28
Article 29
Article 30
In re-exportation, goods must complete both _____ and _____ customs procedures.
sale, purchase
transport, import
import, export
export, transit
Re-exported goods cannot stay in Vietnam for more than _____ days.
30
45
60
90
How many times can traders request to prolong the re-exportation period?
once
twice
three times
unlimited
What is the maximum extension period per request for re-exportation under law?
20 days
30 days
45 days
60 days
Import tax is collected upon temporary import and _____ when re-exported.
refunded
retained
doubled
transferred
Under Art. 30 of Commercial Law 2005, goods transfer through border-gates means buying goods from one country to sell to _____ country without importing into Vietnam.
the same
another
neighboring
Vietnam
Goods transferred through border-gates without customs procedures are transported _____ from the export to the import country.
secretly
directly
slowly
legally
When goods go through Vietnamese border-gates without import/export procedures, they must undergo _____ control.
monetary
value
customs
origin
Goods in bonded warehouses require customs procedures to bring them _____ and _____.
in, out
up, down
out, in
forward, backward
Which form of transfer is considered ‘open’?
Goods through bonded warehouses
Direct transport without entering VN
Goods under customs control
None of the above
Why do re-exporters want to keep some information ‘secret’?
To reduce cost
To hide the origin or buyer
To get tax refunds
To avoid customs
Can the origin of re-exported goods be changed legally?
Always
Never
Sometimes
Not mentioned
How many contracts are signed in a re-exportation transaction?
One
Two
Three
None
What kind of measures ensure the implementation of re-exportation contracts?
Back-to-back L/C
Deposit
Penalty
All of the above
In re-exportation, what kind of L/C is commonly used to ensure contract performance?
Clean L/C
Red clause L/C
Back-to-back L/C
Revolving L/C
Which of the following is TRUE about the classification of re-exportation in Vietnam law?
Re-exportation requires only export procedures
Transfer through border-gates involves import/export into Vietnam
All forms require bonded warehouses
Temporary import for re-export includes both import and export customs procedures
