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MEKONG COUNSEL

Circular amending, supplementing a number of articles of regulations on pilot application of priority regime in the state management of customs to eligible businesses

On July 12th, 2011, the Ministry of Finance issued Circular No. 105/2011/TT-BTC amending, supplementing a number of articles of Circular No. 63/2011/TT-BTC dated May 13th, 2011 of the Ministry of Finance regulating pilot application of priority regime in the state management of customs to eligible business. Accordingly, the Ministry of Finance shall reduce the quota for export, import so as businesses shall apply pilot priority regime in customs sector. Specifically, businesses eligible to priority in export, import of all products, all types of export, import (including export, import of goods and services in domestic market) of which the total export, import turnover per year required shall be reduced to $350 million instead of $500 million as before. Besides, business eligible to priority in export of fisheries products, farm produce and crude oil purely originating in Vietnam shall not be required to obtain export turnover per year of $100 million, but $70 million and to satisfy conditions in turnover to join the priority regime.

 

Eligible businesses shall be entitled to priorities at the stage of customs clearance exemption from detailed examination of customs dossiers and exemption from physical inspection of goods; not conduct post-customs clearance inspection at the offices of these businesses; application of e-customs procedures; priority in payment of duties and customs charges once per month; application of the regime of duty refund and liquidation first and inspection later.

 

This Circular shall come into force from July 12th, 2011.