How much is the fine for failure to satisfy the conditions for petrol and oil depots and tanks in Vietnam?
According to the latest regulations, if an organization that is a petrol and oil general agent does not satisfy the conditions for petrol and oil depots and tanks, how much will be fined?
How much is the fine for failure to satisfy the conditions for petrol and oil depots and tanks in Vietnam? (Image from the Internet)
Clause 2, Article 16 of Decree 99/2020/ND-CP (Effective from October 11, 2020) stipulates violations against regulations on trading conditions to be satisfied by petrol and oil general agents as follows:
A fine ranging from VND 30,000,000 to VND 50,000,000 shall be imposed for any of the following violations:
- Failure to satisfy the conditions for petrol and oil transport vehicles as prescribed;
- Failure to satisfy the conditions for petrol and oil depots and tanks as prescribed.
In addition, Article 5 of Decree 99/2020/ND-CP stipulates: The fines prescribed in Chapters II, III and IV hereof are those imposed on organizations. If an administrative violation is committed by an individual, the fine imposed on such individual equals to one half of the fine imposed on an organization.
Thus, in case an organization that is a petrol and oil general agent does not satisfy the conditions for petrol and oil depots and tanks as prescribed, it will be fined from VND 30,000,000 to VND 50,000,000. In addition, the right to use the certificate of eligibility to act as a petrol and oil general agent will be suspended for 01 - 03 months (Clause 4, Article 16 of Decree 99/2020/ND-CP).
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