Legal Counselling

Guidance on appraisal of application for recognition of enterprises prioritized in customs procedures in Vietnam

18:53, 16/02/2019

On January 28, 3019, the Ministry of Finance of Vietnam issued Circular No. 07/2019/TT-BTC providing amendments to Circular No. 72/2015/TT-BTC on application of priority policies to customs procedures, customs supervision and inspection of imports and exports.

According to Circular No. 07/2019/TT-BTC of the Ministry of Finance of Vietnam, the application for recognition of prioritized enterprises shall be appraised as follows:

- The General Department of Customs shall check the adequacy, legality and validity of the application submitted by the enterprise or documents about the key investment project; examine and compare the information provided by the enterprise, the enterprise-related information provided by the tax authorities and the customs authorities in charge of the area where the enterprise's headquarters is located and of the area where the enterprise’s import or export is carried out with eligibility requirements for customs priority policies.

- If the application is insufficient, the General Department of Customs shall request the enterprise in writing to complete the application within 05 business days from the receipt of such application.

- If the enterprise’s application for customs priority policies is unsatisfactory, the General Department of Customs shall provide written reasons thereof for the enterprise.

- If the enterprise’s application for customs priority policies is satisfactory, the General Department of Customs shall carry out a physical inspection of the enterprise.

View details at Circular No. 07/2019/TT-BTC of the Ministry of Finance of Vietnam, effective from January 28, 2019.

- Thanh Lam -

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