Time of Submission of Certificates of Origin for Goods during the Epidemic Period

08:46, 10/07/2024

The Minister of Finance has issued Circular 47/2020/TT-BTC stipulating the timing of submission of certificates of origin and the forms of certificates of origin for imported goods applied during the acute respiratory disease phase caused by the Coronavirus.

Time to submit the C/O, Circular 47/2020/TT-BTC

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Customs declarants are required to submit certificates of origin (C/O) at the time of customs clearance procedures to apply special preferential tax rates as stipulated in Point a, Clause 1, Article 7 of Circular 38/2018/TT-BTC dated April 20, 2018, issued by the Minister of Finance, regarding the determination of origin for exported and imported goods.

In cases where the certificate of origin is not available at the time of customs clearance procedures to apply special preferential tax rates, the customs declarant must declare the late submission of C/O on the import declaration form and be allowed to supplement and submit the certificate of origin within the validity period of the certificate. The customs declarant must declare according to the most-favored-nation (MFN) or general preferential tariff and may submit the supplementary certificate of origin within the validity period to apply the corresponding special preferential tax rate; the customs authority is responsible for refunding the overpaid tax amount.

More details can be found in Circular 47/2020/TT-BTC, effective from January 23, 2020.

Thu Ba

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