Vietnam: How shall imported alcohol stamps be issued from May 07, 2020?

According to Clause 2 Article 5 of Circular No. 15/2020/TT-BTC of the Ministry of Finance of Vietnam, imported alcohol stamps shall only be sold to holders of effective licenses for sale of alcohol. Issuance of imported alcohol stamps is as follows:

- The General Department of Vietnam Customs shall provide stamps for Departments of Customs in requested amounts on an annual basis.

- Based on the amount of imported alcohol declared, the customs authority with which the import procedures are registered shall sell stamps to the importer and specify the quantity of stamps actually sold and serial numbers thereof in the customs declaration for imported alcohol.

- The customs official in charge of selling stamps and supervising affixing thereof shall settle the payment for the purchased stamps with the importer within 02 working days from the date customs clearance is completed.

- When selling imported alcohol stamps, customs authorities must keep written records of opening stock, amounts of stamps received, sold, lost and damaged within the accounting period and closing stock, and submit quarterly, semiannual and annual reports on use of stamps to supervisory customs authorities according to regulations.

Besides, Circular No. 15/2020/TT-BTC stipulates the notification of stamp issuance as follows:

- The General Department of Vietnam Customs shall notify issuance of imported alcohol stamps to Customs Departments before providing these stamps for Customs Departments. If there is any change to the size, contents or design of a current stamp specimen, the General Department of Vietnam Customs must issue a new notification of stamp issuance.

- The notification must include the design, contents, size and characteristics of each stamp specimen.

- Every notification of imported alcohol stamp issuance must be posted on the website of the General Department of Vietnam Customs for 15 working days starting from the date on which the notification is issued.

View details at Circular No. 15/2020/TT-BTC of the Ministry of Finance of Vietnam, effective from May 07, 2020.

Le Hai

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