Vietnam: Import and export of goods without quota, import and export license shall be fined up to VND 70 million

14:10, 29/08/2020

Recently, the Government of Vietnam has issued the Decree No. 98/2020/NĐ-CP prescribing penalties for administrative violations against regulations on commerce, production and trade in counterfeit and prohibited goods, and protection of consumer rights.

Xuất nhập khẩu hàng hóa không có hạn ngạch, giấy phép XNK, Nghị định 98/2020/NĐ-CP

According to the Decree No. 98/2020/NĐ-CP of Vietnam’s Government, the following fines shall be imposed for failing to obtain quota, export license or import license when exporting or importing goods which require quotas, export license or import license:

- A fine ranging from VND 5.000.000 to VND 10.000.000 shall be imposed for the violation involving goods worth less than VND 20.000.000;

- A fine ranging from VND 10.000.000 to VND 20.000.000 shall be imposed for the violation involving goods worth from VND 20.000.000 to under VND 50.000.000;

- A fine ranging from VND 20.000.000 to VND 30.000.000 shall be imposed for the violation involving goods worth from VND 50.000.000 to under VND 70.000.000;

- A fine ranging from VND 30.000.000 to VND 50.000.000 shall be imposed for the violation involving goods worth from VND 70.000.000 to under VND 100.000.000;

- A fine ranging from VND 50.000.000 to VND 70.000.000 shall be imposed for the violation involving goods worth VND 100.000.000 or more, if not liable to criminal prosecution.

View more details at the Decree No. 98/2020/NĐ-CP of Vietnam’s Government, effective from October 15, 2020.

Ty Na

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

69 lượt xem

- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn