What is the fine for violating regulations on petroleum import and export in Vietnam?

What is the fine for violating regulations on petroleum import and export in Vietnam? (Internet image) 

Article 27 of Decree 99/2020/ND-CP stipulates penalties for violations against regulations on production, export, import and transit of petrol and oil and raw materials used for producing petrol and oil, and temporary import and processing thereof for export in Vietnam as follows:

A fine ranging from VND 80,000,000 to VND 100,000,000 shall be imposed on a petrol and oil producer that exports petrol and oil which such producer does not produce or process for export.

2. A fine ranging from VND 100,000,000 to VND 120,000,000 shall be imposed for temporarily importing or transitting petrol and oil and raw materials used for producing petrol and oil without the petrol and oil import or export license as prescribed or after the suspension or revocation of such license.

3. A fine ranging from VND 120,000,000 to VND 140,000,000 shall be imposed for any of the following violations:

- Failure to import adequate quantities and/or categories of petrol and oil as annually assigned by competent authorities;

- Failure to import petrol and oil in accordance with the quarterly schedule or the schedule set out in the document on specific import schedules issued by the competent authority.

Note: For petrol and oil producer that exports petrol and oil which such producer does not produce or process for export, the exhibit used for committing the violation shall be confiscated.

In addition, the violator who commits acts of temporarily importing or transitting petrol and oil and raw materials used for producing petrol and oil without the petrol and oil import or export license as prescribed or after the suspension or revocation of such license is compelled to remove petrol and oil or raw materials used for producing petrol and oil from the territory of the Socialist Republic of Vietnam or re-export them; return the illegal profits obtained from the violations.

More details can be found in Decree 99/2020/ND-CP, which comes into force from October 11, 2020.

Le Vy

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