The State Bank of Vietnam has issued Circular 15/2021/TT-NHNN amending and supplementing some articles of < a href="https://lawnet.vn/vb/thong-tu-16-2012-tt-nhnn-huong-dan-nghi-dinh-24-2012-nd-cp-king-doanh-vang-221b1. html" class="green-text" target="_blank" >Circular 16/2012/TT-NHNN, which adds regulations on procedures for granting licenses to import raw gold for enterprises have foreign investment capital to produce gold jewelry and fine art according to the national one-stop-shop mechanism.
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Procedures for granting a license to import raw gold for FDI enterprises (Illustration image)
Specifically, Circular 15/2021 of Vietnam supplements regulations for cases where foreign-invested enterprises wishing to import raw gold for the production of gold jewellery and fine art apply for a license under the one-stop-shop mechanism, then send the application to the National Single Window Portal to be granted the License to import raw gold.
Profile includes:
- An application form for a license to import raw gold (made according to the form in Appendix 5 to Circular 16/2012/TT-NHNN of Vietnam);
Application for license to import gold
- Investment certificates;
- Report on the implementation of export, import and consumption of gold products in the Vietnamese market within 12 (twelve) months immediately preceding the reporting time, enclosed with the import and export customs declarations and the deduction slip certified by the Customs (according to the form in Appendix 8 to Circular 16/2021);
Report form- The production and business plan of the enterprise; documents, documents proving the production capacity of the enterprise;
- Gold jewellery and fine art processing contracts with foreign countries.
Procedures for granting a license to import raw gold to foreign-invested enterprises for the production of gold jewellery and fine arts under the national single-window system are carried out as follows:
Step 1: Enterprises wishing to import raw gold for the production of gold jewelry and fine arts shall make and send 01 set of documents to the State Bank of Vietnam according to the above regulations.
* Note on the principle of declaring, sending, receiving, returning results, exchanging and responding to information about the application for a license to import raw gold for foreign-invested enterprises to produce gold pages strength, fine arts:
- Electronic records may use digital signatures submitted on the national single-window portal.
The declaration, sending, receipt, return of results, information exchange and feedback, and use of digital signatures on the national single-window portal and specialized processing system of the State Bank of Vietnam shall comply with the provisions of law. The provisions of Decree 85/2019/ND-CP stipulating the implementation of administrative procedures according to the national single-windoư system, the ASEAN single-window system and specialized inspection of exported and imported goods and other documents amendments, supplements or replacements (if any);
- In case the national single-window system or the specialized processing system of the State Bank of Vietnam has problems or errors, it is impossible to receive, exchange electronic information, declare, send, and continue to receive information and return results, and exchange and respond to information is done via postal service or directly at the Receiving and Returning Department of the State Bank of Vietnam ;
- Documents in electronic dossiers are electronic scans from the original or the original (files in PDF, TIF, JPG format), except for the written request for a license to import raw gold which is declared on the Vietnamese one-stop shop.
Documents submitted in the form of paper dossiers are the originals or copies issued from the original books or certified copies as prescribed by law or copies with the originals presented for comparison.
In case the applicant submits a copy and presents the original for comparison, the collaborator is responsible for certifying the accuracy of the copy against the original.
Step 2: Within 15 working days from the date of receipt of complete and valid dossiers as prescribed above, the State Bank of Vietnam shall consider granting or refusing to grant (specify reason) the gold import license. raw materials for enterprises according to the form in Appendix 15 issued with Circular 16/2012 of Vietnam and sent to enterprises according to regulations.
In case the dossier is incomplete or invalid, the State Bank of Vietnam shall notify the enterprise.
Circular 15/2021/TT-NHNN of Vietnam takes effect from November 20, 2021
Bao Ngoc
