On April 26, 2018, the Prime Minister of the Government of Vietnam issued Decision 20/2018/QD-TTg regarding the pilot program for auctioning confiscated imported foreign cigarettes that meet quality standards for export.
The export of confiscated smuggled foreign cigarettes that meet quality standards is conducted through auction based on the following principles:
- Auction procedures are carried out in accordance with asset auction law regulations;- Export must be conducted through seaports, waterways, and international airways;- Export via land border gates or to countries sharing land borders is prohibited;- Export procedures after winning the auction are carried out in accordance with customs law regulations;- Funds obtained from the auction will be used for the supervision, management, and prevention of cigarette smuggling and shall be temporarily held in an account at the State Treasury.
For detailed content, see Decision 20/2018/QD-TTg, effective from June 15, 2018 to June 15, 2020.
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