Title: Must Declare Milk Prices if Increased by More Than 5%

This is the noteworthy content of Circular 08/2017/TT-BCT issued by the Ministry of Industry and Trade, stipulating the registration of prices and the declaration of prices for milk and functional foods intended for children under 06 years old.

The enterprise must re-declare the price of milk in cases where the cumulative adjustments notified exceed 5% compared to the most recently declared price.

Business entities shall declare milk prices using one of the following methods:

- Direct submission: 02 copies of the Price Declaration Form at the office of the receiving agency, attached with 01 stamped envelope with personal information;- Submission by official dispatch: 02 copies of the Price Declaration Form to the receiving agency, attached with 01 stamped envelope with personal information;- Submission via email with an electronic signature or attached scanned copies of the Form with signatures and seals, or via fax. Additionally, submit 01 official copy through an official dispatch.

Circular 08/2017/TT-BCT is effective from August 10, 2017.

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