Vietnam: Extending application of priority policies in conducting customs procedures

Kim Linh

17:18, 13/02/2019

This is a new notable content specified in Circular No. 07/2019/TT-BTC of the Ministry of Finance of Vietnam providing amendments to Circular No. 72/2015/TT-BTC on application of priority policies to customs procedures, customs supervision and inspection of imports and exports.

According to Circular No. 07/2019/TT-BTC of the Ministry of Finance of Vietnam, at least 03 months before the deadline for extension of application of priority policies, the General Department of Customs shall make a decision on extension of application of priority policies, which shall be based on the information collected from Departments of Taxation and Customs Departments of province or city where the enterprise’s headquarters is located and of province or city where the enterprise carries out import or export about post-clearance inspection and management (if any).

Circular No. 07/2019/TT-BTC also stipulates that the Director General of the General Department of Customs shall take charge of making decisions on extension of application of priority policies.

View detailed amendments and supplements at Circular No. 07/2019/TT-BTC of the Ministry of Finance of Vietnam, effective from January 28, 2019.

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