The Ministry of Industry and Trade has just issued Circular No. 04/2024/TT-BCT, amending and supplementing a number of articles of Circular No. 20/2014/TT-BCT. Circular No. 04/2024/TT-BCT takes effect from May 11, 2024. Circular No. 04/2024/TT-BCT amends Article 4, ANNEX I (Rules of Origin) issued together with Circular No. 20/2014/TT-BCT to granting exporters/manufacturers the right to choose the formula for calculating Regional Value Content (RVC) in terms of direct or indirect calculation method for fixed use throughout a financial year and for post-audit verification. Moreover, the Circular amends Clause 1, Article 5, APPENDIX V (Procedures for issuance and inspection of C/O) to legalizing...
THE ISSUANCE OF HARD COPY OF C/O FORM AI FOR EXPORTING GOODS IN ASEAN-INDIA TRADE IN GOODS AGREEMENT (AITIGA)
Following Notice No. 1089/XNK-XXHH of Agency of Foreign Trade (AFT) on the issuance of electronic C/O for 11 C/O forms E, AI, AJ, AANZ, AHK, RCEP, S, VC, VJ, VN-CU and CPTPP which were announced to you in KEN NEWS on 2nd January 2024, AFT issued Notice No. 14/TB-XNK to announce the issuance of C/O form AI under the framework of the ASEAN-India Trade in Goods Agreement (AITIGA) for Vietnam's exported goods as follows: At the request of Indian customs authorities, the C/O issuing organizations continue to issue hard copies of C/O form AI for goods exported to AITIGA’s member countries. After...
ISSUING ELECTRONIC FORMS WITH 11 TYPES OF CERTIFICATE ORIGIN (EFFECTIVE FROM 1ST JANUARY 2024)
Starting from 1st January 2024, the Ministry of Industry and Trade (MOIT) will apply electronic C/O forms for 11 forms such as E, AI, AJ, AANZ, AHK, RCEP, S, VC, VJ, VN-CU and CPTPP. Excepting C/O forms such as EUR.1 (EVFTA), EUR.1-UK (UKVFTA), EAV and some specific cases with forms E, AI granted for exporting to Thailand. Because the C/O will be issued as electronic forms, businesses may not have to submit a hard copy. But in case of necessity, businesses will print the C/O according to the instructions of the MOIT.
THE CUSTOMS SECTOR STRICTLY MANAGES TO ACHIEVE BUDGET TARGET AT THE END OF 2023
From now until the end of the year, the Customs sector will focus resources to facilitate trade, support businesses in import and export, strictly control tax collection and prevent loss of state budget, ... to complete target of state budget of the Customs sector in 2023 through the following specific methods: 1. Focus on promoting administrative procedure reform; focus on resolving difficulties for businesses promptly; create favorable conditions for businesses to develop stably and firmly, attract investment and promote economic growth in order to create a premise for increasing state budget. 2. Along with creating favorable conditions for businesses, customs continues to increase...