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...
