Headlines 03/02/2021 08:56 SA

Timeframe for submission of proofs of origin under EVFTA is now announced

Hồng Lĩnh

This is the highlight of the Circular No. 07/2021/TT-BTC regulating the timeframe for submission of proofs of origin for imports under EVFTA.

According to this document, the time of submission is specified as follows:

- Customs declarants must submit proofs of origin at the time of implementation of customs procedures under the provisions of point a of clause 1 of Article 7 in the Circular No. 38/2018/TT-BTC dated April 20, 2018.

- If the proof of origin is not available at the time of implementation of customs procedures, in order to be entitled to special preferential import tariffs:

The customs declarant must enter “late submission” in the import declaration and may submit it later within its validity duration but not more than 2 years from the day on which the import declaration is registered.

- The General Department of Customs is accorded authority to decide the application of the special preferential tariff if the customs declarant submits the proof of origin after the above effective time due to force majeure or other legitimate reasons beyond the control of the importer’s control or in other late submission cases.

In the other cases of late submission, goods must be imported within the validity period of the proof of origin.

Circular No. 07/2021/TT-BTC is entering into force as of March 11, 2021.

>> CLICK HERE TO READ THE ARTICLE IN VIETNAMESE

1.683

More headlines

Most Viewed

Address: 17 Nguyen Gia Thieu street, Ward Vo Thi Sau, District 3, Ho Chi Minh City, Vietnam.
Phone: (+84)28 3930 3279 (06 lines)
Email: inf[email protected]

Copyright© 2019 by THƯ VIỆN PHÁP LUẬT
Editorial Director: Mr. Bui Tuong Vu

DMCA.com Protection Status