Consult on amendments to regulations on Customs valuation
The meeting. Photo: T.Tr |
Director of Import and Export Duty Department of Vietnam Customs, Luu Manh Tuong said the amendment aims to amend regulations on Customs valuation to be consistent with current provisions and help Customs and enterprises implement these regulations in a transparent, simple and convenient manner. They also aim to meet demand for management and anti-trade fraud.
The Import and Export Duty Department has revised 17 articles in Circular 39/2015/TT-BTC and developed the draft revised Circular with four revised key contents, including: amending some the concepts on competency and tasks of the Customs authority in Customs valuation; revising the Customs valuation method and database, criteria for development and supplementation of the list of import and export goods with risks of value.
Tuong said that in May, the Department will continue to gather comments on this amendment from relevant ministries, sectors and the business community, and the draft Circular will be issued by the Ministry of Finance in June. Thus, at this online meeting, the Department wants to listen to opinion from local customs departments and relevant units to complete the draft Circular to submit to the Ministry of Finance.
Local Customs departments appreciated the revised issues and contents and said the Draft Circular has shown shortcomings and should berevised towards being more transparent and convenient in implementing Customs valuation. Comments also focused on specifying a number of concepts “purchase conditions”, “the same quantity” and “the similar goods’’.
Comments also focused on regulations on Customs valuation method for software; additions and royalties and license fees;Customs valuation method for transaction value method of similar imported goods, goods with special relationship; the Customs valuation for some specialised import and export goods such as destroyed goods and express delivery goods.
Many issues on Customs valuation will be revised in Decree 08 VCN- Issues related to valuation methods; examination of Customs value during the Customs clearance process; or Customs ... |
For the value calculation for express delivery goods, the representative of Ho Chi Minh City Customs Department said the drafting board should consider regulations on calculation of Customs valuation for express delivery goods based on the declaration of express delivery enterprises in payment receipts, because these goods are mainly declared by express delivery enterprises, the value of goods includes insurance fees, thus it isnot based on the value on the receipt to calculate Customs valuation for express delivery goods. The representative said this item should only be prioritised inCustoms procedures, and must comply with the commodity policy like other items.
For regulations on calculation of Customs valuation for imported software, some local customs departments said the draft circular should study regulations on enterprises importing machinery and equipment with software which was imported, software which was imported by other enterprises, software written by domestic enterprises or software upgraded from used software.
At the meeting all comments were received by the drafting board and it will amend and supplement the Draft revised circular 39/2015/TT-BTC.
Related News
Closely monitoring fluctuations to calculate the appropriate time to adjust prices
15:35 | 02/05/2024 Finance
Closely monitoring market fluctuations to consider appropriate time to adjust prices
09:30 | 26/04/2024 Finance
Take advantage of e-commerce leverage for export
13:25 | 20/04/2024 Import-Export
Implementing unprecedented fiscal policies to actively support people and businesses
16:25 | 17/04/2024 Finance
Latest News
Customs joint hand to improve business environment, attracting investment
15:34 | 02/05/2024 Customs
Vietnam Customs participates in supporting SACU to implement the AEO Program
19:35 | 01/05/2024 Customs
Why more than 100 Vietnamese means of transport detained in China?
08:21 | 01/05/2024 Customs
Lang Son Customs has drastically implemented solutions to promote customs clearance
06:49 | 30/04/2024 Customs
More News
Nghi Son port border gate customs: Stimulating demand for import and export through the seaport
06:47 | 30/04/2024 Customs
Binh Duong Customs and Korean businesses solve difficulties and obstacles
15:03 | 28/04/2024 Customs
Ho Chi Minh City Customs reforms and implements digital customs to better support businesses
14:47 | 27/04/2024 Customs
Vietnam Customs attends the 243/244th Session of WCO's Permanent Technical Committee
09:27 | 26/04/2024 Customs
Lang Son: Flexible solutions to accelerate customs clearance of fresh fruit exports
09:19 | 26/04/2024 Customs
Ho Chi Minh City Customs: Creating strong changes from modern management methods
09:43 | 25/04/2024 Customs
Notice for businesses exporting watermelons to China
09:40 | 25/04/2024 Customs
Import-export turnover across Lao Cai International Border Gate surges
15:35 | 24/04/2024 Customs
Ta Lung Customs' revenue flourishes
10:31 | 24/04/2024 Customs
Your care
Customs joint hand to improve business environment, attracting investment
15:34 | 02/05/2024 Customs
Vietnam Customs participates in supporting SACU to implement the AEO Program
19:35 | 01/05/2024 Customs
Why more than 100 Vietnamese means of transport detained in China?
08:21 | 01/05/2024 Customs
Lang Son Customs has drastically implemented solutions to promote customs clearance
06:49 | 30/04/2024 Customs
Nghi Son port border gate customs: Stimulating demand for import and export through the seaport
06:47 | 30/04/2024 Customs