Necessary to tighten management of customs valuation

Necessary to tighten management of customs valuation

VCN – That was the directive of leaders of the General Department of Vietnam Customs at the conference about dissemination of circular 60/2019/TT-BTC on customs valuation of import-export goods (called Circular 60) held by the General Department of Vietnam Customs in coordination with the USAID Trade Facilitation Program at Hanoi.
necessary to tighten management of customs valuation
Deputy Director General Nguyen Duong Thai made a speech at the conference. Photo: H.Nụ

Attending the conference were Deputy Director General of Vietnam Customs Nguyen Duong Thai; Mr. Alistair Gall, Senior Trade Facilitation Expert of USAID's Trade Facilitation Program; representatives of units under the General Department and leaders, customs officials from 17 provincial Customs Departments.

Speaking at the conference, Deputy Director General Nguyen Duong Thai said that on August 30, 2019, the Minister of Finance signed Circular 60 amending and supplementing a number of articles of Circular 39/2015/TT-BTC, regulating customs valuation of import and export goods and taking effect from October 15, 2019. In the process of drafting, the General Department of Vietnam Customs has organized many workshops to collect opinions from units inside and outside the sector, associations and businesses.

According to Mr. Thai, Circular 60 focused on three groups of issues: group on general provisions (Clauses 1 and 2, Article 1); group of principles and methods of customs valuation determination (Clause 3 to Clause 9 of Article 1) and group of databases of valuation (Clauses 10 to 13 of Article 1).

He also added that through monitoring the implementation of inspection, consultation and valuation in recent years, the General Department of Vietnam Customs realized that there were some issues when implementing the Circular.

Accordingly, in term of the determination of suspected valuation, the audit results in 2018 and currently being deployed showed that many cases of goods were subjected to inspection and price consultation without the identification of suspicious signs. There were even cases which declared a low price (lower than the main constituent materials and transportation costs), and still were not identified as suspicious. Therefore, Mr. Thai requested the provincial Customs Departments to review the reality at the branches in order to organize the implementation properly.

Regarding the valuation consultation, there were two trends that were rejecting the declared value without, basis leading to complaints by enterprises; or accepting the low declared value while having all factors to reject the declared value such as conflicting dossiers and information provided and directed by the General Department of Vietnam Customs. The consultation is conducted formally and ineffectively. Particularly, there were cases in which enterprises came to consult but the authority did not do consultations for enterprises, then rejected and set prices on the given reason that enterprises did not come to consult. Therefore, Deputy General Director Nguyen Duong Thai emphasized that provincial customs departments needed to consider and solve this issue immediately.

Regarding the valuation determination, there were situations of determining valuation, fixing prices too high, without sufficient grounds, causing complaints from enterprises.

Mr. Thai requested the local customs units to consider and clearly identify the responsibilities of all levels (branches, departments) in collecting information from sources as prescribed or applied the incorrect customs valuation method.

In order to ensure the implementation, avoid arising problems and overcome the above situation, the provincial Customs Departments should organize training and grasp thoroughly the provisions of Circular 39/2015/TT-BTC, Circular 60, Circular 39/2018/TT-BTC and guiding documents of the General Department of Vietnam Customs, Mr. Thai emphasized.

Additionally, Mr. Alistair Gall said Circular 39/2015/TT-BTC on customs valuation was issued by the Ministry of Finance in 2015. After four years of implementation at the customs units, there were some problems which must be reviewed and revised. Therefore, the General Department of Vietnam Customs has coordinated with USAID's Trade Facilitation Program to review, develop the draft and consult the stakeholders. Through consultation, the General Department of Vietnam Customs has completed and by the end of August, the Ministry of Finance issued Circular 60 amending and supplementing a number of articles of Circular 39/2015/TT-BTC on customs valuation of import and export goods.

The conference affirmed the coordination between the General Department of Vietnam Customs and USAID's Trade Facilitation Program and reflected USAID's commitment to Vietnam in facilitation, Mr. Alistair Gall stressed.

By Đảo Lê/Thanh Thuy

Related News

Vietnam Customs overhauls customs valuation management

Vietnam Customs overhauls customs valuation management

VCN - The General Department of Vietnam Customs has recently issued a decision to promulgate an action plan for the implementation of the Customs Valuation Management Reform Project up to 2030 (hereinafter referred to as the Project), which has been approved under Decision No. 167/QĐ-TCHQ dated February 10, 2023, by the Director General of Vietnam Customs.
Tackling revenue challenges: Dong Nai Customs Department’s strategic plan for 2025

Tackling revenue challenges: Dong Nai Customs Department’s strategic plan for 2025

VCN - Facing mounting challenges in revenue collection, the Dong Nai Customs Department is stepping up efforts to secure its 2025 state budget targets through proactive measures and digital transformation.
Customs Modernization: From VNACCS to Digital Customs. Part 1: The "Revolution" of VNACCS

Customs Modernization: From VNACCS to Digital Customs. Part 1: The "Revolution" of VNACCS

VCN - The modernization of customs has been a continuous focus for the Customs sector, aimed at facilitating trade and enhancing the efficiency of state management. Central to this effort has been the VNACCS/VCIS System, which has provided numerous benefits to the business community and significantly boosted Vietnam's import-export turnover.
Minister of Finance Nguyen Van Thang: Facilitating trade, ensuring national security, and preventing budget losses

Minister of Finance Nguyen Van Thang: Facilitating trade, ensuring national security, and preventing budget losses

VCN - Vietnam's total import-export turnover for 2024 is estimated to reach US$782.33 billion, a remarkable achievement driven by the proactive and dedicated efforts of officials and staff at the General Department of Vietnam Customs.
Comment

Latest News

Vietnam Customs kicks off campaign for innovation, breakthrough, and growth

Vietnam Customs kicks off campaign for innovation, breakthrough, and growth

VCN - To concentrate on leadership, guidance, and vigorous implementation of goals, targets, and tasks towards the objectives of Digital Customs and Green Customs by 2025, the General Department of Vietnam Customs has launched a competition campaign with the theme: "Innovation - Breakthrough – Development”
Researching and proposing amendments to 2014 Customs Law to meet the requirements of innovation

Researching and proposing amendments to 2014 Customs Law to meet the requirements of innovation

VCN - After 10 years of implementation, the Customs Law has been effective in reforming administrative procedures and protecting national sovereignty. However, in the context of innovation requirements, it is necessary to continue reforming specialized inspections and focusing on digital transformation.
Hai Phong Customs implements solutions to facilitate trade

Hai Phong Customs implements solutions to facilitate trade

VCN - In 2024, trade turnover of Hai Phong Customs Department saw a sharp increase compared to 2023 to more than US$132 billion.
Quang Ninh Customs strives to collect over VND17,800 billion in revenue in 2025

Quang Ninh Customs strives to collect over VND17,800 billion in revenue in 2025

VCN - In 2025, Quang Ninh Customs will implement effective solutions to prevent revenue loss through import-export management, ensuring accomplishment of the revenue collection goal under the assigned target (over VND17,800 billion).

More News

GDVC answers questions for VBF enterprises

GDVC answers questions for VBF enterprises

VCN - The General Department of Vietnam Customs (GDVC) and the Vietnam Business Forum (VBF) jointly held a regular meeting to answer questions about customs procedures, tax policies, etc. for VBF member enterprises on January 10, 2025.
6 outstanding events of Vietnam Customs in 2024

6 outstanding events of Vietnam Customs in 2024

VCN - The General Department of Customs has just announced outstanding events in 2024, such as: successfully organizing the 33rd Meeting of the ASEAN Customs Directors-General; successfully completing the budget collection task; trade facilitation with a record trade turnover of over US$786 billion.
Da Nang Customs Department supports enterprises in developing Customs-Business partnership

Da Nang Customs Department supports enterprises in developing Customs-Business partnership

VCN – At the Conference on developing Customs-Business Partnership 2024 held by Da Nang Customs Department, Permanent Vice Chairman of the Da Nang People's Committee Ho Ky Minh highly appreciated the development of Customs-Business Partnership over the past time, bringing many practical benefits not only to businesses but also creating favorable conditions for Da Nang's goods to quickly access the international market, promoting the city's economic development.
Lang Son Customs finds it difficult to collect and handle tax arrears

Lang Son Customs finds it difficult to collect and handle tax arrears

VCN - As of December 16, 2024, the total overdue debt for processed customs declarations at Lang Son Customs Department was more than VND180.7 billion, of which the unit conducted a charge-off debt of VND 93.9 billion. Although Lang Son Customs Department applied many measures, collection and handling of tax arrears is still a problem.
Customs reduces VAT under Resolution No. 174/2024/QH15

Customs reduces VAT under Resolution No. 174/2024/QH15

VCN- The General Department of Vietnam Customs (GDVC) has sent an urgent dispatch to provincial and municipal customs departments to implement VAT reduction under Resolution No. 174/2024/QH15.
HCMC Customs: Outstanding performance across all operations

HCMC Customs: Outstanding performance across all operations

VCN - On January 2, 2025, the Ho Chi Minh City (HCMC) Customs Department held its annual review conference to assess 2024 achievements and outline tasks for 2025. The event was attended by Vice Chairman of HCMC People's Committee Nguyen Van Dung and Deputy Director General of Vietnam Customs Dinh Ngoc Thang, who delivered keynote speeches.
Director General Nguyen Van Tho: streamlining apparatus to meet the requirements of customs modernization

Director General Nguyen Van Tho: streamlining apparatus to meet the requirements of customs modernization

VCN - Director General of the General Department of Customs Nguyen Van Tho said that the customs sector will focus on arranging and streamlining the apparatus, ensuring that the new apparatus can be put into operation immediately, without interruptions.
Cao Bang Customs Department collects over VND 940 Billion, achieving a 22% increase

Cao Bang Customs Department collects over VND 940 Billion, achieving a 22% increase

VCN - In 2024, the Cao Bang Customs Department achieved remarkable budget revenue growth, significantly surpassing its targets.
Ba Ria - Vung Tau Customs: A strategic partner in business success

Ba Ria - Vung Tau Customs: A strategic partner in business success

VCN - Businesses have highly appreciated the administrative reforms and support provided by the Ba Ria - Vung Tau (BR-VT) Customs Department, recognizing these efforts as a critical factor in fostering growth amid ongoing challenges.
Read More

Your care

The system has not recorded your reading habits.

Please Login/Register so that the system can provide articles according to your reading needs.

Latest Most read
Vietnam Customs kicks off campaign for innovation, breakthrough, and growth

Vietnam Customs kicks off campaign for innovation, breakthrough, and growth

General Department of Vietnam Customs has launched a competition campaign with the theme: "Innovation - Breakthrough – Development”
Researching and proposing amendments to 2014 Customs Law to meet the requirements of innovation

Researching and proposing amendments to 2014 Customs Law to meet the requirements of innovation

VCN - After 10 years of implementation, the Customs Law has been effective in reforming administrative procedures and protecting national sovereignty. However, in the context of innovation requirements, it is necessary to continue reforming specialized in
Hai Phong Customs implements solutions to facilitate trade

Hai Phong Customs implements solutions to facilitate trade

VCN - In 2024, trade turnover of Hai Phong Customs Department saw a sharp increase compared to 2023 to more than US$132 billion.
Quang Ninh Customs strives to collect over VND17,800 billion in revenue in 2025

Quang Ninh Customs strives to collect over VND17,800 billion in revenue in 2025

VCN - Quang Ninh Customs Department has launched an emulation movement on the occasion of the beginning of 2025 to strive to excellently complete political tasks and successfully organize Party congresses at all levels.
Vietnam Customs overhauls customs valuation management

Vietnam Customs overhauls customs valuation management

he General Department of Vietnam Customs has recently issued a decision to promulgate an action plan for the implementation of the Customs Valuation Management Reform Project up to 2030
Mobile Version