Pilot auction of tariff-rate quota for sugar in 2019

The Minister of Industry and Trade promulgates the Circular no. 16/2019/TT-BCT guiding the pilot auction of tariff-rate quota for sugar in 2019.

Auctioned tariff-rate quota for sugar in 2019

  • The pilot-auctioned tariff-rate quota for sugar (HS code: 1701) in 2019 is 98,700 tonnes.

Auction rules

  • Rules and procedures for property auction shall be carried out according to regulations on auction and characteristics of the auctioned property.
  • The Ministry of Industry and Trade shall establish a council for pilot auction of tariff-rate quota for sugar in 2019 to hold the auction. The head of the auction council shall promulgate the regulations on pilot auction of tariff-rate quota for sugar in 2019.

Notification of grant of the right to use tariff-rate quota

1. After receipt of the report on auction results from the auction council, the Ministry of Industry and Trade shall issue a written notification on grant of the right to use the tariff-rate quota for sugar to the successful bidder(s).

2. The notification on grant of the right to use the tariff-rate quota for sugar to the successful bidder(s) shall be used for customs procedures according to customs regulations.

Effect

This Circular takes effect from November 02, 2019 to December 31, 2019.

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