The Ministry of Finance has just issued Circular 07/2021 / TT-BTC regulating the time of submission of proof of origin of imported goods in the Free Trade Agreement between the Socialist Republic of Vietnam and the European Union (EVFTA ).
The key contents are:
a) The customs declarant submits proof of origin of the imported goods at the time of carrying out customs procedures as prescribed in Point a Clause 1 Article 7 of Circular No. 38/2018 / TT-BTC dated April 20. 2018 of the Minister of Finance regulates the determination of origin of exported and imported goods.
b) If proof of origin of imported goods is not available at the time of customs procedure to apply special preferential import tax rates as prescribed in EVFTA, the customs declarant must declare post-submission of Certificate of origin on import customs declarations and may make additional declarations and submission of proof of origin within no more than 2 years from the date of registration of import customs declarations and in effective period of proof of origin of goods.
c) Where the customs declarant submits proof of origin after the effective period specified at Point b above due to force majeure or other valid reasons beyond the importer’s control or In other cases of late presentation, the Ministry of Finance (the General Department of Customs) shall consider and decide on the application of special preferential import tax rates under the EVFTA Agreement for specific cases. For other late presentation, the goods must be imported within the validity period of the proof of origin.
The inspection and determination of the origin of goods to apply special preferential import tax rates under the EVFTA Agreement shall comply with the Ministry’s Circular No. 38/2018 / TT-BTC dated April 20, 2018. The Minister of Finance regulates the determination of origin of exported and imported goods, Circular No. 62/2020 / TT-BTC dated September 5, 2020 of the Minister of Finance amending and supplementing a number of articles. Circular No. 38/2018 / TT-BTC and related guiding documents.
This Circular takes effect from March 11, 2021.