TO AUCTION 94,000 TONS OF IMPORTED SUGAR IN 2018
On August 21, 2018, the Ministry of Industry and Trade issues the Circular No. 22/2018/TT-BCT on providing guidance on pilot auctions for sugar import quotas in 2018.
This Circular prescribes, the amount of imported sugar to be auctioned according to tariff quotas in 2018 shall be 94,000 tons.
The auction of sugar import quotas in 2018 shall be conducted under the control of the Board of pilot auction which is established by the Ministry of Industry and Trade.
Also in accordance with this Circular, when completing sugar import procedures, in addition to implementing current regulations, tradespersons shall be required to submit the written notification of assignment of the right to use sugar import quota, issued by the Ministry of Industry and Trade to the customs authority where import procedures are implemented in accordance with customs legislation.
This Circular takes effect from August 21, 2018 to December 31, 2018.
