THE SUGAR IMPORT TARIFF QUOTA FOR AUCTION IN 2020 IS 103,000 TONS
The Circular No. 26/2020/TT-BCT on providing guidance on the pilot auction of import tariff quota for sugar in 2020 is issued on September 29, 2020 by the Ministry of Industry.
Specifically, the volume of import tariff quota for sugar put for auction in 2020 is 103,000 tons. Within that, the import tariff quota for coarse sugar is 72,000 tons; the import tariff quota for refined sugar is 31,000 tons.
The volume of sugar import tariff quota for auction in 2020 is applied to traders that directly use sugar as a production material and traders that use coarse sugar for making refined sugar; organizations and individuals involved in the import of sugar under the 2020 tariff quota.
After receiving the auction Council’s report on auction results, the Ministry of Industry and Trade shall issue a written notice assigning the right to use tariff quota for the import of sugar to auction-winning traders.
This Circular takes effect from November 13, 2020 to the end of December 31, 2022.
