108,000 TONS OF IMPORT TARIFF QUOTA FOR SUGAR ARE PUT FOR PILOT AUCTION IN 2021
Guidance on the pilot auction of import tariff quota on sugar in 2021 is provided in the Ministry of Industry and Trade’s Circular No. 03/2021/TT-BCT dated June 11, 2021.
To be specific, the volume of import tariff quota for sugar put for pilot auction in 2021 is 108,000 tons. The principles, order and procedures for property auction must comply with the law on property auction as suitable to the characteristics of property put up for auction. The Ministry of Industry and Trade shall form a Council for pilot auction of import tariff quota on sugar in 2021 to administer the auction.
Besides, the Ministry of Industry and Trade shall issue a written notice on assigning the right to use the import tariff quota on sugar to auction-winning traders after receiving the auction Council’s report on auction results.
This Circular takes effect from July 26, 2021 to December 31, 2021.
