Circular No. 05/2024/TT-BCT stipulates the suspension of temporary importation and re-exportation of Monazite ore and concentrate.

Circular No. 05/2024/TT-BCT stipulates the suspension of temporary importation and re-exportation of Monazite ore and concentrate from May 13, 2024 to December 31, 2027. This document applies to traders and related parties involved in this activity.

Document No.05/2024/TT-BCT
Document typeCircular
Issuing authorityMinistry of Industry and Trade
Signed byNguyễn Sinh Nhật Tân — Thứ trưởng
Updated12/06/2026
FieldUncategorized
Issued date29/03/2024
Effective date13/05/2024
Expiry date31/12/2027
StatusIn effect
✦ Smart summary

Circular No. 05/2024/TT-BCT stipulates the suspension of temporary importation and re-exportation of Monazite ore and concentrate from May 13, 2024 to December 31, 2027. This document applies to traders and related parties involved in this activity.

Scope of application

["Traders participating in temporary importation and re-exportation of Monazite ore and concentrate","Organizations, entities, and individuals related to the temporary importation and re-exportation of Monazite ore and concentrate"]

Key points

  • "Traders" shall not engage in temporary importation and re-exportation of Monazite ore and concentrate from May 13, 2024 to December 31, 2027 (Article 3).
  • This Circular applies to activities related to the temporary importation and re-exportation of Monazite ore and concentrate under subheading 26.12, code 2612.20.00 (Article 3).
  • Organizations, entities, and individuals related must comply with the provisions on the suspension of business during the period from May 13, 2024 to December 31, 2027 (Article 2).
  • This Circular takes effect from May 13, 2024 and expires on December 31, 2027 (Article 4).
  • During implementation, any issues should be reported in writing to the Ministry of Industry and Trade for resolution (Article 5).

🌐 Social impact of this document

  • "Traders" and related parties will be affected due to the inability to engage in temporary importation and re-exportation of Monazite ore and concentrate during the specified period.
  • This suspension aims to enhance the management of foreign trade for the aforementioned goods.

❓ Frequently asked questions

Can traders engage in temporary importation and re-exportation of Monazite ore and concentrate?

No. Traders are not allowed to conduct such activities from May 13, 2024 to December 31, 2027.

Which goods are affected by this Circular?

This Circular applies to Monazite ore and concentrate under subheading 26.12, code 2612.20.00.

What is the duration of effectiveness of this Circular?

This Circular is effective from May 13, 2024 until December 31, 2027.

Full text

MINISTRY OF INDUSTRY AND TRADE

SOCIALIST REPUBLIC OF VIET NAM
Independence – Freedom – Happiness

Number: 05/2024/TT-BCT
Hanoi, on March 29, 2024

CIRCULAR

Regulations on Suspension of Temporary Import for Re-export of Monazite Ores and Concentrates

goods of monazite ore and concentrates

___________________

Pursuant to the Law on Foreign Trade Management dated June 12, 2017;

Pursuant to Decree No. 96/2022/NĐ-CP dated November 29, 2022 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Industry and Trade;

Pursuant to Decree No. 69/2018/NĐ-CP dated May 15, 2018 of the Government detailing certain provisions of the Law on Foreign Trade Management;

At the proposal of the Director of the Department of Import-Export;

The Minister of Industry and Trade issues this Circular regulating the suspension of temporary import for re-export of Monazite ores and concentrates.

Article 1. Scope of Regulation

This Circular regulates the suspension of temporary import for re-export of Monazite ores and concentrates.

Article 2. Applicability

1. Business entities participating in the temporary import for re-export business of Monazite ores and concentrates.

2. Agencies, organizations, and individuals related to the temporary import for re-export business of Monazite ores and concentrates.

Article 3. Suspension of Temporary Import for Re-export of Monazite Ores and Concentrates

Suspension of temporary import for re-export of Monazite ores and concentrates (HS Code 2612.20.00, Chapter 26, Subheading 26.12).

Article 4. Effective date

This Circular takes effect from May 13, 2024 to December 31, 2027.

State-owned enterprises that have been assigned by the Ministry of Agriculture and Rural Development to conduct offshore wind power project surveys before the effective date of this Circular shall continue to implement according to the assigned documents; any new matters arising after the effective date of this Circular shall be implemented in accordance with the provisions of this Circular.

During the implementation of this Circular, if any difficulties arise, business entities, agencies, organizations, and individuals concerned shall reflect them in writing to the Ministry of Industry and Trade for resolution./.

DEPUTY MINISTER

DEPUTY MINISTER

(signed)


Nguyen Sinh Nhat Tan

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