Decision No. 229/2001/QD-BKH promulgates the List of materials and equipment for oil and gas activities domestically produced

Pursuant to …;

Issuing the List of Materials and Equipment for Oil and Gas Activities Domestically Produced

domestically produced

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THE MINISTER OF PLANNING AND INVESTMENT

Pursuant to Decree No. 75/CP dated November 1, 1995 of the Government stipulating the functions and tasks of the Ministry of Planning and Investment,

Pursuant to Decree No. 48/2000/NĐ-CP dated September 12, 2000 of the Government guiding the implementation of the amended Petroleum Law;

After obtaining the consensus opinions of relevant ministries and sectors,

DECISION:

Article 1. Attached hereto is the List of materials for oil and gas activities domestically produced, serving as the basis for determining materials not yet domestically produced, eligible for import tax exemption under Article 54 of Decree No. 48/2000/NĐ-CP dated September 12, 2000 of the Government and value-added tax exemption under Article 55 of the aforementioned Decree..

Article 2. The importation of equipment for oil and gas activities shall apply the List of domestically produced specialized equipment and transportation means issued pursuant to Decision No. 214/1999/QĐ-BKH dated April 26, 1999, serving as the basis for determining equipment not yet domestically produced, eligible for value-added tax exemption under Article 55 of Decree No. 48/2000/NĐ-CP..

Article 3. In this Decision, "oil and gas activities" are defined as per Article 2 of Decree No. 48/2000/NĐ-CP, which includes exploration, development, exploitation, processing, storage, collection, and transportation of oil and gas from the exploitation area to the delivery point, and service activities for exploration and production of oil and gas. Other activities in the petroleum sector shall be governed by Decisions No. 214/1999/QĐ-BKH; No. 230/2000/QĐ-BKH and No. 462/2000/QĐ-BKH.

Article 4. The Vietnam Oil and Gas Corporation or its member units must submit a written confirmation to the General Department of Customs and local tax authorities regarding the quantity of imported materials and equipment intended for oil and gas activities as defined in Article 3 of this Decision. In case of disagreement between the local customs authority and the importing enterprise, the Vietnam Oil and Gas Corporation shall request the Ministry of Planning and Investment to review and decide. During the waiting period for the decision of the Ministry of Planning and Investment, the local customs authority shall promptly process the clearance procedures for imported goods to ensure uninterrupted oil and gas operations.

Article 5. The List of materials and equipment for oil and gas activities domestically produced attached hereto will be reviewed and updated annually based on the actual situation and proposals from domestic production units and relevant state management agencies.

Article 6. This Decision shall take effect fifteen days from the date of issuance and shall apply to import declarations for goods serving oil and gas activities from the effective date of the amended Petroleum Law in 2000 until the effective date of this Decision.