Decision No. 625/1998/QĐ-BTM Regarding the adjustment and supplementation of detailed regulations to implement Decree No. 12/CP dated February 18, 1997, and Decree No. 10/1998/NĐ-CP dated January 23, 1998 of the Government, attached to Decision No. 321/1998/QĐ-BTM dated March 14, 1998 of the Ministry of Trade.

Pursuant to …;

Regarding the adjustment and supplementation of detailed regulations to implement Decree 12/CP dated February 18, 1997

and Decree No. 10/1998/NĐ-CP dated January 23, 1998 of the Governmentissued together

with Decision No. 321/1998/QĐ-BTM dated March 14, 1998 of the Ministry of Trade

To implement the policy of encouraging foreign investment in Vietnam and further simplifying procedures for planning import and export activities, the Ministry of Trade adjusts and supplements some points in the Detailed Regulations implementing Decree No. 12/CP dated February 18, 1997 and Decree No. 10/1998/NĐ-CP dated January 23, 1998 of the Government issued together with Decision No. 321/1998/QĐ-BTM dated March 14, 1998 of the Ministry of Trade as follows:

I. ON THE DOCUMENTS:

a. Provisions on forms No. 1, 2, and 3.

1. Form No. 1: The enterprise's import and export plan sent to the Ministry of Trade or authorized agencies does not need to be accompanied by the report specified in form No. 1.

2. Form No. 2 for establishing a "List of imported equipment, machinery, materials, and transportation means forming the enterprise...":

Part I - "Machinery, equipment, production tools...":
Remove the sentence: "The company needs to clearly separate according to each main production process and auxiliary systems of machinery and equipment."

The remaining content remains valid.

3. Form No. 3: These contents are for enterprises to refer to and serve as a basis for accurately preparing plans for importing raw materials, exporting, and consuming products in Vietnam based on their production capacity and the provisions of the State Planning Committee, Investment License, and not mandatory to report according to this form.

b. On the documents sent to the Ministry of Trade or authorized agencies as stipulated in Article 3.1:

For projects where enterprises do not need to prepare economic and technical justifications but only need to register to obtain an Investment License according to Article 4 of Decree No. 10/1998/NĐ-CP dated January 23, 1998:

Documents sent to the Ministry of Trade or authorized agencies do not need to include Economic and Technical Justification but instead should include registration documents for obtaining an Investment License.

II. ON THE REPORTING REGIME IN ARTICLE 10:

Replace quarterly reporting with annual reporting in December as stipulated in Point 3 of Article 47 of Decree No. 12/CP dated February 18, 1997 of the Government:

III. ON ARTICLE 8

"Exemption from import tax when enterprises import raw materials for production to sell to other enterprises as raw materials for direct production of finished goods for export":

Remove the clause: "Exemption from import tax on raw materials will only be granted after the final product has been exported."

"Documents and procedures for granting exemption from import tax on raw materials shall be prescribed and handled by customs authorities."

Is replaced by the following provision:

Procedures and documents for exemption from import tax on raw materials shall be implemented in accordance with the provisions of Clause 1.4 of Circular No. 63/1998/TT-BTC dated May 13, 1998 of the Ministry of Finance.

This Decision is an inseparable part of Decision No. 321/1998/QĐ-BTM dated March 14, 1998 of the Ministry of Trade and takes effect from the date of issuance./.