This circular stipulates the piloting of collecting inspection fees in foreign currency in the southern region, with specific conditions and procedures. The aim is to draw lessons for formal implementation after 1992.
Scope of application
General Department of Standardization, Metrology and Quality Control
Key points
- The General Department of Standardization, Metrology and Quality Control → will pilot the collection of inspection fees in foreign currency in 1992 in the southern region.
- The State Scientific Council → must issue temporary pricing lists and make decisions on piloting before soliciting opinions from the State Committee for Foreign Investment Cooperation.
- Inspection facilities → shall remit 100% of collected inspection fees in foreign currency into the State Budget (account 229-110-37-001), and receive 15% of the actual amount submitted in Vietnamese dong, calculated based on the buying rate published by the Bank.
- The State Budget → shall reimburse 15% of the amount in Vietnamese dong based on the actual submission in foreign currency and the exchange rate published by the Bank when settling budget revenues.
🌐 Social impact of this document
- Positive impact: Creates opportunities for new trial applications, enhancing product quality management efficiency.
- Negative impact: Increased costs for enterprises required to pay inspection fees in foreign currency.
❓ Frequently asked questions
Where is the collection of inspection fees in foreign currency applied?
The collection of inspection fees in foreign currency is piloted in the southern region in 1992.
What percentage of collected inspection fees must inspection facilities remit into the State Budget?
Inspection facilities must remit 100% of collected inspection fees in foreign currency into the State Budget (account 229-110-37-001).
What percentage of the actual amount submitted does the Ministry of Finance return to inspection facilities?
Inspection facilities are returned 15% of the actual amount submitted to the National Treasury by the Ministry of Finance.
On what exchange rate is the reimbursement based?
The State Budget will reimburse 15% of the amount in Vietnamese dong based on the actual submission in foreign currency and the exchange rate published by the Bank when settling budget revenues.
How long will the trial application of inspection fees in foreign currency last?
The trial application of inspection fees in foreign currency will be implemented in the southern region in 1992, followed by drawing lessons for formal implementation.
Full text
LETTER
OF THE MINISTRY OF FINANCE NUMBER 884 TC/HCVX ON DECEMBER 9, 1991
REGARDING THE APPLICATION OF TRIAL COLLECTION OF FEES FOR CALIBRATION IN FOREIGN CURRENCY
WHEREAS Article 1, 2 and Article 20 of the Measurement Ordinance issued by the State Council on July 6, 1990, and Articles 20 and 21 of Decree No. 115-HĐBT dated April 13, 1991, of the Council of Ministers regarding the implementation of the Measurement Ordinance; WHEREAS Circular No. 308/TDC/TH dated October 3, 1991, of the General Bureau of Standards, Metrology, and Quality Control requesting permission to apply trial collection of fees for calibration in foreign currency; The Ministry of Finance hereby provides its opinion as follows:
1. Agree to allow the General Bureau of Standards, Metrology, and Quality Control to conduct a trial collection of fees for calibration in foreign currency in the Southern region in 1992. Thereafter, lessons learned should be applied to improve and complete the draft regulation for submission to the Council of Ministers for formal issuance.
2. Request the State Scientific Council to issue a temporary price list for trial application in 1992 and make a decision to implement the trial. Before making the decision, opinions from the State Committee for Foreign Investment Cooperation should be sought.
3. Fees collected in foreign currency must be fully remitted to the State Budget (account 229-110-37-001 opened by the State Treasury at the Central Foreign Trade Bank). The State Budget will reimburse 15% of the amount in Vietnamese Dong based on the actual foreign currency payment and the exchange rate published by the Bank when settling accounts for budget revenues.
4. The calibration facility shall be reimbursed 15% of the actual amount deposited into the State Treasury (as per Article 21 of Decree No. 115-HĐBT dated April 13, 1991). The reimbursement shall be made in Vietnamese Dong based on the actual foreign currency deposited and calculated according to the buying rate published by the Bank at the time of deposit.
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