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Procedure NameThe procedures for granting permits for gold imports raw materials for enterprises to invest abroad in the fields of gold mining
Description

 

Category

Procedure for licensing of import of gold

Responsible Agency

The State Bank of Vietnam

Legal basis of the Procedure                

  • Decree No. 24/2012/ND-CP dated April 3, 2012 of the Government

  • Circular No. 16/2012/TT-NHNN dated January 25, 2012 of the State Bank

Processing time

30 working days.

Fee

 

 

Required documents

No

Type of documents

1

Application for granting gold material export license (Annex 4)

2

Certificate of investment

3

Materials proving that the gold material to be expected for import is exploited overseas by the enterprise or is product shared under the agreement on gold mining overseas.

4

Documents and materials proving the use of the imported gold material is compliant with Clause 3, Article 6 of this Circular.

5

The enterprise's report on gold mining and gold material import in 12 (twelve) latest months before reporting, enclosed with the gold import customs declaration and reconciliation slip certified by the customs office (Annex 9).

 

Process Steps

Step 1

The enterprise making overseas investment in gold mining business having demand to import gold material exploited overseas by itself shall submit directly or by post 1 (one) dossier set of prescribed papers to the State Bank (the Foreign Exchange Management Department).

Step 2

The State Bank (the Foreign Exchange Management Department) shall examine and appraise the dossier.

Step 3

Within 30 (thirty) working days after receiving a complete and valid dossier from the enterprise, the State Bank shall grant or refuse to grant (clearly stating the reasons) the gold material import license.

 

CategoryProcedure

The following form/s are used in this procedure
TitleDescriptionCreated DateUpdated DateIssued By
APPLICATION FOR GRANTING PERMITS FOR IMPORT / EXPORT OF RAW MATERIAL GOLD ((annex 4 of circular 16/2012/TT-NHNN)APPLICATION FOR GRANTING PERMITS FOR IMPORT / EXPORT OF RAW MATERIAL GOLD (annex 4 of circular 16/2012/TT-NHNN)06-06-201617-06-2017The State Bank of Viet NamThis is Dowload File
REPORT ON THE EXPLOITATION AND IMPORT / EXPORT BONUS MATERIALREPORT ON THE EXPLOITATION AND IMPORT / EXPORT BONUS MATERIAL06-06-201606-06-2016The State Bank of Viet NamThis is Dowload File
This procedure applies to the following measures
NameMeasure TypeAgencyDescriptionCommentsLegal DocumentValidity ToMeasure Class
Import of gold material applied to enterprises making overseas investment in gold mining business must have pernissionLicensing RequirementThe State Bank of Viet NamEnterprises should be met requirements as per Conditions for granting a gold material import license with respect to an enterprise making offshore investment in gold mining in Article 6 Circular 16/2012/TT-NHNNDetails conditions: 1. Being an enterprise lawfully established and having registered gold mining business as indicated in its investment certificate. 2. Having documents proving that the gold material to be imported is exploited overseas by the enterprise or is product shared under agreement on gold mining overseas. 3. The imported gold material is used only to manufacture gold jewelry and art crafts. 4. Not violating the law on management of gold business activities for 12 (twelve) consecutive months before applying for a gold material import licenseCircular No. 16/2012/TT-NHNN Guiding a number of articles of Decree No. 24/2012 / ND-CP dated Apr 3, 2012 of the Government on management of gold trading activities31-12-9999Good