Title: Circular 07/2010/TT-BTC amending and supplementing the Circular 45/2008/TT-BTC Guiding financial regulations and customs procedures applicable to Cau Treo international border-gate economic zone, Ha Tinh province

Type: Circular

Issuing Agency: Ministry of Finance

Responsible Agency: Ministry of Finance

Issuing Date: 14-01-2010

 

To amend Clause 4, Section I of Circular No. 45/2008/TT-BTC as follows:

"4. Conditions for application of financial regulations to Cau Treo International Border-Gate Economic Zone (below referred to as Cau Treo zone):

Cau Treo zone will be entitled to financial incentives specified in this Circular if concurrently meeting the following conditions:

- Having measures to isolate activities within the zone from those in inland Vietnam and the Lao People's Democratic Republic.

- Having a customs office and relevant agencies to supervise and check people, goods and vehicles leaving or entering the zone."

To amend and supplement the first paragraph after the fourth em rule at Item b. Point 1.2, Clause 1, Section II of Circular No. 45/2008/ TT-BTC as follows:

"When being imported into inland Vietnam, goods produced, processed, recycled or assembled in Cau Treo zone with the use of imported materials, supplies, components or semi-finished products, which cannot be produced at home, are exempt from import duty for 5 years from the date of production commencement according to Clause 16 and the first paragraph of Clause 15. Article 16 of the Government's Decree No. 149/2005/ND-CP of December 8,2005. detailing the implementation of the Law on Import Duty and Export Duty; and Clause 3. Article 21 of the Prime Minister's Decision No. 162/2007/QD-TTg of October 19, 2007. promulgating the Operation Regulation of Cau Treo International Border-Gate Economic Zone, Ha Tinh province.

Past the above duty exemption duration, when being imported into inland Vietnam, goods produced, processed, recycled or assembled in Cau Treo zone with the use of imported materials and components (excluding goods imported from inland Vietnam with the use of imported materials and components) are subject to import duty only for the imported materials and components constituting such goods."

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