Title: Circular 16/2012/TT-NHNN Guiding some articles of the Government's Decree 24/2012/ND-CP on management of the gold business activities

Type: Circular

Issuing Agency: The State Bank of Viet Nam

Responsible Agency: The State Bank of Viet Nam

Issuing Date: 25-05-2012

 

This Circular guides the manufacture of goldjewelry and art crafts; gold bar trading; and export and import of goldmaterial by enterprises and credit institutions as prescribed in theGovernment's Decree No. 24/2012/ND-CP of April 3, 2012, on management of goldbusiness activities (hereinafter referred to as the Decree No. 24/2012/ND-CP).

Conditions forgrant of gold material export or import licenses with respect to manufacturersof gold jewelry and art crafts

1. The enterprise registration certificate withthe business line of manufacture of gold jewelry and art crafts.

2. Possessing a certificate of eligibility formanufacture of gold jewelry and art crafts granted by the State Bank of Vietnam(hereinafter referred to as the State Bank).

3. Demand of gold material import conforms toplan on manufacture of gold jewelry and art crafts.

4. Not violating the law on management of goldbusiness activities for 12 (twelve) consecutive months before requesting a goldmaterial import license.

Conditions forgranting license for temporary import of gold material for re-export ofproducts with respect to enterprise having a contract with foreign party ofprocessing gold jewelry and art crafts 

 1. The enterprise registrationcertificate with the business line of manufacture of gold jewelry and artcrafts.

2. Possessing a certificate of eligibility formanufacture of gold jewelry and art crafts granted by the State Bank.

3. Demand of gold material import conforms toplan on manufacture of gold jewelry and art crafts and the contract withforeign party of processing gold jewelry and art crafts.

4. Not violating the law on management of goldbusiness activities for 12 (twelve) consecutive months before applying for alicense for temporary import of gold material for re-export of products.

 

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