Please let us about the import plan and confirmation of import duty-free of FDI enterprises?
On 28th November 2006, the Ministry of Trade issued Official Letter No.7400/BTM-KHDT on abolishing the approval of import plan and confirmation of import duty-free of FDI enterprises.
Accordingly, the Departments of Trade and Boards of Management of High-tech Zones, Export Processing Zones and High-tech Zones shall not approve the import plans; not certify exemption of import tax imposed on machineries and equipment creating the fixed assets, not approve import plan of materials serving for investment projects; not certify assets liquidation and other licensing procedures relating to import-export activities of the investors.
Besides, the Official Letter stipulated that the foreign investors (including those were issued Investment Licenses before 31 December 2005 and have completed procedures for approval of import plan and certification of import tax exemption by the agencies who are authorized by the Ministry of Trade) shall be allowed to directly carry out procedures for goods import-export and assets liquidation at the Customs border without approval document of the agencies who are authorized by the Ministry of Trade.
The foreign investors shall take full responsibilities for declaring import exemption procedures and submitting tax exemption dossier to the customs agencies.
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