New Regulations in Fuel Trade for Companies

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Sept. 15 – According to the information provided by the Ministry of Finance (MoF), domestic merchants providing petrol to manufacturers at open economic and cross-border industrial zones will be subject to temporary import and re-export laws.

All fuel-trading activities between traders and producers will be to operate in accordance with General Department of Customs procedures.

As for temporarily imported, but not as yet re-exported fuel, it will be allowed on the Vietnamese market after paying the full import tax.

When it comes to jet gasoline, traders must submit or show registered customs declarations, stock issued dockets, invoices and copies of gasoline quantums for domestic routes in case of international flights via domestic routes.

The new regulation will come into effect on October 21, 2011.

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