THE MINISTRY OF FINANCE
Circular No. 62/2012/TT-BTC of April 17, 2012, providing customs procedures for temporary import of petrol and oil bought from overseas for exchange with petrol and oil bought from Dung Quat oil refinery for re-export to Laos
Pursuant to June 29, 2001 Customs Law No. 29/2001/QH10 and June 14, 2005 Law No. 42/2005/QH11, Amending and Supplementing a Number of Articles of the Customs Law;
Pursuant to June 14, 2005 Law No. 45/2005/QH11 on Export Duty and Import Duty;
Pursuant to November 29, 2006 Law No. 78/2006/QH11 on Tax Administration;
Pursuant to the Government’s Decree No. 12/2006/ND-CP of January 23, 2006, detailing the Commercial Law regarding international trading and trading agency, processing and transit of goods with foreign parties;
Pursuant to the Government’s Decree No. 84/2009/ND-CP of October 15, 2009, on petrol and oil trading;
Pursuant to the Government’s Decree No. 118/2008/ND-CP of November 27, 2008, defining the functions, tasks, powers and organizational structure of the Ministry of Finance;
In implementation of the Prime Minister’s Official Letter No. 2434/TTg-KTTH of December 26, 2011, on temporary import of petrol and oil for re-export to Laos;
At the proposal of the General Director of Customs;
The Minister of Finance provides customs procedures for temporary import of petrol and oil bought from overseas for exchange with petrol and oil bought from Dung Quat oil refinery for re-export to Laos.
Chapter I
GENERAL PROVISIONS
Article 1. Scope of regulation
This Circular provides customs procedures for temporary import of petrol and oil bought from overseas for exchange with petrol and oil bought from Dung Quat oil refinery for re-export to Laos.
Article 2. Subjects of application
1. PetroVietnam Oil Corporation (under Vietnam National Oil and Gas Group) and Vietnam National Petroleum Group (below referred to as traders).
2. Customs offices.
Chapter II
CUSTOMS PROCEDURES FOR TEMPORARY IMPORT OF PETROL AND OIL BOUGHT FROM OVERSEAS
Article 3. Customs procedures for temporarily imported petrol and oil
1. Procedures for temporary import of petrol and oil bought from overseas comply with Articles 3 and 4 of the Finance Ministry’s Circular No. 165/2010/TT-BTC of October 26, 2010, providing customs procedures for export, import, temporary import for re-export and border transshipment of petrol and oil; import of materials for production and preparation of petrol and oil; and import of materials for export processing of petrol and oil.
