THE MINISTRY OF TRADE - THE MINISTRY OF INDUSTRY
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
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No.15/2005/TTLT-BTM-BCN
Hanoi, August 09, 2005
 
JOINT CIRCULAR
GUIDING THE DEPOSITING/GUARANTEE FOR IMPLEMENTATION OF EXPORT TEXTILE AND GARMENT QUOTAS
Pursuant to the Government’s Decree No. 29/2004/ND-CP dated January 16, 2004 defining the functions, tasks, powers and organizational structure of the Ministry of Trade;
Pursuant to the Government’s Decree No. 55/2003/ND-CP dated May 28, 2003 defining the functions, tasks, powers and organizational structure of the Ministry of Industry;
At the proposal of the Vietnam Textile and Garment Association,
The Ministry of Trade and the Ministry of Industry hereby jointly guide the depositing/guarantee for the implementation of export textile and garment quotas as follows:
I. GENERAL PROVISIONS
1. Definitions

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a) Depositing for implementation of textile and garment quotas: Traders shall commit to implementing export textile and garment quotas by depositing a sum of money corresponding to the volume of registered or assigned quotas at the deposit level jointly set by the Ministry of Trade and the Ministry of Industry, into the custody account of the Ministry of Trade at the Hanoi State Treasury.
b) Bank guarantee for implementation of textile and garment quotas: Traders shall submit to the Ministry of Trade a bank’s guarantee letter for the volume of registered or assigned quotas (which have not yet been used up) stating the guarantee amount as jointly set by the Ministry of Trade and the Ministry of Industry.
The form of bank guarantee letter shall be jointly stipulated and notified in detail by the Ministry of Trade and the Ministry of Industry.
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>> See also:  Official Dispatch No. 1744/TCHQ-GSQL dated April 22, 2011 of the Ministry of Customs on C/O form D for on-spot import and export