On January 22nd, 2019, the Government issued Circular No. 03/2019/TT-BCT on rules of goods originating in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership – CPTPP. This Circular takes effect from March 8, 2019.
Accordingly, Circular No. 03/2019/TT-BCT have highlight contents on the certificate of origin (C/O), specifically as follows:
– Certificate of origin of goods is valid within 01 year from the issued date or longer in accordance with the regulations of other member countries;
– The competent authority of the importing country will not reject the C/O of the goods because of minor errors or differences on the C/O of goods;
– In case of detecting information and data in the C/O of goods are not accurate or do not meet the rules of origin, exporter or manufacturer have to announce to importer and competent agency of importing country.
Thus, Circular No. 03/2019/TT-BCT has detailed guidelines on rules of origin of goods in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership – CPTPP, thereby creating the basis for individuals, an organization the implementation of production and business activities that are accurate and convenient, and will improve the quality of state management in this area.