On August 30, 2019, the Ministry of Finance issued Circular 60/2019 / TT-BTC amending and supplementing a number of articles of Circular 39/2015 / TT-BTC of the Minister of Finance providing regulations on customs value for import and export goods. This Circular takes effect from October 15, 2019
1. Principles:
a) The customs value of imported goods is the actual price payable up to the first import checkpoint determined by the sequential application of methods from point a to point e clause 2 of this Article and stopping at method of determining customs value;
b) If the declarant requests in writing, the order of application of the deductible value method and the calculated value method may be interchangeable;
c) The determination of customs value must be based on vouchers, documents, objective and quantifiable data.
2. Methods of determining the customs value of imported goods:
a) Method of transaction value of imported goods: Pursuant to Article 7 of Decree 40/2007 / ND-CP, we have the concept of customs value as follows;
“The customs value of imported goods is the transaction value, which is the actual price paid or will be payable for goods sold in the export operation for the importing country, this value is adjusted in accordance with the provisions of Article ”
The method of customs valuation is called the method of calculating actual or paid prices for imported and exported goods.
b) Method of transaction value of identical imported goods: Pursuant to Clause 8, Article 2 of Decree 40/2007 / ND-CP. Identical goods are identical goods in all respects, including physical characteristics, quality and reputation; are manufactured in the same country, by the same manufacturer or another manufacturer under the authorization of that manufacturer, imported into Vietnam.
c) Method of transaction value of similar imported goods: Pursuant to Clause 9, Article 2 of Decree 40/2007 / ND-CP Similar imported goods are goods although they are not the same in all directions. face but with the same basic characteristics, made from the same materials and materials; have the same function and are interchangeable in commercial transactions; are manufactured in the same country, by the same manufacturer or another manufacturer under the authorization of that manufacturer, imported into Vietnam.
d) Method of deduction value: Pursuant to Circular 39/2015 / TT-BTC. The customs value calculation method using the deduction value is a method of calculating customs value on the basis of a basis for calculating import and export tax. Deductible value is determined based on the selling price of imported goods, identical import goods, similar imported goods on the Vietnamese market minus (-) the reasonable expenses incurred after import.
đ) Method of calculation value: Pursuant to Article 11 of Circular 39/2015 / TT-BTC. If the customs value cannot be determined by the methods of transaction value, the value of identical or similar imported goods or the deductible value, the customs value of imported goods shall be determined by legal value calculation. where to learn import and export
e) Method of deduction: Out of the six methods for determining customs value of imported goods, the inference method is the last and the least applicable method.
This Circular 60/2019 / TT-BTc helps organizations and individuals export and import goods, customs authorities, customs officers and other relevant organizations and individuals to choose methods to define customs valuation of imported goods in the most appropriate way.