On June 29, 2018, the Ministry of Industry and Trade issued Circular No.15/2018/TT-BCT regulating the allocation in the process of issuance Certificate of Original (C/O). This Circular took effect since August 15, 2018.
Accordingly, Circular No.15/2018/TT-BCT regulates the conditions for applying Green Flow in the process of issuance preferential Certificate of Original as follows:
1. Traders shall be given priority to exemption from and reduction of the time for issuance of C/O and exemption from actual inspection of goods in the course of applying for C/O.
2. In order to be eligible for the Green Flow regime, traders must meet the following conditions:
a) On the subjects of application
– Traders recognized by the Ministry of Industry and Trade as prestigious exporters;
– Traders recognized by the Ministry of Finance as priority enterprises in the field of State management over customs;
b) Capacity
– Compliance with law: Not violating regulations on origin in the last two years;
– Record keeping: a complete record keeping system (paper and electronic files) to ensure the authenticity of the C/O and the origin of the goods during the storage period;
– Experience in using preferential C/O: implementing the electronic C/O declaration process through the system of management and issuance of electronic certificates of origin (www.ecosys.gov.vn) and frequency of recommendation to issue at least 30 sets of preferential C/O per year.
Through specific regulations, Circular No.15/2018/TT-BCT create conditions for the business leaders to enjoy priority rights in the process of requesting preferential C/O, thus promoting the development of the entire import and export industry.