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- 26 / 08 / 2018 -
Piloting tariff quotas for imported sugar in 2018

On 21 August 2018, the Minister of Finance promulgated Circular No. 22/2018/TT-BCT guidelines on the experimental auction of tariff quotas for sugar import in 2018. The Circular took effect from the date of issued.
Accordingly, Circular No. 22/2018/TT-BCT regulated prominent content related to the pilot auction of tariff quotas for import of sugar in 2018, as follows:
First, applicable subjects:
– Businessman directly use sugar as raw materials for production and traders use raw sugar to produce refined sugar.
– Individuals, organizations that related to import sugar under tariff quota in 2018.
Second, import quotas of 2018 auctions are auctioned at 94,000 tonnes.
Third, auction rules:
– The auction of tariff quotas for sugar importation in 2018 will be conducted through the Council of Experts-Tariff Quotas for Import Tariffs in 2018
– The principles, procedures, and procedures for property auction shall be implemented in accordance with the law on auction in accordance with the nature of the auctioned property.
The four, import procedures:
– After the auction result report of the auction council, the Ministry of Trade and Industry shall issue a written notice on the delivery of the right to use sugar import quotas to winners.
– When making import procedures for sugar, in addition to the implementation of the current regulations, traders shall submit a written notice on the assignment of the right to use sugar quota import quotas by the Ministry of Industry and Trade to the customs offices where the customs procedures are carried out for the import of goods according to the provisions of the customs legislation.
Thus, compared to 2017, the import tariff quota for sugar imported in 2018 increased to 4.5 tons. The pilot auction of tariff quotas for these commodities is a method of organizing publicity, transparency, and fairness, allocating all import quotas to enterprises.