On December 29, 2023, the Minister of Industry and Trade issued Circular No. 44/2023/TT-BCT amending and supplementing some provisions of Circular No. 05/2018/TT-BCT dated April 3, 2018, on regulations on the origin of goods. (Circular No. 44).

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Amendments and supplements regarding the origin of goods from February 15, 2024

– Specifically, Circular No. 44/2023/TT-BCT amends and supplements some provisions of Circular No. 05/2018/TT-BCT as follows:

– Replace Appendix I on Specific Rules of Origin under Article 6(2) of Circular No. 05/2018/TT-BCT with Appendix I issued together with Circular No. 44/2023/TT-BCT.

– Replace Appendix II on Declaration of Goods Exported Meeting the Criteria of “WO”, Using Domestically Sourced Raw Materials, Without Value Added Tax Invoice at Point a of Article 7(1) of Circular No. 05/2018/TT-BCT with Appendix II issued together with Circular No. 44/2023/TT-BCT.

– Replace the phrase “point g to point l of this Article” with the phrase “point g to point l of this Article 8” at Article 9(1) of Circular No. 05/2018/TT-BCT.

Rules for preferential origin of goods

– According to Article 5 of Circular No. 05/2018/TT-BCT, specific regulations on preferential rules of origin of goods are as follows:

– For exported goods, imported goods eligible for preferential tariff and non-tariff treatment, preferential rules of origin shall be implemented according to international agreements that Vietnam has signed or acceded to and according to the regulations of the Ministry of Industry and Trade guiding those international agreements.

– For exported goods eligible for general preferential tariff treatment and other unilateral preferences, preferential rules of origin shall be implemented according to the regulations of the importing country for these preferences and according to the regulations of the Ministry of Industry and Trade guiding those rules of origin.

Circular No. 44 shall take effect from February 15, 2024.

Above is the entire content of the News: Regulations on the Origin of Goods from February 15, 2024.

* This news is for informational purposes about newly issued legal regulations and is not intended for specific advice or application in individual cases.

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