What is the validity period of licenses for temporary import of gold material for re-export of products in Vietnam?

What is the validity period of licenses for temporary import of gold material for re-export of products in Vietnam?

Pursuant to Article 16 of the Circular 16/2012/TT-NHNN (amended by Clause 1 Article 1 of the Circular 24/2022/TT-NHNN) stipulating bases for determination of the validity period of licenses for temporary import of gold material for re-export of products in Vietnam as follows:

Procedures for issuance and modification of certificate of eligibility to manufacture gold jewelry and goldsmiths’ wares; license to temporarily import gold material for re-export of products

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5. With regard to issuance of license to temporarily import gold material for re-export of products, within 15 working days from the receipt of adequate and valid application, the Director of the relevant SBV’s provincial branch shall issue or refuse to issue (provide reasons for refusal) the license to temporarily import gold material for re-export of products either in physical or electronic format (using the form in Appendix 17 enclosed herewith). The validity period of the license shall be determined according to the contract for processing of gold jewelry and goldsmiths’ wares but shall not exceed 12 months from its issue date. The re-export of products must be completed within the validity period of the license. The weight of imported gold material shall be determined according to the processing contract and the applicant’s plan for manufacture of gold jewelry and goldsmiths’ wares.

As regulations above, the validity period of licenses for temporary import of gold material for re-export of products in Vietnam shall not exceed 12 months from its issue date.

The validity period of the license shall be determined according to the contract for processing of gold jewelry and goldsmiths’ wares.

What are methods for submission of application for issuance of licenses for temporary import of gold material for re-export of products in Vietnam?

Pursuant to Article 16 of the Circular 16/2012/TT-NHNN (amended by Clause 1 Article 1 of the Circular 24/2022/TT-NHNN) stipulating methods for submission of application for issuance of licenses for temporary import of gold material for re-export of products in Vietnam as follows:

Procedures for issuance and modification of certificate of eligibility to manufacture gold jewelry and goldsmiths’ wares; license to temporarily import gold material for re-export of products

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4. Procedures for issuance and modification of license to temporarily import gold material for re-export of products:

a) The enterprise that wishes to temporarily import gold material to serve their re-export of gold products or that wishes to modify their license to temporarily import gold material shall send an application which is made according to Article 11 or Article 11a of this Circular adopting one of the following submission methods:

(i) Online submission on the National public service portal or the SBV’s public service portal;

(ii) Direct submission to the single-window section of the SBV’s branch of the province or city where the applicant is headquartered;

(iii) By post.

b) In case an application is submitted online through the National public service portal or the SBV’s public service portal, the submitted documents may bear digital signature in accordance with regulations of law on completion of administrative procedures by electronic means. If the National public service portal or the SBV’s public service portal failed or encountered a problem, and thus is unable to receive and exchange electronic information, the declaration, sending, receipt, exchange and response to information as well as return of application processing results will be made by post or directly at the single-window section the SBV’s branch of the province or city where the applicant is headquartered;

c) All documents included in the electronic application are scanned copies of the original or physical original documents (in PFD format) or are filled out on the SBV’s public service portal;

d) The documents included in the physical application are original or physical original documents or their copies bearing the applicant’s certification.

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As regulations above, the enterprise that wishes to temporarily import gold material to serve their re-export of gold products shall send an application by following methods:

+) Online submission on the National public service portal or the SBV’s public service portal;

+) Direct submission to the single-window section of the SBV’s branch of the province or city where the applicant is headquartered;

+) By post.

What documents are included in the application for issuance of licenses for temporary import of gold material for re-export of products in Vietnam?

Pursuant to Article 11 of the Circular 16/2012/TT-NHNN (amended by Clause 9 Article 1 of the Circular 38/2015/TT-NHNN, Clause 5 Article 1 of the Circular 24/2022/TT-NHNN, Clause 1 Article 2 of the Circular 15/2021/TT-NHNN) stipulatingthe application for issuance of licenses for temporary import of gold material for re-export of products in Vietnam as follows:

- An application for granting a license for temporary import of gold material in order to re-export of products (made according to the form 4 of this Circular).

- Gold jewelry and fine art processing contracts with foreign countries.

- Report on the import of raw materials, production and export of gold jewelry and fine arts of the enterprise within 12 (twelve) months immediately preceding the time of submission of the application (made according to the form in Appendix 7 to this Circular). this Circular), together with a list of the customs declarations of temporary import for re-export of gold and the deduction slip printed from the Customs professional information system with the enterprise's certification of the accuracy of this document (under the form at Appendix 7a to this Circular).

- The business plan for gold jewelry and fine art production.

Best regards!