The Ministry of Industry and Trade issued Circular No 15/2011/TT-BCT on March 30, providing procedures for registration of lists of imported goods, goods temporarily imported for re-export, and liquidated goods of foreign contractors in the construction sector.
The Ministry of Industry and Trade issued Circular No 15/2011/TT-BCT on March 30, providing procedures for registration of lists of imported goods, goods temporarily imported for re-export, and liquidated goods of foreign contractors in the construction sector.
Under the circular, the import, temporary import or liquidation of goods are subject to the following conditions: (i) the foreign contractors must be licensed; (ii) the type, quantity and origin of imported machinery, equipment and materials must be in accordance with the contract; (iii) the investors or project owners must have considered the domestic capacity to supply the needed construction equipment and agreed to the lists of construction equipment to be imported by foreign contractors; (iv) the list must be approved by the Ministry of Industry and Trade; (v) the foreign contractors must make final settlement for the imported equipment or materials upon completion of the work; (vi) the foreign contractor must re-export, sell or destroy unused equipment or materials after settlement; (vii) goods must be used for their intended purposes; and (viii) registration of the list must be made annually or for the entire project in accordance with the progress of construction.
Circular No 15 takes effect on May 15 and replaces Decision No 3806/QD-BCT of the Ministry of Industry and Trade dated
(Source: VNS)
