Circular No. 165/2010/TT-BTC dated October 26, 2010 of the Ministry of Finance guiding customs procedures for export, import, temporary import for re-export and border-gate transfer; import of materials for production and mixture; and import of materials for export processing of petrol and oil

MANAGEMENT FOR PETROL AND OIL IMPORT AND EXPORT

On October 26, 2010, the Ministry of Finance issued the Circular No. 165/2010/TT-BTC guiding customs procedures for export, import, temporary import for re-export and border-gate transfer; import of materials for production and mixture; and import of materials for export processing of petrol and oil.

Accordingly, In case of physical inspection of petrol, oil and materials imported for petrol and oil production or export processing, customs officers shall base themselves on results of assessment conducted by assessment service providers (below referred to as assessors) of petrol and oil category, volume (petrol and oil volumes in cubic meters or barrels must be converted into tons upon customs declaration), weight and quality, to give certification of results of physical inspection in customs declarations. Petrol and oil are allowed to be pumped into depots or other vehicles only after their customs declarations have been registered by Customs Sub-Departments (at which traders carry out customs procedures) according to customs declaration registration procedures under the Customs Law.

Petrol and oil temporarily imported for re-­export may be retained in Vietnam for not more than 120 days after the date of completion of customs procedures for temporary import. When necessary to retain such petrol and oil for a longer period, traders shall request in writing Customs Sub-Departments at which they carry out temporary import procedures to extend this time limit. Extension may be made twice at most, each not exceeding 30 days for each lot temporarily imported for re-export.

Besides, the Circular also regulates specifically customs procedures for petrol and oil temporarily imported for re-export; petrol and oil transshipped or transferred alongside from ship to ship; materials imported for petrol and oil production or mixture or export processing and so on.