VCN – The Ministry of Industry and Trade issued Circular 22.2016/TT-BTC in implementing Rules of Origin for the Asean Trade In Goods Agreement (ATIGA).
|ASEAN countries have agreed the contents to modify Rules of Origin forATGA. Picture: Internet.|
In January 2016, ASEAN countries agreed the contents to modify Rules of Origin of ATIGA and the ASEAN Secretariat submitted to the AFTA Council to approve, including 2 items: the list of information technology products under code HS 2012, and C/O procedure issuing and testing modified to apply electronic C/O form D.
At the end of February 2016 and in early March 2016, the AFTA Council ratifiedthe list of information technology products (ITA) under code HS 2012 and approved the modifying ofprocedures forissuingand testing to apply electronic C/O form D in ATIGA.
In order to legalizethese international agreements, the Ministry of Industry and Trade issued Circular 22, which modified and implementedthe following: Annex IV in the list of information technology products (ITA) under code HS 2012. Annex VII in C/O procedure issuing and testing (adding articles to apply elcectronic C/O form D).
Besides, the filling deadline (applied for written and electronic documents) is prescribedas5 years (instead of 3 years as in Circular 21/2010/TT-BTC). The other appendices basically remain unchanged and consolidated from Circular 21/2010/TT-BTC and Circular 42/2014/TT-BTC.
The Circular comes in to force on December 15, 2016.
By Phan Thu/Kieu Oanh