Question 24: Prior-determination and valuation of goods
Under the provision of Article 7 of Circular 128/2013 /TT-BTC on 10 Sept, 2013 of the Ministry of Finance, the prior-determination of export and import code shall becarried out prior to the customs procedure at the request of organizations and individuals. The Circular are in effect from 01 Nov, 2013.
In determining the value of imported goods:
In case organizations and individuals request to conduct prior-determination of the value of goods exported or imported, this must be carried out in accordance with the provision of Article 8 of Circular 128/2013 /TT-BTC on 09 Oct, 2013 of the Ministry of Finance.
In case the customs authorities determine the value of imported goods in the customs procedures, this must be carried out based on the following provisions:
Decree No. 40/2007/ND-CP dated 16 Mar, 2007 of the Government on customs valuation of imported and exported goods;
Circular 205/2010 /TT-BTC dated 15 Dec, 2010 of the Ministry of Finance guiding Decree No.40/2007/ND-CP stipulating on determination of customs value for imported, exported goods;
Circular 29/2014/TT-BTC on 26 Feb, 2014 of the Ministry of Finance on amendements to some articles of Circular 205/2010/TT-BTC dated 15 Dec, 2010 of the Ministry of Finance guiding Decree No. 40/2007/ND-CP dated March 16, 2007 of the Government regulating the customs valuation of imported and exported goods;