Facing accusations of evading anti-dumping duties in the US, Minh Phu Seafood JSC officially stated that it has imported about 10 per cent of the group’s raw materials from India, which is not enough to say that it is going around US tariffs. Minh Phu is facing charges of tariff evasion in the US Republican representative from Illinois, Darin LaHood sent a letter to the Customs and Border Protection (CBP) commissioner Kevin McAleenan requesting an investigation into allegations that Vietnam’s Minh Phu Seafood is possibly evading anti-dumping duties on shrimp from India. “An e-allegation was filed with the US CBP on May 12, 2019, under case reference No.e559A512201919. Based on the information contained in this case, I request that the CBP investigate whether a US importer and its related companies in Vietnam are evading anti-dumping duties on shrimp from India. The information also suggests that these companies may be in violation of the US Seafood Import … [Read more...] about Is Minh Phu evading anti dumping duties on shrimp from India?
Custom duty information
Customs official reveals paralysis of national one-door portalThe Saigon Times Daily A customs official is on duty - PHOTO: VNA HCMC – The General Department of Vietnam Customs has announced that the version 5 online customs clearance portal was down at 10 a.m. on January 25, as two servers, including an application computer and a data one, at the hardware error system monitoring center had stopped working, the local media reported. A representative of the department stated that the version 5 online portal was used to support the Vietnam Automated Customs Clearance System (VNACCS/VCIS), and it is neither a national one-door system nor a declaration registration receiving system. The portal is aimed at supporting customs officials in confirming cargo handover reports in case the cargo is transported between sites under the supervision of the customs department. Further, the system assists customs officials to manually update the data on customs declarations. Given the … [Read more...] about Customs official reveals paralysis of national one-door portal
The Hanoitimes - The revenue is equal to 100.42%% of estimation and meets 97% of the 2018 target. Vietnam`s customs revenue reached VND284.2 trillion (US$12.22 billion) in the first 11 months of 2018, equivalent to 100.42% of the estimation and up 7.27% compared to the corresponding period last year, according to the General Department of Vietnam Customs (GDVC). Illustrative photo. The revenue is equal to 97% of the 2018 target. According to the GDVC's Import-Export Tax Department, the result is partly thanks to an increase in the import-export duty revenue in the January - November period, growing by 13.3% year-on-year, of which export tariff revenue increased by 14.5% and that of import 12.1%. Moreover, imported petroleum products and crude oil have significantly increased in terms of quantity and value. Currently the crude oil price fluctuates around US$70 per barrel, higher than the original estimation of US$50. This resulted in an increase of VND20 trillion … [Read more...] about Vietnam’s customs revenue up 7.27% in Jan – Nov
Minister backs regulation requiring banks to provide customer details to taxmanBy Vu Dung Minister of Finance Dinh Tien Dung at a group discussion during the National Assembly (NA) session on November 12 - PHOTO: QUOCHOI.VN HANOI – Minister of Finance Dinh Tien Dung, at a group discussion of the National Assembly (NA) on November 12, threw his weight behind a regulation that requires commercial banks to provide their customers’ bank account information to tax agencies. At the discussion on the revised Law on Tax Management, Dung said the coordination of the relevant agencies in tax management was crucial, especially when traditional business models are being replaced with the digital and sharing economy as well as ecommerce models. He noted that the Law on Tax Management has been amended three times in the last decade to serve economic development but many shortcomings remain. Dung stressed that the regulation is indispensable as tax agencies find it difficult to … [Read more...] about Minister backs regulation requiring banks to provide customer details to taxman
A ritual in Stieng wedding custom of "repaying duty" Stieng boys and girls get to know each other at community events such as festivals and weddings. When they decide to get married, they inform their families and the boy’s family sends two matchmakers to the girl’s house to make a proposal. Patriarch Dieu Do said, “The boy’s family prepares proposal presents according to Stieng tradition. These must include a silver bracelet and necklace.” Patriarch Dieu Do said in the past the presents the girl’s family asked for were equivalent to what the girl’s father gave to marry her mother. The girl’s father tells the matchmaker the required number of buffalos, cows, pigs, and vases of wine. Customarily, if the bridegroom’s family is able to provide all the requested presents, he could take the girl to his house or the couple could live on their own house. Otherwise, the bridegroom had to live with the bride’s family until … [Read more...] about The Stieng wedding custom of “repaying duty”