The Ministry of Industry and Trade organizes the allocation of import tariff quotas for sugar in 2024 by auction method.

The Council for Allocating Import Tariff Quotas for Sugar in 2024 by Auction has issued a Notice on the organization of allocating import tariff quotas for sugar in 2024 by auction on August 27, 2024 for relevant traders, organizations and individuals to implement.

Pursuant to Circular No. 11/2022/TT-BCT dated June 27, 2022 of the Minister of Industry and Trade regulating the allocation of import tariff quotas for sugar products by auction method, Decision No. 2226/QD-BCT dated August 20, 2024 of the Minister of Industry and Trade on the quantity, time and method of allocating import tariff quotas for sugar in 2024, Decision No. 2227/QD-BCT dated August 20, 2024 of the Minister of Industry and Trade on the establishment of the Council for allocating import tariff quotas for sugar in 2024 by auction method, the Council for allocating import tariff quotas for sugar in 2024 by auction method has issued a Notice on the organization of allocating import tariff quotas for sugar in 2024 by auction method on August 27, 2024 for relevant traders, organizations and individuals. implementing organization

Sugar import auction 2023

Accordingly, traders directly using sugar as raw material for production and traders using raw sugar to produce refined sugar are proposed to be allocated import tariff quotas for sugar by auction method (according to regulations in Article 3 of Circular No. 11/2022/TT-BCT dated June 27, 2022 of the Minister of Industry and Trade).

The amount of import tariff quota for sugar (HS code 17.01) allocated in 2024 by auction is 126,000 tons (one hundred twenty-six thousand tons).

Starting price is 2,100,000 VND/ton, step price is 50,000 VND/ton, deposit: (starting price x quantity of sugar registered for import tariff quota allocation) x 10%.

The application for allocation of import tariff quota for sugar in 2024 by auction method is implemented according to the provisions of the Notice.

The time for receiving documents is calculated according to the date of the incoming document of the Ministry of Industry and Trade, from 8:00 a.m. on August 29, 2024 to 5:00 p.m. on September 10, 2024.

Previously, the 2023 sugar import tariff quota allocation session by auction was successful with 107,000 tons of sugar allocated to 8 traders.

For detailed information on the organization of the allocation of sugar import tariff quotas in 2024 by auction method, see here.

Source: https://congthuong.vn/bo-cong-thuong-to-chuc-phan-giao-han-ngach-thue-quan-nhap-khau-duong-nam-2024-theo-phuong-thuc-dau-gia-341877.html