Legal basis

  • Decree No. 24/2012/ND-CP dated April 3, 2012 of the Government on management of gold business activities took effect on May 25, 2012.
  • Circular No. 16/2012/TT-NHNN dated May 25, 2012 of the Governor of the State Bank of Vietnam guiding a number of articles of Decree No. 24/2012/ND-CP dated April 3, 2012 of the Government on operations management gold trading. Effective date July 10, 2012.
  • Circular No. 38/2015/TT-NHNN dated December 31, 2015 amending and supplementing a number of articles of Circular No. 16/2012/TT-NHNN dated May 25, 2012 of the Governor of the State Bank guiding a number of articles of Decree No. 24/2012/ND-CP dated April 3, 2012 of the Government on management of gold business activities

Subjects and authority:

  • Enterprises producing gold jewelry and fine arts need to import raw gold to serve the production of gold jewelry and fine arts.
  • Authority to receive documents: State Bank branches in provinces and cities transfer to the State Bank.
  • Results of implementing administrative procedures: License to import raw gold to produce gold jewelry and fine arts (Appendix 18 Circular 38/2015/TT-NHNN).
  • How to do it: Submit directly or by mail.

Procedure:

  • Step 1: Enterprises producing gold jewelry and fine arts that need to import raw gold to serve the production of gold jewelry and fine arts send 02 sets of application documents for a License to import raw gold to the Bank. State Bank branches in provinces and cities
  • Step 2: Within 20 working days from the date of receiving complete and valid documents from the enterprise, the State Bank branch in provinces and cities sends documents requesting consideration of licensing of the enterprise and documents of the enterprise. The State Bank branch has opinions on whether or not enterprises are eligible for licensing to the State Bank of Vietnam (Foreign Exchange Management Department).
  • Step 3: Within a maximum of 17 working days from the date of receipt of the application file from the State Bank branch in the province or city, the State Bank of Vietnam sends a written notification of approval or refusal of the license to State Bank branches in provinces and cities.
  • Step 4: Within 03 working days from the date of receipt of the written notification from the State Bank of Vietnam, the State Bank branch in the province or city shall issue or refuse to issue (specify reasons) Import Permit importing raw gold to produce gold jewelry and fine arts (according to the form in Appendix 18 of Circular 38/2015/TT-NHNN).

Profile components:

Application for a License to import raw gold;

  • Business registration certificate;
  • Certificate of eligibility for gold jewelry and fine arts production.
  • Report on the import of raw gold and production of fine art gold jewelry of the enterprise within the 12 (twelve) months immediately preceding the reporting time, accompanied by a list of gold import customs declarations and bills. Deduction with confirmation from Customs.
  • Report on the implementation of legal regulations on quality management of gold jewelry and fine arts circulating on the market within 12 (twelve) months immediately preceding the time of application submission, including a clear report. Implementation of announcement of applicable standards and labeling for gold jewelry and fine arts.
  • Plan for gold jewelry and fine arts production of the enterprise.

Requirements and conditions for implementing administrative procedures:

  • The enterprise has a Certificate of eligibility for gold jewelry and fine art production issued by the State Bank.
  • The need to import raw gold is consistent with the gold jewelry and fine arts production plan and gold jewelry and fine arts processing contracts with foreign countries. And Do not violate the provisions of law on the management of gold business activities, the provisions of law on the management of the quality of gold jewelry and fine arts circulating on the market within the preceding 12 (twelve) months. before the time of application and until the time of granting the license to import raw gold.

Time limit for resolving procedures

  • 40 working days from the date of receiving complete and valid documents from the enterprise, the provincial branch of the State Bank of Vietnam sends a request for consideration of granting a License to import raw gold for the production of gold jewelry and fine arts to the State Bank of Vietnam. Vietnam.

Above are some instructions on procedures for applying for a gold import-export license for businesses to process. For details, please contact contact@trustconsulting.vn or a lawyer at inco Minh Anh Law Company Limited for advice..