The Ministry of Industry and Trade extends the investigation against tax evasion with cane sugar for another 2 months
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The Ministry of Industry and Trade has just issued Decision No. 943/QD-BCT extending the time limit for investigating and applying anti-evading measures. trade defense for some cane sugar products 2 more months.
Previously, on September 21, 2021, the Ministry of Industry and Trade issued Decision No. 2171/QD-BCT investigating the application of measures to prevent evasion of trade remedies for a number of cane sugar products.
During the investigation, the Ministry of Industry and Trade received many opinions from relevant parties on various aspects of the case. In order to ensure that the investigation is conducted in a comprehensive, objective manner, fully evaluate the information provided by the parties concerned, based on Article 82 of Decree 10/2018/ND-CP detailing a number of Article of the Law on Foreign Trade Management on trade remedies.
On May 16, 2022, the Ministry of Industry and Trade issued Decision No. 943/QD-BCT extending the time limit for investigating the application of anti-circumvention measures to some cane sugar products by 02 more. months, according to which the deadline for the investigation of the case to end is July 21, 2022.
Recently, the Vietnam Sugarcane Association cited data from the General Department of Customs showing that in the first quarter of 2022, imported sugar from ASEAN countries (Cambodia, Laos, Malaysia, Indonesia, Myanmar) into Vietnam has been recorded. significantly increased compared to the same period last year.
Specifically, in the first quarter of 2022, there was an unusual phenomenon when sugar imports spiked (an increase from 187,251 tons in 2021 to 391,468 tons in 2022, an increase of 209%), from ASEAN countries with high production levels. equivalent or lower road to Vietnam. The above imports are all using the ATIGA Agreement to enjoy the preferential tax rate of 5%.
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