As many as 14 companies benefit from the pilot application of customs preferences towards enterprises under Circular No.63/2011/TT-BTC issued by the Ministry of Finance. Photo lamthutuchaiquan.com

HA NOI (Biz Hub) — Rules governing the right to become a preferential enterprise by the Customs Department will be provided in an online exchange organised by Hai Quan (Customs) newspaper from 9-11am on Tuesday on www.baohaiquan.vn

A pilot programme on preferences involving 14 local and foreign direct investment companies with authorised economic operator (AEO) recognitions reduced customs clearance times to 10 minutes from two hours.

The online exchange will focus on new regulations on the amended tax administration law which came into effect on July 1; a draft of new circular replacing Circular No. 63/2011/TT-BTC and Circular No. 105/2011/TT-BTC on preferential enterprises; new policies relating to conditions to be recognised as preferential enterprises; rights and responsibilities of preferential enterprises; development orientation on preferential enterprises.

The pilot application of customs preferences towards enterprises was implemented over two years under Circular No. 63/2011/TT-BTC, issued by the Ministry of Finance.

Enterprises receiving preferential treatment must meet seven conditions following article 4 of the circular. Among them enterprises must have installed processes to comply with laws on customs, tax, trading and investment.

Those who will give readers information online are Nguyen Duong Thai, deputy general director of the General Department of Customs, and Le Thu, deputy head of the Department of Investigation under the General Department of Customs. — VNS