1. Concept of C/O form VC
C/O form VC is a document used for exported goods from Vietnam and Chile. Accordingly, goods exported to this market will enjoy preferential tariffs under the Vietnam-Chile Free Trade Area Agreement (VCFTA).
Basically, Vietnamese goods use C/O form VC when they meet one of the following criteria:
- Goods have pure origin in Vietnam or are produced 100% in Vietnam.
- Fully meets the general origin criteria of the goods.
- Manufactured in Vietnam (manufactured from raw materials originating in Vietnam or Chile).
In addition to the specific provisions above, the Circular also regulates the procedures for registering trader profiles, C/O application documents, and the process and deadline for issuing C/O forms at C/O issuing organizations. of the Ministry of Industry and Trade.
2. Application for issuance of C/O form VC
Basically, the procedure for issuing C/O form VC will include a number of necessary documents as follows:
- The application for a certificate of origin is completely declared.
- C/O form VC is completed in accordance with regulations.
- Notarized copy of customs declaration (if the goods do not need customs declaration, this document does not need to be submitted)
- Notarized copy of commercial invoice.
- Bill of lading or equivalent transport document (fully notarized copy). C/O applicants may not be required to submit this document when the exported goods do not use a bill of lading or related documents.
- Declaration of exported goods meeting preferential or non-preferential origin criteria.
- Declaration of origin of the manufacturer and supplier of domestically sourced materials. Applicable in cases where the goods are used in the next stage to produce another type of goods.
- Notarized copy of the most detailed production process of goods.
- Other documents.
Note: C/O form VC will be valid within 12 months from the date it is issued by the C/O issuing organization.
3. Form C/O form VC