CIRCULAR guide supports the Bank loan interest rates to buy temporarily stored paddy rice, winter-spring 2011-2012 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ pursuant to Decree No. 118/2008/ND-CP on November 27, 2008 of the Government functions, tasks, powers and organizational structure of the Ministry of finance;
Pursuant to decision No. 287/QĐ-TTg dated 9/3/2012 of the Prime on the purchase temporarily stored paddy rice, winter-spring 2011-2012;
After the reunification with the State Bank of Vietnam in no. 1848/NHNN-TD on 30/3/2012;
Proposal of the Director General corporate finance;
The Minister of Finance issued a circular about the support the Bank loan interest rates to buy temporarily stored grains, winter-spring rice in 2011-2012.
Article 1. Scope and object applied to this circular applies to the traders made buy paddy rice, hosting temporary winter-spring 2011-2012 are delivered fertilizers Vietnam food Association as defined in article 2 of decision No. 287/QĐ-TTg dated 9/3/2012 of the Prime Minister.
Article 2. The principle of considering the support the Bank loan interest rates to buy paddy rice, 1 storage temp. State budget support 100% loan interest rates at commercial banks for traders in the object as defined in article 1 of this circular to buy paddy rice, hosting temporary winter-spring 2011-2012 according to the direction of the Prime Minister's decision No. 287/QĐ-TTg dated 9/3/2011.
2. The loan interest assistance loan repayment before and during the term at the time supported the interest, not the interest rate support for the overdue loans.
3. The amount of paddy, rice supported the interest for each business according to the number of grains of rice to the fact businesses buy to temporarily store but do not exceed the maximum quantity specified in the text segment delivered only temporary storage of paddy rice, buying winter-spring 2011-2012 of the Vietnam food Association.
4. temporary storage purchase time from 15/3/2012 to 30/4/2011.
5. temporary storage time is the time a temporary fact during the period from 15/3/2011 to 15/6/2012.
6. Time aided Bank loan interest rates is the temporary storage period calculated from the actual time of purchase paddy, rice as specified in paragraph 4 of this Article to the point of selling paddy, rice temporarily stored but not too time limit on 15/6/2012.
7. The price for the calculation of interest rate support is the actual purchase price according to the market price (excluding value added tax) for each type of grains of rice. The case of traders buy the raw material rice to produce the finished rice processing, the price to support including the production costs of processing.
The grounds for determining the purchase price according to the actual market value is sales, liquidation of the contract goods, warehousing, invoice, remittance voucher or other relevant documents by the traders to present.
8. The interest rate is the interest rate support the traders Bank loans under a credit contract but must not exceed 14% per year under the guidance of the State Bank of Vietnam in no. 1479/NHNN-TD on 14/3/2012.
9. Account Bank loan interest rate support from the State budget for the number of grains of rice purchased by the interim Prime Minister's direction was accounting on other income and business income taxable under current rules.
Article 3. Profile, procedures to support Bank loan interest rates to buy temporarily stored grains, rice 1. Records to consider supporting a bank loan interest), suggested The State budget support loan interest rates the Bank of traders to purchase paddy rice storage temp. Private dispatch suggest support of Northern food Corporation and the South food General company needs General support of the membership in the Corporation.
b) A copy of the credit contract between merchant and commercial banks where loan trader on the Bank loan traders to buy temporarily stored paddy rice, winter-spring 2011-2012 under the direction of the Prime Minister specified in decision No. 287/QĐ-TTg dated 9/3/2011.
c) lists import, export, purchase grain inventory temporarily in storage. Statements must be certified by the Department of industry and trade, where traders have temporary storage warehouse of paddy rice under the form of attachment 1 of this circular.
The case traders deploy temporary grain storage acquisition, in many localities to establish lists import, export, purchase grain inventory temporarily stored by the local industrial and commercial Department's confirmation (where traders have temporary storage warehouse). The base table of the local industrial and commercial Departments, traders established lists general inventory, import, export, paddy, rice temporarily stored and is responsible for the accuracy of the figures.
d) lists of outstanding bank loans to buy paddy, rice temporarily stored and charged interest rates of bank loans incurred from the time of purchase as specified in clause 4 2 of this circular to the time of the export sale of not to exceed the time limit on 15/6/2012 (table must be certified by the leaders of the commercial bank loan traders place form number 2 attached to this circular).
interest calculation) loan the Bank buy paddy, rice temporarily stored supported proposal (in the form of 3 attached to this circular).
After receiving a full profile as defined above, during the 10 days, the Ministry of finance appraisal of records and procedures to support the interest for traders.
2. principles of receiving records and allocate funding support for a trader) for the Northern food Corporation and the South food General company: – the Ministry of Finance receives the General profile of the Northern food Corporation and the South food General company (not receiving the profile of a member in the Corporation). The evaluation of interest rate support profile was done once after the interim period end reserves and allocated through the accounts of the Corporation.
-Northern food Corporation and the South food General company guide the unit members to profile the Bank loan interest assistance and combined according to the provisions in clause 1 of article 3 of this circular sent the Ministry of finance. The Corporation is responsible for the accuracy of the figures have been aggregated.
After receiving funding support by the Ministry of Finance issued on account Of the company, during the 5 days Of the company perform again for the units member.
b) for the other traders: the Finance Ministry receiving record, evaluation of interest rate support records after the end of the interim period and allocated funding support through the merchant's account.
Article 4. The liability of the Organization, Government Agency relevant to assisting the Bank loan interest rates to buy temporarily stored grains, rice 1. The responsibilities of the ministries, the people's committees of provinces and cities under central and the Vietnam food Association in the implementation of temporary storage, rice paddy buy a) Ministry of agriculture and rural development, in coordination with the Ministry of industry and trade, the people's committees of provinces and cities under central has the winter-spring rice production and the Vietnam food Association oversees the make temporary, rice paddy storage purchase in accordance with the provisions of decision No. 287/QĐ-TTg dated 9/3/2012 of the Prime Minister.
b the State Bank of Vietnam) specifies a number of commercial banks made the loans to purchase paddy, rice temporarily stored.
c) committees of the provinces, the central city in winter-spring rice production has directed the Department of industry and trade to check, confirm lists import export, paddy rice, temporary inventory stored in close on the province of the trader was charged (including cases not traders based in the province).
d) Vietnam food Association is responsible for:-allocation of target paddy rice storage temporarily, buying for traders and ensure total paddy rice bought a temporary maximum 1,000,000 tons of reserves (a million tons) as defined in article 1 of decision No. 287/QĐ-TTg dated 9/3/2012 of the Prime Minister.
-Ministry of finance Submitted a list of the Traders Association has been tasked to purchase paddy, rice temporarily stored to track Finance Ministry as a basis to review the interest rate support for the traders as a rule.
-Check, supervise the buying organization paddy, rice temporarily stored for the traders as prescribed in decision No. 287/QĐ-TTg dated 9/3/2012 of the Prime Minister.
2. The responsibility of traders in buying paddy, rice temporarily store a) made interim, rice paddy storage purchases under the direction of the Prime Minister's decision No. 287/QĐ-TTg dated 9/3/2011 with the supervision of the Ministry of agriculture and rural development, Ministry of industry and trade, the province people's Committee , central cities have winter-spring rice production and the Vietnam food Association.
b) responsible for the authenticity of the import, export, paddy rice, inventory storage and temporary credit contracts to buy paddy, rice temporarily stored, and is responsible for the accuracy of the data reported in the records to suggest interest rate support.
c) retention of records and certificate from the import, export, bank loans and open the Windows policies follow separate accounting purchase temporarily stored grains of rice under the direction of the Prime Minister's decision No. 287/QĐ-TTg dated 9/3/2011.
d) responsible for business performance with the purchase of paddy, rice temporarily stored.
DD) responsible before the law if it violated the rules on financial accounting in interim storage implementation, rice paddy.
Article 5. Implementation of this circular are effective from the date of signing.
In the process if there are difficulties and obstacles, suggest these units reflect timely the Finance Ministry to guide the process./.