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Circular 56-Sbv/tt: License Enforcement Guide 112/ct On 12/4/1991 Hđbt About The Payment Of Import And Export Goods And Provision Of Services Of The Organizations Make The Agreement Stick Your ...

Original Language Title: Thông tư 56-NHNN/TT: Hướng dẫn thi hành QĐ 112/CT ngày 12/4/1991 của Chủ tịch HĐBT về việc thanh toán hàng xuất nhập khẩu và cung ứng dịch vụ của các tổ chức kinh tế thực hiện Hiệp định thanh toá...

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CIRCULAR of the STATE BANK of VIETNAM passed decision No. 112/Ct on 12 April 1991 by the President of the Council of Ministers regarding the payment of import and export goods and provision of services of economic institutions taken between the clearing agreement (clearing) signed by the Government with other Governments make decisions No. 112/CT on 12-4-1991 the President of the Council of Ministers on the mechanism of payment of import and export goods and supplying services under the agreement between our country with foreign, after exchanging United with the State Planning Commission, Ministry of finance, Ministry of Commerce, the Governor of the State Bank guide the export payment according to the 1991 agreement as follows : I-GENERAL PROVISIONS 1. Going forward the credentials to the Bank for foreign trade of Vietnam is responsible for organizing the payment of import and export under the agreement or the Protocol between the Government of Vietnam with foreign right with the regulation of the Council of Ministers and this circular.
2. The Bank for foreign trade of Vietnam signed the agreement with foreign banks on payment practices consistent with the agreement or the Protocol in foreign currency agreed upon by the Clearing account.
3. The Bank for foreign trade of Vietnam just made the payment Clearing the value of imported goods and provision of services by category due to The commercial message. So, stand on vouchers for payment of goods, services, the owners need to seal "the 1991 agreement". The goods and services outside this category or not stamped as said above shall apply to other payment forms.
4. The Bank of foreign trade are responsible for the purchase of foreign exchange earning through paid account Clearing and selling of foreign currencies for imports under this payment method.
5. Rates applied in payment of import and export of goods and services according to the exchange rate announced by the Bank at the time of payment.
 
II-IMPORT And EXPORT PAYMENT MECHANISMS And DOMESTIC CAPITAL 1. The payment of export goods and supplying services under the agreement made at the Bank for foreign trade of Vietnam and the Bank branch of foreign trade under the guidance of the Director General of the Bank for foreign trade of Vietnam.
2. The payment of imported goods and payment of services under the agreement just made at the Bank for foreign trade of Vietnam.
3. Within three working days from the date of export of owner identification to the Bank, if the full documentation and in accordance with the provisions of the commercial contract and agreement between the two banks, the Bank for foreign trade of Vietnam is responsible for full payment for the shippers export value and service in Vietnam. In that period, if the voucher is not suitable, then the Bank should immediately notify owners know to solve. If the bank payment chễ his fault shall be subject to sanctions as defined in point 5 of part II of this circular.
4. import Owners have to be responsible enough copper to Vietnam capital worries of foreign exchange to import, if lack of capital could lend the Vietnam foreign trade Bank, another commercial bank, or the Bank of investment and development according to the applicable credit regime. Banks need to meet priority needs, capital of the unit for implementation of the export targets under the accord. If commercial banks have difficulty funding cannot overcome, they must report to the Governor of the State Bank.
Import owners need capital fully prepared to implement commercial contracts. Within 7 working days (from the date the Bank for foreign trade of Vietnam sent debt newspaper paper) imports are responsible for full payment for the sales value of the imported goods. Too defined period if the owners do not have or cannot afford to pay the seller shall incur a penalty as specified in point 5 of part II of this circular.
5. The Bank or payment if imports chễ his fault triggers will be fined 0.2% per day on the amount of slow payment (calculated on the amount of money equivalent to Vietnam). If the payment on a 30-day delay, then the fine is 0.3% on the amount of slow payment. The Bank for foreign trade need separate accounting of penalties (currency, chi) to settlement with the State Bank.
6. The Bank for foreign trade of Vietnam reported the Governor of the State Bank of Vietnam (via Foreign Exchange Management Service) import-export payments situation according to each agreement Clearing the form border song in the Appendix of this circular.
April report (slow as 7 days early the following month).
Quarterly report (slowest first quarter after 10 days).
Report year (at the latest 15 days after the beginning of the year) the quick report on the 5, 10, 15, 20, 25 and 30 monthly on the Clearing account balance.
In addition to periodic reports, when necessary, State Bank Governor will ask the Director General of the Bank for foreign trade of Vietnam reported according to specific requirements.
7. guarantee State Bank Vietnam money capital to buy the foreign currency earned through the export of according to method of payment Clearing.
The central State Bank to open a foreign currency deposit account at the Clearing Bank for foreign trade of Vietnam for the payment of export and import by method of Clearing.
When banks buy foreign currency and pay shippers for Vietnam to export khầu: a) In commercial bank accounting: account Debt bank deposits at the foreign trade Bank (bronze).
Having the customer's deposit account for export (in bronze), and record the payment account: debt Clearing with abroad (in foreign currency).
Foreign currency deposit account Clearing of State Bank (in foreign currency).
b) In Bank accounting: debt foreign currency deposit account at the Clearing Bank for foreign trade.
Have account deposits of the Bank for foreign trade of Vietnam at the State Bank.
When the Bank sells foreign currency and currency of Vietnam money imports: a) In commercial bank accounting: debt account of imports.
There are accounts of the foreign trade Bank at the Bank.
At the same time: debt foreign currency deposit account Clearing of State Bank.
Have your payment account Clearing with foreign countries.
b) In Bank accounting: account Debt of commercial bank deposits at the Bank.
Foreign currency deposit account Clearing of State Bank.
The payment of exported goods, services at the foreign trade Bank branch last October was transferred by telex on the central Vietnam commercial bank for payment with Bank Accounting Services the same day.
Every day when the documents are related to the payment of import and export goods and services according to the method of Clearing, the Bank for foreign trade of tight control and timely payment procedures with the State Bank in October.
Monthly foreign trade Bank with Service accounting made against the deposit accounts data Clearing and handling the difference (if any).
8. This circular enforced since 1 January 1991. The Director General of the foreign trade Bank, the Office of the Governor, the Director of the Service of the State Bank in the scope of their functions implementation of this circular.
The implementation process if there is difficulty, stuck in mứu need to report on the State Bank of Vietnam Governor to address.
Model No. 1 EXPORT BILLING STATEMENT UNDER the CLEARING AGREEMENT with the SOVIET UNION in 1991 (accompanied by circular No. ... day...,..., 1991), reports, quarterly, year name row in foreign currency (USD) By tiềnVN (copper) notes 1-2-3 Rice-crude oil and Tin 4-5 garments-agricultural products 6-frozen Meat 7-8-9 coffee rubber-repair vessels 10-total other goods on ... months ... in 1991 Established the Board Chief Director payment model No. 2

REPORT IMPORTS UNDER the PAYMENT CLEARING AGREEMENT with the SOVIET UNION in 1991 (accompanied by circular No. ... day...,..., 1991), reports, quarterly, year name row in foreign currency (USD) in cash (VND) notes 1-2-3 iron and steel petrol-chemical fertilizer 4-5-6-7 automotive fiber Cotton-machinery , equipment, spare parts and other Goods On a total of 8 ..., ... in 1991 Established the table payment Manager Director