Circular No. 05/2010/TT-BCT amends and supplements the list of raw materials for production, spare parts, and components exempted from import tax as stipulated in Decree No. 149/2005/NĐ-CP. This Circular applies to organizations and individuals involved in importing raw materials for production.
Scope of application
Organizations and individuals engaged in importing raw materials for production, spare parts, and components.
Key points
- Organizations and individuals are exempted from import tax on initial raw materials that have not been shaped for producing composite materials, various types of lightweight building materials, and rare materials (Article 1, Clause 1, Point a).
- Organizations and individuals are exempted from import tax on glass fibers, post-fiber products, and plastic pellets for producing composite materials (Article 1, Clause 1, Point a).
- Organizations and individuals are exempted from import tax on additives (Article 1, Clause 1, Point a).
🌐 Social impact of this document
- Reducing input costs for enterprises producing composite materials and various types of lightweight building materials, enhancing the competitiveness of domestic products.
- Strengthening the supply of raw materials for the manufacturing industry, contributing to local economic development.
❓ Frequently asked questions
Which enterprises benefit from this circular?
Organizations and individuals engaged in importing raw materials for production such as composite materials, various types of lightweight building materials, glass fibers, plastic pellets for producing composite materials, and additives.
What raw materials are exempted from import tax under this circular?
Initial raw materials that have not been shaped for producing composite materials, various types of lightweight building materials, glass fibers, post-fiber products, and plastic pellets for producing composite materials, and additives.
When does this circular take effect?
This Circular takes effect from March 7, 2010 (Article 2).
What should enterprises do to take advantage of the benefits from this circular?
Organizations and individuals need to identify raw materials for production included in the list of exempted import taxes under this Circular and adjust their import plans accordingly.
Who will handle any issues encountered during implementation?
Organizations and individuals related to the matter should report to the Ministry of Industry and Trade for timely resolution (Article 2).
Full text
CIRCULAR
Amending and supplementing Circular No. 02/2007/TT-BTM dated February 2, 2007 of the Ministry of Trade on detailed classification of production materials, supplies, and spare parts exempted from import tax as prescribed in Clause 15, Article 16 of Decree No. 149/2005/NĐ-CP dated December 8, 2005 of the Government detailing the implementation of the Law on Export Tax and Import Tax.
Detailed classification of production materials, supplies, and spare parts exempted from import tax as prescribed in Clause 15, Article 16 of Decree No. 149/2005/NĐ-CP dated December 8, 2005 of the Government detailing the implementation of the Law on Export Tax and Import Tax.
Based on Decree No. 149/2005/NĐ-CP dated December 8, 2005 of the Government detailing the implementation of the Law on Export Tax and Import Tax;
The Minister of Industry and Trade amends and supplements some contents of Circular No. 02/2007/TT-BTM dated February 2, 2007 of the Ministry of Trade on detailed classification of production materials, supplies, and spare parts exempted from import tax as prescribed in Clause 15, Article 16 of Decree No. 149/2005/NĐ-CP dated December 8, 2005 of the Government detailing the implementation of the Law on Export Tax and Import Tax as follows:
Article 1. Amendments and Supplements
__________________
Pursuant to Decree No. 189/2007/ND-CP dated December 27, 2007, issued by the Government, detailing the functions, tasks, powers, and organizational structure of the Ministry of Industry and Trade;
Amend and supplement Point a, Clause 1, Section A, Part II as follows:
Pursuant to Decree No. 108/2006/NĐ-CP dated September 22, 2006 of the Government detailing and guiding the implementation of certain provisions of the Investment Law;
"a) Production of composite materials, various lightweight building materials, and rare materials:
- Initial raw materials not yet shaped for producing composite materials, various lightweight building materials, and rare materials;
- Glass fibers, post-fiber products, and plastic pellets for producing composite materials;
- Various additives."
Article 2. Effective Date
This Circular takes effect from March 7, 2010.
Article 3. Implementation
Article 2. Effective Date
In the course of implementation, if any difficulties arise, organizations and individuals concerned shall report to the Ministry of Industry and Trade for timely resolution./.
During implementation, if any difficulties arise, relevant organizations and individuals shall report to the Ministry of Industry and Trade for timely resolution./.
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