Circular No. 07/2011/TT-BTC guiding the application of preferential import tax rates for certain goods under subheading 2710 in the Preferential Import Tariff Schedule.

CIRCULAR

GUIDELINES FOR IMPLEMENTING THE RATE OF PREFERENTIAL IMPORT DUTY

ON CERTAIN GOODS BELONGING TO SUBHEADING 2710 IN THE PREFERENTIAL IMPORT TAX SCHEDULE

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BASED ON THE LAW ON EXPORT TAXES AND IMPORT TAXES NO. 45/2005/QH11 dated June 14, 2005;

BASED ON RESOLUTION NO. 295/2007/NQ-UBTVQH12 dated September 28, 2007 OF THE STANDING COMMITTEE OF THE NATIONAL ASSEMBLY ON THE ISSUANCE OF THE EXPORT TAX SCHEDULE ACCORDING TO THE LIST OF COMMODITY GROUPS SUBJECT TO TAXATION AND THE TAX RATES FRAMEWORK FOR EACH COMMODITY GROUP, AND THE PREFERENTIAL IMPORT TAX SCHEDULE ACCORDING TO THE LIST OF COMMODITY GROUPS SUBJECT TO TAXATION AND THE FRAMEWORK OF PREFERENTIAL TAX RATES FOR EACH COMMODITY GROUP;

Pursuant to Decree No. 87/2010/NĐ-CP dated August 13, 2010 of the Government providing details on the implementation of certain provisions of the Export and Import Tax Law;

Pursuant to the Government Decree No. 187/2013/NĐ-CP dated November 20, 2013 detailing the implementation of the Law on Commerce regarding international trade activities and foreign-related agency purchase, sale, processing, and transit of goods;

Pursuant to the Decree No. 118/2008/NĐ-CP dated November 27, 2008 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;

BASED ON THE LETTER NO. 837/BTC-CST DATED JANUARY 19, 2010 FROM THE MINISTRY OF FINANCE, THE MINISTRY OF FINANCE GUIDES THE IMPLEMENTATION OF THE RATE OF PREFERENTIAL IMPORT DUTY ON CERTAIN GOODS BELONGING TO SUBHEADING 2710 IN THE PREFERENTIAL IMPORT TAX SCHEDULE AS FOLLOWS:

ARTICLE 1. RATE LEVEL

ADJUST THE RATE OF PREFERENTIAL IMPORT DUTY ON CERTAIN GASOLINE AND DIESEL PRODUCTS BELONGING TO SUBHEADING 2710 AS SET OUT IN THE PREFERENTIAL IMPORT TAX SCHEDULE INTO A NEW RATE OF PREFERENTIAL IMPORT DUTY AS SET OUT IN THE ANNEX TO THIS CIRCULAR.

Article 2. Effective Date

THIS CIRCULAR TAKES EFFECT FROM THE DATE OF ISSUE AND REPLACES CIRCULAR NO. 213/2010/TT-BTC DATED DECEMBER 22, 2010 OF THE MINISTRY OF FINANCE GUIDING THE IMPLEMENTATION OF THE RATE OF PREFERENTIAL IMPORT DUTY ON CERTAIN GOODS BELONGING TO SUBHEADING 2710 IN THE PREFERENTIAL IMPORT TAX SCHEDULE.