Decision No. 117/2001/QD/BTC On the issuance of import tax valuation prices for two-wheeled motorbike spare parts kits

Pursuant to …;

Regarding the issuance of the import tax valuation price for two-wheeled motorcycle spare parts kits

THE MINISTER OF FINANCE

Pursuant to Decree No. 15/CP dated March 2, 1993 of the Government on the tasks, powers, and responsibilities for state management of ministries and ministerial-level agencies;

BASED ON DECREE NO. 178/CP DATED OCTOBER 28, 1994 OF THE GOVERNMENT ON THE TASKS, POWERS AND ORGANIZATIONAL STRUCTURE OF THE MINISTRY OF FINANCE;

Pursuant to the authority and principles for determining export tax and import tax valuation prices as stipulated in Article 7 of Decree No. 54/CP dated August 28, 1993 of the Government detailing the implementation of the Law on Export Tax and Import Tax;

Pursuant to the guidance of the Prime Minister regarding domestic production policy for two-wheeled motorcycles with engines as stated in Circular No. 938/CP-KTTH dated October 18, 2001 of the Government;

At the proposal of the Director General of the State Revenue总局局长的提议；

DECISION:

Article 1: Issuing the import tax valuation price for complete two-wheeled motorcycle spare parts kits as follows:

I. Honda brand:

- 50 cc type            600 (USD/set)

- 70 cc, 90 cc type            750 (USD/set)

- 100 cc, 110 cc type            900 (USD/set)

- 125 cc and above type            1200 (USD/set)

II. Yamaha, Suzuki brands:

- 50 cc type            530 (USD/set)

- 70 cc, 90 cc type            630 (USD/set)

- 100 cc, 110 cc type            780 (USD/set)

- 125 cc and above type            1030 (USD/set)

III. Piaggio brand:

- 50 cc type            620 (USD/set)

- 70 cc, 90 cc type            780 (USD/set)

- 100 cc, 110 cc type            980 (USD/set)

- 125 cc and above type            1230 (USD/set)

IV. Minsk brand:            400 (USD/set)

V. Other brands:

Of Chinese origin:

- 50 cc type            320 (USD/set)

- 70 cc, 90 cc type            370 (USD/set)

- 100 cc, 110 cc type            450 (USD/set)

- 125 cc and above type            650 (USD/set)

For spare parts kits of other origins, the import tax valuation price shall be calculated at 130% of the price of spare parts kits of Chinese origin.

VI. For spare parts kits of two-wheeled motorcycles with engine capacities not listed above, the import tax valuation price shall be determined based on the price of the nearest capacity category. In cases where the capacity falls between two specified categories, the import tax valuation price shall be based on the lower capacity category.

Article 2: The import tax valuation price for incomplete spare parts kits of two-wheeled motorcycles shall be determined based on the import tax valuation price of complete spare parts kits of two-wheeled motorcycles as specified in Article 1 above. Specifically:

- For incomplete spare parts kits with localization rates from over 20% to 30%, the import tax valuation price shall be 70% of the price of complete spare parts kits.

- For incomplete spare parts kits with localization rates from over 30% to 40%, the import tax valuation price shall be 60% of the price of complete spare parts kits.

- For incomplete spare parts kits with localization rates from over 40% to 50%, the import tax valuation price shall be 50% of the price of complete spare parts kits.

- For incomplete spare parts kits with localization rates from 50% to 60%, the import tax valuation price shall be 40% of the price of complete spare parts kits.

- For incomplete spare parts kits with localization rates from over 60% to 80%, the import tax valuation price shall be 30% of the price of complete spare parts kits.

- For incomplete spare parts kits with localization rates over 80%, the import tax valuation price shall be 15% of the price of complete spare parts kits.

Article 3: In cases where enterprises importing incomplete spare parts kits of two-wheeled motorcycles enjoy preferential tax policies and the contract price does not fall below the prescribed import tax valuation price, the import tax valuation price shall be the actual payment price stated in the foreign trade contract.

Article 4: Enterprises with foreign investment capital importing incomplete spare parts kits of two-wheeled motorcycles for domestic production and assembly shall apply the import tax valuation price as stipulated in Article 59 of Decree No. 24/2000/NĐ-CP dated July 31, 2000 of the Government detailing the implementation of the Law on Foreign Investment in Vietnam.

Article 5: This Decision takes effect and applies to import declarations submitted to customs authorities from January 1, 2002. Previous regulations contrary to this Decision are hereby abolished.