Circular No. 12/2013/TT-BTC amends the preferential import tariff rate for steel wire without alloy under HS code 7217.10.39 in the Preferential Import Tariff Schedule, to be applied from March 7, 2013.
Scope of application
Steel wire without alloy importer
Key points
- Steel wire without alloy under HS code 7217.10.39 has its preferential import tariff rate amended from the old rate to 3% (Article 1).
- Steel wire for trellis, sash cord, flat rolled wire coil, prestressed wire, and easily machinable wire under HS code 7217.10.31 are exempt from import tax (Article 1).
- Other types of steel wire under HS code 7217.10.39 have a preferential import tariff rate of 3% (Article 1).
- Steel wire without alloy containing carbon content of 0.6% or more under HS code 7217.10.31 are exempt from import tax (Article 1).
- Other types of steel wire under HS code 7217.10.29 have a preferential import tariff rate of 10% (Article 1).
🌐 Social impact of this document
- Reduce financial burden for enterprises importing steel wire without alloy.
- Increase competitiveness of domestic and international products.
- Impact on state budget from import tax revenue.
❓ Frequently asked questions
What is the new preferential import tariff rate for steel wire without alloy under HS code 7217.10.39?
The new rate is 3% (Article 1).
Which items under HS code 7217.10.31 are exempt from import tax?
Steel wire for trellis, sash cord, flat rolled wire coil, prestressed wire, and easily machinable wire (Article 1).
What is the new preferential import tariff rate for other types of steel wire under HS code 7217.10.29?
The new rate is 10% (Article 1).
When does this circular take effect?
From March 7, 2013 (Article 2).
Full text
CIRCULAR
Amending the preferential import tariff rate for non-alloy steel wire products with HS code 7217.10.39 in the Preferential Import Tariff ScheduleIn accordance with Resolution No. 295/2007/NQ-UBTVQH12 dated September 28, 2007 of the Standing Committee of the National Assembly on the issuance of the Export Tariff Schedule according to the list of taxable goods categories and tax rates applicable to each category, and the Preferential Import Tariff Schedule according to the list of taxable goods categories and preferential tax rates applicable to each category;
_______________________
Pursuant to the Law on Export Tax and Import Tax dated June 14, 2005;
The Director of the Tax Policy Department,
Pursuant to Decree No. 87/2010/NĐ-CP dated August 13, 2010 of the Government detailing certain provisions of the Law on Export Duties and Import Duties;
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;
At the proposal of amends the preferential import tariff rate for non-alloy steel wire products with HS code 7217.10.39 in the Preferential Import Tariff Schedule.
Article 1. Amending and supplementing some articles of Circular No. 21/2023/TT-BTTTT dated December 31, 2023 of the Ministry of Information and Communications on functions and technical features of the Administrative Procedure Handling Information System at the ministerial and provincial levels (hereinafter referred to as Circular No. 21/2023/TT-BTTTT) as follows: The Ministry of Finance issues Circular Amends the preferential import tariff rate for non-alloy steel wire products with HS code 7217.10.39 in the Preferential Import Tariff Schedule according to the List of Taxable Goods attached as Appendix II issued by Circular No. 193/2012/TT-BTC dated November 15, 2012 of the Ministry of Finance on the Export Tariff Schedule and the Preferential Import Tariff Schedule according to the list of taxable goods as follows:
Article 1. Amending the rate of the import duty ad valorem
Wire of iron or non-alloy steel.
|
Goods code |
Description of goods |
Tax Rate (%) |
|
72. 17 |
- Not coated or plated, whether or not polished: |
|
|
7217. 10 |
- Carbon content below 0.25% by weight |
|
|
7217. 10.10 |
- Carbon content from 0.25% to less than 0.6% by weight |
15 |
|
Spiked wire; flat steel wire coils; prestressed steel wire; easily machinable steel wire |
||
|
7217. 10.22 |
Other |
0 |
|
7217. 10.29 |
- Carbon content 0.6% or more by weight |
10 |
|
Steel wire for trellis; spiked wire; flat steel wire coils; prestressed steel wire; easily machinable steel wire |
||
|
7217. 10.31 |
Other |
0 |
|
7217. 10.39 |
This Circular takes effect from March 7, 2013./. |
3 |
Article 2. Effective Date
This Circular takes effect from March 7, 2013./.
DEPUTY MINISTER
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