Decision No. 120/2001/QD-BTC amends the preferential import tariff rate for certain petroleum products and oils derived from bituminous mineral substances, effective from November 28, 2001.
Key points
- Goods belonging to Group 2710 → new tariff rates: Aviation kerosene (15%), Solvent gasoline (10%), Other types of gasoline (80%), Diesel (45%), Fuel oil (15%), Aircraft fuel (25%), Common fuel oil (35%), Naptha, Reformate, and other preparations for blending gasoline (80%), Condensate and similar products (60%), Others (10%)
- This Decision takes effect from November 28, 2001, for submitted import declarations.
- Previous regulations contrary to this Decision are abolished.
- The tariff rates applicable to each item are specified in the tariff table.
🌐 Social impact of this document
- Citizens and businesses will be affected by import costs, particularly for petroleum products with high tariff rates.
- Businesses need to adjust their import plans to align with the new tariff rates.
❓ Frequently asked questions
What is the new tariff rate for aviation kerosene?
The new tariff rate for aviation kerosene is 15% according to Decision No. 120/2001/QD-BTC.
On what date does this decision take effect?
This Decision takes effect from November 28, 2001, for submitted import declarations.
What were the previous regulations like?
Previous regulations contrary to this Decision are abolished and are no longer in effect.
What is the highest tariff rate?
The highest tariff rate is 80%, applied to Other types of gasoline and Naptha, Reformate, and other preparations for blending gasoline.
Which goods have the lowest tariff rates?
The goods subject to the lowest tariff rates are Fuel oil at 15%, Solvent gasoline (10%), and Common fuel oil (35%).
Full text
DECISION
REGARDING THE AMENDMENT AND SUPPLEMENTATION OF THE NAME AND RATE OF DUTY FOR ITEMS IN GROUP 2710 in the List of Preferential Import Tariffs
______________
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 tariff rate framework stipulated in the Import Tariff Schedule according to the List of Taxable Commodity Groups issued together with Resolution No. 63/NQ-UBTVQH10 dated October 10, 1998 of the Standing Committee of the National Assembly, Tenth Session;
BASED ON Article 1 of Decree No. 94/1998/ND-CP dated November 17, 1998 of the Government detailing the implementation of the Law Amending and Supplementing Certain Provisions of the Law on Export Tax, Import Tax No. 04/1998/QH10 dated May 20, 1998;
At the proposal of the Director General of the General Department of Taxation;
DECISION:
Article 1: AMENDING THE RATE OF PREFERENTIAL IMPORT DUTY FOR CERTAIN ITEMS IN GROUP 2710 AS STATED IN Decision No. 115/2001/QD-BTC dated November 15, 2001 of the Minister of Finance TO NEW RATES OF PREFERENTIAL IMPORT DUTY AS FOLLOWS:
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Code Number |
Description of Group, Item |
Tax Rate (%) |
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Group |
Subgroup |
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1 |
2 |
3 |
4 |
5 |
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2710 |
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Crude petroleum and other oils obtained from bituminous minerals, except in crude form; preparations not specified or included elsewhere containing crude petroleum and other oils obtained from bituminous minerals in a proportion of 70% or more, which are basic components of such preparations |
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- Various types of gasoline: |
|
|
2710 |
00 |
11 |
- AVIATION GASOLINE |
15 |
|
2710 |
00 |
12 |
-- Solvent gasoline |
10 |
|
2710 |
00 |
19 |
-- Other types of gasoline |
80 |
|
2710 |
00 |
20 |
- Diesel |
45 |
|
2710 |
00 |
30 |
- Kerosene |
15 |
|
2710 |
00 |
40 |
- Aviation fuel (TC1, ZA1...) |
25 |
|
2710 |
00 |
50 |
- Ordinary fuel oil |
35 |
|
2710 |
00 |
60 |
- Naptha, Reformate and other preparations for blending gasoline |
80 |
|
2710 |
00 |
70 |
- Condensate and similar preparations |
60 |
|
2710 |
00 |
90 |
- Other |
10 |
Article 2: THIS DECISION SHALL TAKE EFFECT AND BE APPLIED TO IMPORT DECLARATIONS SUBMITTED TO CUSTOMS AUTHORITIES FROM NOVEMBER 28, 2001. PREVIOUS PROVISIONS CONTRARY TO THIS DECISION ARE ABROGATED.
DEPUTY MINISTER
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