This Decision adjusts the list of goods and import duty rates applicable to tariff quotas, abolishing the duty rates for certain specific items such as milk, milk powder, corn, and cotton yarn. The Decision takes effect fifteen days after its publication in the Official Gazette.
Scope of application
Importers of goods subject to adjustment under this Decision
Key points
- Milk and milk powder not concentrated or containing added sugar (HS Code 0401, 0402) → abolish tariff quota duty rate → apply current statutory duty rate (Article 1)
- Corn (HS Code 1005) → abolish tariff quota duty rate → apply current statutory duty rate (Article 1)
- Unbleached cotton yarn or bleached cotton yarn (HS Code 5201, 5202, 5203) → abolish tariff quota duty rate → apply current statutory duty rate (Article 1)
- Goods subject to adjustment under this Decision → apply import duty rates according to current statutory provisions (Article 2)
- This Decision takes effect fifteen days after its publication in the Official Gazette
🌐 Social impact of this document
- Importers of goods subject to adjustment must apply the current statutory duty rates instead of the previous tariff quotas
- Enterprises producing and trading in milk, milk powder, corn, and cotton yarn may face difficulties when importing raw materials at higher tax rates
- Consumers may be affected by increased prices of these goods
❓ Frequently asked questions
Which goods have their tariff quota duty rates abolished?
Milk and milk powder (HS Code 0401, 0402), corn (HS Code 1005), and cotton yarn (HS Code 5201, 5202, 5203)
What import duty rates must importers of these goods apply?
Apply import duty rates according to current statutory provisions (Article 2)
When does this Decision take effect?
Fifteen days after its publication in the Official Gazette
Full text
MINISTRY OF FINANCE===== No.: 16/2005/QD-BTC |
SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness --------------------------------------- Hanoi dated 28 March 2005 |
DECISION OF THE MINISTER OF FINANCE
On adjustment of the List of Goods and Import Duty Rates
for application of duty quota
-----------------------------------
DECISION
Pursuant to the Law on Import-Export Duties DATED 26 December 1991 and the laws amending and supplementing the Law on Import-Export Duties dated 5 July 1993; No. 04/1998/QH10 dated 20 May 1998;
THE MINISTER OF FINANCE
Pursuant to the Law on Import-Export Duties and the Law amending and supplementing the Law on Import-Export Duties;
Pursuant to the opinion of the Prime Minister at the Decision No. 46/2005/QD-TTg dated 3 March 2005 on adjustment of the List of Imported Goods for application of duty quota;
On the proposal of the Director of the Tax Policy Department;
DECIDES:
Article 1: Abrogate the import duty rates for application of duty quota to the following goods:
- Milk and cream, not concentrated nor containing added sugar or other sweetening matter (Heading 0401); Milk and cream, concentrated or containing added sugar or other sweetening matter (Heading 0402); Maize (corn) (Heading 1005) stipulated in the List of Goods and Import Duty Rates for application of duty quota issued along with the Decision No. 36/2004/QD-BTC dated 15 April 2004 of the Minister of Finance. - Cotton, not carded or combed (Heading 5201); Cotton waste (including yarn waste and garneted stock) (Heading 5202); Cotton, carded or combed (Heading 5203) stipulated in the List of Goods and Import Duty Rates for application of duty quota issued along with the Decision No. 126/2003/QD-BTC dated 7 August 2003 of the Minister of Finance. Article 1
The goods indicated in Article 1 of this Decision shall be subject to import duties as stipulated under current regulations. This Decision shall take effect 15 days from the date of its publication in the Official Gazette.
|
This Decision shall take effect fifteen days from the date of its publication in the Official Gazette. Deputy Minister DEPUTY MINISTER (Signed) |
Relations map
Click a document to open. A red border = a relation that changes validity.
Translations
This document is available in the following languages: