Decision No. 162/2002/QD-BTC amends the preferential import tariff rate for certain petroleum products and oils derived from bituminous minerals, effective from December 27, 2002.
Scope of application
Enterprises importing petroleum and related oils.
Key points
- Enterprises importing crude oil (petroleum) belonging to Group 2709 must pay a tariff rate of 15%.
- Condensate is exempt from tax.
- Light oils and derivatives belonging to Group 2710 have a tariff rate ranging from 10% to 20%, depending on the product type.
- Waste oils belonging to Group 2710 containing polychlorinated biphenyls (PCBs), polychlorinated terphenyls (PCTs), or polybrominated biphenyls (PBBs) must pay a tariff rate of 20%, otherwise 20%.
- This Decision takes effect from December 27, 2002.
🌐 Social impact of this document
- Enterprises importing crude oil will bear a higher tax burden (15%) compared to before, increasing production costs.
- Light oils and derivatives have a lower tariff rate ranging from 20% to 30% compared to crude oil, creating a competitive advantage for enterprises.
- Waste oils are subject to a high tariff rate (20%), reducing the volume of imports of this type of oil.
❓ Frequently asked questions
What is the tariff rate for crude oil?
Crude oil belonging to Group 2709 must pay a tariff rate of 15%.
Is condensate subject to tax?
Condensate is exempt from tax.
What is the tariff rate for premium motor gasoline?
Premium motor gasoline must pay a tariff rate of 20%.
What is the tariff rate for waste oil?
Waste oils belonging to Group 2710 containing polychlorinated biphenyls (PCBs), polychlorinated terphenyls (PCTs), or polybrominated biphenyls (PBBs) must pay a tariff rate of 20%, otherwise 20%.
When does this Decision take effect?
This Decision takes effect from December 27, 2002.
Full text
DECISION OF THE MINISTER OF FINANCE
Amending the Name and Rate of Preferential Import Tariff for Certain Items in Group 2709 and 2710 in the List of Preferential Import Tariffs
____________________________
THE MINISTER OF FINANCE
Pursuant to Decree No. 86/2002/NĐ-CP dated November 5, 2002 of the Government stipulating the functions, tasks, powers, and organizational structure 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 Article 1 of Decree No. 94/1998/NĐ-CP dated November 17, 1998 of the Government detailing the implementation of the Law Amending and Supplementing Certain Provisions of the Export Tax, Import Tax Law No. 04/1998/QH10 dated May 20, 1998;
Pursuant to Article 1 of Decree No. 94/1998/NĐ-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 and Import Tax No. 04/1998/QH10 dated May 20, 1998;
At the proposal of the Director General of the General Department of Taxation;
Pursuant to …;
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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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- Crude oil and other oils obtained from bituminous minerals (except in crude form) and preparations not specified or mentioned elsewhere containing 70% or more by weight of crude oil or other oils obtained from bituminous minerals, which are the main components of such preparations, excluding waste oils: |
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|
2710 |
19 |
15 |
---- Normal paraffins |
10 |
Article 2: This Decision shall take effect and apply to import declarations submitted to customs authorities from December 27, 2002. All previous provisions contrary to this Decision are hereby abolished./.
DEPUTY MINISTER
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