Decision No. 164/2002/QD/BTC of the Ministry of Finance amends and supplements the List and minimum prices for certain groups of goods subject to state price control for import duty calculation, specifically cars, car spare parts and accessories; motorcycles, motorcycle spare parts and accessories. Local Customs Departments are responsible for establishing supplementary import duty calculation prices for goods not specified in detail.
Scope of application
Enterprises importing cars, car spare parts and accessories; motorcycles, motorcycle spare parts and accessories. Local Customs Departments.
Key points
- The Ministry of Finance supplements the following groups of goods into the List of groups of goods subject to state price control for import duty calculation: cars, car spare parts and accessories; motorcycles, motorcycle spare parts and accessories.
- The import duty calculation prices for these goods are detailed in the Minimum Price Table issued together with this Decision.
- Local Customs Departments are responsible for establishing supplementary import duty calculation prices for goods not specified in detail within thirty days and reporting to the Ministry of Finance (General Department of Customs) for consideration to supplement the Minimum Import Duty Calculation Price Table.
- This Decision takes effect thirty days from the date of signature, abolishing previous regulations inconsistent with this Decision.
🌐 Social impact of this document
- Enterprises importing cars and motorcycles will have to comply with the new import duty calculation prices prescribed, which may affect import costs and profits.
- Local Customs Departments need to promptly carry out the work of establishing supplementary import duty calculation prices to ensure smooth customs clearance operations.
❓ Frequently asked questions
To which goods does this Decision apply?
This Decision supplements the following groups of goods into the List of groups of goods subject to state price control for import duty calculation: cars, car spare parts and accessories; motorcycles, motorcycle spare parts and accessories.
How are the import duty calculation prices for these goods defined?
The import duty calculation prices for these goods are detailed in the Minimum Price Table issued together with this Decision.
What responsibilities do Local Customs Departments have in establishing supplementary import duty calculation prices?
Local Customs Departments must establish supplementary import duty calculation prices for goods not specified in detail and report to the Ministry of Finance (General Department of Customs) for consideration to supplement the Minimum Import Duty Calculation Price Table within thirty days.
When does this Decision take effect?
This Decision takes effect thirty days from the date of signature, abolishing previous regulations inconsistent with this Decision.
What actions should enterprises importing goods take to comply?
Enterprises importing goods need to monitor the Minimum Price Table issued together with this Decision and adjust their import costs accordingly to comply with the newly prescribed import duty calculation prices.
Full text
DECISION OF THE MINISTER OF FINANCE
Regarding the amendment and supplementation of the List and minimum prices of certain groups of goods subject to import tax pricing control
_____________________
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 the authority and principles for determining taxable price for export tax and import tax 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;
After considering the opinions of the Ministry of Trade;
PURSUANT TO THE PROPOSAL OF THE DIRECTOR GENERAL OF THE STATE TAX ADMINISTRATION;
Pursuant to …;
Article 1: Supplementing the following groups of goods: Cars, car spare parts, and car accessories; Two-wheeled motor vehicles, two-wheeled motor vehicle spare parts, and two-wheeled motor vehicle accessories to the List of groups of goods subject to State-controlled pricing for import tax calculation.
Article 2The taxable price for the goods: Cars, car spare parts, and car accessories; Two-wheeled motor vehicles, two-wheeled motor vehicle spare parts, and two-wheeled motor vehicle accessories shall be specifically defined in the Minimum Price Table attached to this Decision.
Article 3For those goods subject to State-controlled pricing for minimum import tax calculation that have not been specifically defined in the Minimum Import Tax Calculation Price Table attached to this Decision, the local Customs Office shall base their determination on the provisions of 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, and refer to the levels of prices of similar goods already specified in this table to supplement the import tax calculation price. Within no more than 30 days from the date the local Customs Office determines the import tax calculation price for goods under Article 3 of this Decision, the local Customs Office must report to the Ministry of Finance (General Department of Customs) for consideration to supplement the Minimum Import Tax Calculation Price Table.
Article 4: This Decision takes effect 30 days from the date of signature. Any previous regulations contrary to this Decision are hereby abolished./.
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