Circular No. 170/2012/TT-BTC amends the preferential import tariff rates for goods under HS code 3909.10.10 and HS code 3909.20.10, to be applied from December 3, 2012.
Key points
- Urea resin, thiourea resin: Compounds for casting at a rate of 5%, other types at a rate of 3%
- Melamine resin: Compounds for casting at a rate of 5%, other types at a rate of 3%
- Other amino resins: Compounds for casting at a rate of 3%, glyoxal monourea resin is exempt from tax, other types are exempt from tax
- Phenolic resin: Compounds for casting except phenol formaldehyde at a rate of 3%, other types at a rate of 3%
- Polyurethane is exempt from tax
🌐 Social impact of this document
- Positive impact: Reduces import costs for urea resin, thiourea resin, melamine resin, and polyurethane manufacturers.
- Negative impact: May increase financial burden for some businesses if they lack investment plans or product adjustments.
❓ Frequently asked questions
What is the preferential import tariff rate for urea resin?
The preferential import tariff rate for urea resin (HS code 3909.10.10) is 5%.
Is melamine resin subject to tax?
Yes, but only for compounds for casting at a rate of 5%; other types are exempt from tax.
What is the tax rate for other amino resins?
The tax rate for other amino resins (HS code 3909.30) is 3%, with compounds for casting at a rate of 3%, and other types are exempt from tax.
Is phenolic resin subject to tax?
Yes, but only for compounds for casting except phenol formaldehyde at a rate of 3%; other types are at a rate of 3%.
Is polyurethane subject to tax?
No, polyurethane (HS code 3909.50) is exempt from tax.
Full text
Article 1. Amending the rate of the import duty ad valorem
Amending the preferential import tariff rates for goods with HS codes 3909.10.10 and 3909.20.10 in the Preferential Import Tariff Schedule according to the List of Taxable Goods at Appendix II issued together with Circular No. 157/2011/TT-BTC dated November 14, 2011 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:
|
Item Code |
Description of Goods |
Tax Rate (%) |
|
39.09 |
Amino plastics, phenolic plastics, and polyurethane, in primary forms |
|
|
3909.10 |
- Urea plastics; thiourea plastics: |
|
|
3909.10.10 |
- - Molding compounds |
5 |
|
3909.10.90 |
- Paddy: |
3 |
|
3909.20 |
- Melamine plastics: |
|
|
3909.20.10 |
- - Molding compounds |
5 |
|
3909.20.90 |
- Paddy: |
3 |
|
3909.30 |
- Other amino plastics: |
|
|
3909.30.10 |
- - Molding compounds |
3 |
|
- - - Other |
||
|
3909.30.91 |
- - - Glyoxal monourea plastics |
0 |
|
3909.30.99 |
- - Of chickens of the species Gallus domesticus |
0 |
|
3909.40 |
- Phenolic plastics: |
|
|
3909.40.10 |
- - Molding compounds except phenol formaldehyde |
3 |
|
3909.40.90 |
- Paddy: |
3 |
|
3909.50.00 |
- Polyurethane |
0 |
Article 2. Effective Date
This Circular shall take effect from December 3, 2012.
DEPUTY MINISTER
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