Decision No. 18/2005/QD-BTC on the import tax rate for flat panel Trinitron display lamps under the AICO structure

DECISION

Regarding the import tax rate forthe item

flat panel Trinitron lamps according to the AICO structure

THE MINISTER OF FINANCE

Pursuant to Article 4 of the Law on Export Tax and Import Tax which was adopted by the National Assembly of the Socialist Republic of Vietnam at its eighth session, tenth meeting on December 26, 1991;

Pursuant to the opinions of the Prime Minister in Circulars No. 1896/VPUB dated April 22, 1996 regarding the Framework Agreement on ASEAN Industrial Cooperation; Circular No. 1746/VPCP-TCQT dated May 5, 2000 regarding the establishment of the AICO structure; and Circular No. 427/VPCP-QHQT dated January 24, 2005 regarding the resolution of the AICO-SONY proposal;

Pursuant to Decision No. 07/1998/QĐ-BCN dated February 2, 1998 of the Ministry of Industry on the issuance of "Regulations on the examination, approval, and management of the ASEAN Industrial Cooperation (AICO) Structure" and Decision No. 46/2001/QĐ-BCN dated October 12, 2001 of the Minister of Industry on the issuance of "Regulations on the management and implementation of the ASEAN Industrial Cooperation (AICO) Structure";

To implement the ASEAN Industrial Cooperation Agreement signed by the Economic Ministers of ASEAN countries on April 27, 1996 in Singapore and the Protocol amending the ASEAN Industrial Cooperation Agreement signed by the Economic Ministers of ASEAN countries on April 21, 2004 in Singapore,

DECISION:

Article 1. Apply an import tax rate of 0% (zero percent) for the quantity of flat panel Trinitron lamps (without motor coil and magnetic shield coil) under tariff number 8540.11.10 in the Preferential Import Tariff Schedule issued together with Decision No. 110/2003/QĐ-BTC dated July 25, 2003 of the Minister of Finance imported by Viettronics Tan Binh Company of Vietnam from Sony Electronics (Singapore) Pte. Ltd. of Singapore produced under the AICO structure approved by the Ministry of Industry.

Article 2. When importing, Vietronics Tan Binh Company must present:

Certificate of AICO Product No. Sony/2000/2(A2) issued by the ASEAN Secretariat on March 7, 2005 (certified copy);

Certificate of Origin Form D issued by the authorized authority of Singapore in accordance with the regulations of the Ministry of Trade on the Certificate of Origin of the Agreement on the Common Effective Preferential Tariff Treatment (CEPT);

The document of the Ministry of Industry specifying the quantity of flat panel Trinitron lamps to be imported under the AICO structure (original).

Article 3. The provisions on the organization of implementation and management of the AICO structure shall be carried out in accordance with the provisions of Decision No. 07/1998/QĐ-BCN dated February 2, 1998 of the Ministry of Industry on the issuance of "Regulations on the examination, approval, and management of the ASEAN Industrial Cooperation (AICO) Structure", Decision No. 46/2001/QĐ-BCN dated October 12, 2001 of the Minister of Industry on the issuance of "Regulations on the management and implementation of the ASEAN Industrial Cooperation (AICO) Structure", and other reporting mechanisms of the Ministry of Industry. In case of misuse by enterprises, the Ministry of Industry will notify the Ministry of Finance to instruct local customs authorities to recover import taxes and impose penalties in accordance with the regulations. This Decision takes effect fifteen days after its publication in the Official Gazette and replaces Decision No. 182/2000/QĐ-BTC dated November 14, 2000 of the Minister of Finance./.

Article 4. This Decision shall take effect fifteen days after its publication in the Official Gazette and shall supersede Decision No. 182/2000/QĐ-BTC dated November 14, 2000, of the Minister of Finance./.