Circular No. 186/2014/TT-BTC amends and supplements Chapter 98 on commodity codes and preferential import tax rates for certain groups of goods under the Preferential Import Tariff Schedule issued together with Circular No. 164/2013/TT-BTC dated November 15, 2013 of the Ministry of Finance.

CIRCULAR

AMENDMENTS AND SUPPLEMENTS TO CHAPTER 98 REGULATING COMMODITY CODES AND RATES OF PREFERENTIAL IMPORT DUTIES FOR CERTAIN GROUPS OF GOODS IN THE PREFERENTIAL IMPORT TAX SCHEDULE ISSUED PURSUANT TO CIRCULAR NO. 164/2013/TT-BTC DATED NOVEMBER 15, 2013 OF THE MINISTRY OF FINANCE

Pursuant to the Law on Export Tax and Import Tax dated June 14, 2005;

Pursuant to Resolution No. 295/2007/NQ-UBTVQH12 dated September 28, 2007 of the Standing Committee of the National Assembly on the issuance of the Export Tax Schedule according to the list of taxable goods groups and tax rate ranges for each group of goods, the Preferential Import Tax Schedule according to the list of taxable goods groups and preferential tax rate ranges for each group of goods;

Pursuant to Decree No. 87/2010/NĐ-CP dated August 13, 2010 of the Government detailing certain provisions of the Law on Export Duties and Import Duties;

Pursuant to Decree No. 215/2013/NĐ-CP dated December 23, 2013 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;

At the proposal of the Director of the Policy Department;

The Minister of Finance issues this Circular amending and supplementing Chapter 98 regulating commodity codes and rates of preferential import duties for certain groups of goods in the Preferential Import Tax Schedule issued pursuant to Circular No. 164/2013/TT-BTC dated November 15, 2013 of the Minister of Finance

Article 1. Amendments and supplements to Section I - Explanations and conditions for applying preferential import duty rates at Chapter 98

1. Supplement Point 1.37 to Clause 1 of the Explanations of Chapter under Section I as follows:

"1.37. Goods: Polypropylene (PP) pellets in virgin form used for producing biaxially oriented polypropylene film (BOPP)".

2. Supplement Point 2.8 to Clause 2 of the Group Explanations under Section I:

"2.8. Goods: Polypropylene (PP) pellets in virgin form used for producing biaxially oriented polypropylene film (BOPP)" belonging to Group 98.37 must meet the following technical specifications regarding density, melt flow rate, tensile strength, and flexural modulus:

When registering a customs declaration, the declarant must submit to the customs office where the goods are declared for import a certificate of analysis (Certification of Analysis) or product technical data sheet (Product Data Sheet or Technical Data Sheet) provided by the manufacturer clearly showing the above technical specifications: one copy certified true by the importing enterprise.

Article 2. Supplement Section II - List of Groups of Goods, Goods and Rates of Preferential Import Duties (Chapter 98) as follows:

Article 3. Effectiveness

1. This Circular takes effect from January 22, 2015 to December 31, 2015.

2. From January 1, 2016 onwards, implement the preferential import duty rate as prescribed in Clause 2, Article 4 of Circular No. 164/2013/TT-BTC dated November 15, 2013 of the Minister of Finance issuing the Export Tax Schedule, the Preferential Import Tax Schedule according to the list of taxable goods and the Circular amending, supplementing or replacing Circular No. 164/2013/TT-BTC (if any).