Circular No. 190/2010/TT-BTC guiding the application of preferential import tax rates for certain goods under subheading 2710 in the Preferential Import Tariff Schedule.

CIRCULAR

Guidelines for implementing preferential import tariff rates for certain goods under subheading 2710 in the Preferential Import Tariff Schedule

 for certain goods under subheading 2710 in the Preferential Import Tariff Schedule

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Pursuant to the Law on Export Tax and Import Tax No. 45/2005/QH11 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 Tariff Schedule according to the list of taxable commodity groups and tax rate ranges applicable to each commodity group, the Preferential Import Tariff Schedule according to the list of taxable commodity groups and preferential tax rate ranges applicable to each commodity group;

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

Pursuant to Decree No. 84/2009/NĐ-CP dated October 15, 2009 of the Government on gasoline and diesel oil trading; Pursuant to Decree No. 118/2008/NĐ-CP dated November 27, 2008 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;

Based on Circular No. 837/BTC-CST dated January 19, 2010 of the Ministry of Finance, the Ministry of Finance hereby issues guidelines for implementing preferential import tariff rates for certain goods under subheading 2710 in the Preferential Import Tariff Schedule as follows:

Article 1. Tariff Rate Levels

Adjust the preferential import tariff rates for certain petroleum products under subheading 2710 specified in the Preferential Import Tariff Schedule to new preferential import tariff rates as set out in the List attached hereto.

Article 2. Effective Date

1. This Circular takes effect from the date of signature and replaces Circular No. 59/2010/TT-BTC dated April 19, 2010 of the Ministry of Finance guiding the implementation of preferential import tariff rates for certain goods under subheading 2710 in the Preferential Import Tariff Schedule.

2. As of January 1, 2011, preferential import tariff rates for certain petroleum products under subheading 2710 shall continue to be implemented in accordance with this Circular, abolishing the preferential import tariff rates for certain petroleum products under subheading 2710 as stipulated in Circular No. 184/2010/TT-BTC dated November 15, 2010 of the Ministry of Finance on the tax rates of the Export Tariff Schedule and the Preferential Import Tariff Schedule according to the list of taxable goods.