Circular No. 197/2011/TT-BTC guiding the application of preferential import tax rates for goods under Group 2710 in the Preferential Import Tariff Schedule.

CIRCULAR

Guidelines for implementing the preferential import tax rate for goods

belonging to subheading 2710 in the Preferential Import Tariff Schedule

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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 Tariff Schedule according to the list of taxable commodity groups and tariff ranges applicable to each commodity group, the Preferential Import Tariff Schedule according to the list of taxable commodity groups and preferential tariff ranges applicable to each commodity group;

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 the Government Decree No. 187/2013/NĐ-CP dated November 20, 2013 detailing the implementation of the Law on Commerce regarding international trade activities and foreign-related agency purchase, sale, processing, and transit of goods;

Pursuant to the 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;

The Ministry of Finance issues guidelines for implementing the preferential import tax rate for goods belonging to subheading 2710 in the Preferential Import Tariff Schedule as follows:

Article 1. The preferential import tax rate for goods belonging to subheading 2710 in the Preferential Import Tariff Schedule

Adjust the preferential import tax rate for certain goods belonging to subheading 2710 in the Preferential Import Tariff Schedule to the new preferential import tax rates specified in Appendix I and Appendix II attached hereto.

Article 2. Effective Date

1. This Circular takes effect from the date of signature.

2. From the date this Circular takes effect until December 31, 2011, the commodity codes and preferential import tax rates for goods belonging to subheading 2710 shall be implemented according to the provisions in Appendix I attached hereto and replace Circular No. 82/2011/TT-BTC dated June 10, 2011 of the Ministry of Finance guiding the implementation of the preferential import tax rates for certain goods belonging to subheading 2710 in the Preferential Import Tariff Schedule.

3. From January 1, 2012 onwards, the commodity codes and preferential import tax rates for goods belonging to subheading 2710 shall be implemented according to the provisions in Appendix II attached hereto and replace the preferential import tax rates for goods belonging to subheading 2710 stipulated in Circular No. 157/2011/TT-BTC dated November 14, 2011 of the Ministry of Finance issuing the Export Tariff Schedule and the Preferential Import Tariff Schedule according to the list of taxable commodities./.