Circular No. 208/2010/TT-BTC guiding the rate of preferential import tax for certain goods under subheading 2711 in the Preferential Import Tariff Schedule.

CIRCULAR

Guidelines for implementing preferential import tariff rates

for certain items under subheading 2711 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 tax schedule according to the list of taxable goods categories and tax rate ranges for each category, the Preferential Import Tariff Schedule according to the list of taxable goods categories and preferential tax rate ranges for each category;

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 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 hereby provides guidelines for implementing preferential import tariff rates for certain items under subheading 2711 in the Preferential Import Tariff Schedule as follows:

Article 1. Tax Rate

Amend the preferential import tariff rates for certain petroleum gases and other hydrocarbon gases under subheading 2711 in the List of Preferential Import Tariff Rates of the Preferential Import Tariff Schedule according to the List of Taxable Goods issued together with Circular No. 216/2009/TT-BTC dated November 12, 2009 of the Ministry of Finance to new preferential import tariff rates specified in the List issued together with this Circular.

Article 2. Effective Date

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

Clause 2. Effective from January 1, 2011, the preferential import tariff rates for certain petroleum gases and other hydrocarbon gases under subheading 2711 shall continue to be implemented according to the provisions of this Circular, abolishing the preferential import tariff rates for certain petroleum gases and other hydrocarbon gases under subheading 2711 stipulated in Circular No. 184/2010/TT-BTC dated November 15, 2010 of the Ministry of Finance regarding the tax rate schedule of the Export Tariff and the Preferential Import Tariff Schedule according to the list of taxable goods./.