Circular No. 24/2011/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 the preferential import tax rate

for certain items 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 regarding the issuance of the Export Tariff Schedule based on the list of taxable commodity groups and the tax rate range for each group, and the Preferential Import Tariff Schedule based on the list of taxable commodity groups and the preferential tax rate range for each 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 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;

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

Article 1. Tax Rate Level

Adjust the preferential import tax rate for certain gasoline and oil products under subheading 2710 specified in the Preferential Import Tariff Schedule to the new preferential import tax rate level as stipulated in the List attached to this Circular.

Article 2. Effective Date

This Circular takes effect from February 24, 2011 and replaces Circular No. 07/2011/TT-BTC dated January 14, 2011 of the Ministry of Finance guiding the implementation of the preferential import tax rate for certain items under subheading 2710 in the Preferential Import Tariff Schedule.