Circular No. 25/2015/TT-BTC Issuing the Special Preferential Tariff Schedule of Vietnam to Implement the Vietnam-Japan Economic Partnership Agreement for the Period 2015-2019

CIRCULAR

Issuing the Special Preferential Import Tariff Schedule of Vietnam for Implementation of the Vietnam-Japan Economic Partnership Agreement for the Period 2015-2019

the Agreement Vietnam-Japan Economic Partnership Agreement for the period 2015-2019

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Pursuant to the Law on Export Tax and Import Tax No. 45/2005/QH11 dated June 14, 2005;

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

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

To implement the Economic Partnership Agreement between Vietnam and Japan signed on December 25, 2008 in Japan and approved by the Prime Minister of the Socialist Republic of Vietnam under Decision No. 57/2009/QD-TTg dated April 16, 2009;

At the proposal of the Director of the International Cooperation Department;

The Minister of Finance issues this Circular stipulating the rates of the Special Preferential Import Tariff Schedule of Vietnam for implementation of the Vietnam-Japan Economic Partnership Agreement for the period 2015-2019 as follows:

Article 1. Attached herewith is the Special Preferential Import Tariff Schedule of Vietnam for implementation of the Vietnam-Japan Economic Partnership Agreement for the period 2015-2019 (the special preferential rate hereinafter referred to as VJEPA rate).

1) The "Commodity Code" column and the "Description of Goods" column are based on the Harmonized System of Tariff Nomenclature of the Association of Southeast Asian Nations 2012 (AHTN 2012) and classified according to 8-digit or 10-digit codes.

2) The "VJEPA Rate (%)": the applicable rates for different periods include:

- April 1, 2015 to March 31, 2016: the rate applicable from April 1, 2015 to March 31, 2016;

- April 1, 2016 to March 31, 2017: the rate applicable from April 1, 2016 to March 31, 2017;

- April 1, 2017 to March 31, 2018: the rate applicable from April 1, 2017 to March 31, 2018;

- April 1, 2018 to March 31, 2019: the rate applicable from April 1, 2018 to March 31, 2019.

+ Symbol "*": goods imported are not entitled to the special preferential VJEPA rate at the corresponding time.

Article 2. Conditions for Imported Goods to be Subjected to the VJEPA Rate

Imported goods must meet the following conditions to be eligible for the VJEPA rate:

1) They must belong to the Special Preferential Import Tariff Schedule issued together with this Circular.

2) They must be imported from Japan into Vietnam.

3) They must be directly transported from Japan to Vietnam, in accordance with the regulations of the Ministry of Industry and Trade.

4) They must comply with the provisions on origin of goods in the Vietnam-Japan Economic Partnership Agreement, having a Certificate of Origin for Vietnam-Japan Model VJ (abbreviated as C/O - Model VJ) in accordance with the regulations of the Ministry of Industry and Trade.

Article 3. Effectiveness

This Circular takes effect from April 1, 2015, replacing Circular No. 21/2012/TT-BTC dated February 15, 2012 of the Minister of Finance on issuing the Special Preferential Import Tariff Schedule of Vietnam for implementation of the Vietnam-Japan Economic Partnership Agreement for the period 2012-2015, and Circular No. 63/2012/TT-BTC dated April 23, 2012 of the Minister of Finance amending the special preferential import tariff rates for certain groups of goods in the Special Preferential Import Tariff Schedules. Any difficulties encountered during implementation should be reported promptly so that the Ministry of Finance can provide supplementary guidance as appropriate./.