Decision No. 37/2008/QD-BTC amends the preferential import tariff rates for certain groups of goods, effective from June 20, 2008. Enterprises need to adjust their customs declarations according to the new rates.
Scope of application
Import enterprises
Key points
- Enterprise → must adjust the preferential import tariff rates for the goods specified in the List attached to this Decision → from June 20, 2008.
🌐 Social impact of this document
- Positive impact: Reduces import costs for enterprises, enhances competitiveness of domestic goods.
- Negative impact: May cause difficulties for enterprises not closely monitoring in adjusting their customs declarations.
- Enterprises benefit from the lower new tariff rates.
❓ Frequently asked questions
Which goods are affected?
The goods specified in the List issued together with Decision No. 37/2008/QD-BTC will be affected.
When does the application take effect?
This Decision takes effect from June 20, 2008.
What actions should enterprises take to comply?
Enterprises must adjust the preferential import tariff rates for the goods specified in the List attached to this Decision in their customs declarations.
Will there be penalties if non-compliance occurs?
Information on sanctions for violations is not detailed in this document. Further reference to other tax laws is required.
What specific items are included in the List?
Specifically, the List issued together with Decision No. 37/2008/QD-BTC will list the goods and new tariff rates.
Full text
Pursuant to …;
REGARDING THE AMENDMENT OF THE RATE OF THE MOST-FAVORED-NATION IMPORT DUTY FOR CERTAIN GROUPS OF GOODS IN THE LIST OF MOST-FAVORED-NATION IMPORT DUTIES
FOR CERTAIN GROUPS OF GOODS IN THE LIST OF MOST-FAVORED-NATION IMPORT DUTIES
_____________________________
THE MINISTER OF FINANCE
Pursuant to the Law on Export Duties and Import Duties No. 45/2005/QH11 dated June 14, 2005;
BASED ON RESOLUTION NO. 295/2007/NQ-UBTVQH12 OF SEPTEMBER 28, 2007 OF THE STANDING COMMITTEE OF THE NATIONAL ASSEMBLY ON THE ISSUE OF THE EXPORT TAX LIST ACCORDING TO THE CATEGORY OF GOODS SUBJECT TO TAX AND THE TAX RATES FOR EACH CATEGORY OF GOODS, THE LIST OF MOST-FAVORED-NATION IMPORT DUTIES ACCORDING TO THE CATEGORY OF GOODS SUBJECT TO DUTY AND THE MOST-FAVORED-NATION DUTY RATES FOR EACH CATEGORY OF GOODS;
BASED ON DECREE NO. 149/2005/NĐ-CP OF DECEMBER 8, 2005 OF THE GOVERNMENT PROVIDING GUIDELINES FOR THE IMPLEMENTATION OF THE LAW ON EXPORT TAXES AND IMPORT DUTIES;
BASED ON DECREE NO. 77/2003/NĐ-CP OF JULY 1, 2003 OF THE GOVERNMENT ON THE FUNCTIONS, TASKS, POWERS, AND ORGANIZATIONAL STRUCTURE OF THE MINISTRY OF FINANCE;
BASED ON RESOLUTION NO. 10/2008/NQ-CP OF APRIL 17, 2008 OF THE GOVERNMENT ON MEASURES TO CONTROL INFLATION, STABILIZE MACROECONOMIC FACTORS, ENSURE SOCIAL SECURITY, AND ACHIEVE SUSTAINABLE GROWTH;
At the proposal of the Director of the Department of Tax Policy,
DECISION:
Article 1. AMENDING THE RATE OF THE MOST-FAVORED-NATION IMPORT DUTY FOR CERTAIN GROUPS OF GOODS AS PROVIDED IN DECISION NO. 106/2007/QĐ-BTC OF DECEMBER 20, 2007 AND AMENDMENTS AND SUPPLEMENTS BY THE MINISTER OF FINANCE INTO NEW MOST-FAVORED-NATION IMPORT DUTY RATES AS PROVIDED IN THE ATTACHED LIST AND APPLYING TO CUSTOMS DECLARATIONS FOR IMPORTED GOODS REGISTERED WITH CUSTOMS AUTHORITIES FROM JUNE 20, 2008.
Article 2. THIS DECISION SHALL TAKE EFFECT 15 DAYS AFTER ITS PUBLICATION IN THE CONSTITUTED DOCUMENT./.
DEPUTY MINISTER
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