Circular No. 45/2012/TT-BTC stipulates the Special Preferential Import Tariff Schedule of Vietnam for the implementation of the ASEAN-India Trade in Goods Agreement for the period 2012-2014, applicable to goods imported from member countries of this Agreement.
Scope of application
Enterprises and individuals importing goods from member countries of the ASEAN-India Trade in Goods Agreement.
Key points
- Enterprises/persons importing goods from member countries of the Agreement must meet the conditions to be eligible for the special preferential tariff rate, including: being listed in the Special Preferential Import Tariff Schedule issued together with this Circular; being directly transported from the exporting country to Vietnam; and complying with the rules of origin for the goods.
- The AIFTA tariff rate applies annually from January 1 to December 31 of each year, except for 2012, which applies from the date the Circular takes effect until December 31, 2012.
- The Special Preferential Import Tariff Schedule is based on the Harmonized System of Nomenclature (HSN) 2012 and classified at the 8-digit level.
- Imported goods to be eligible for the AIFTA tariff rate must originate from member countries of the ASEAN-India Trade in Goods Agreement, including Vietnam (goods from duty-free zones).
- The effective period of this Circular is 45 days from the date of issuance and replaces Circular No. 58/2010/TT-BTC.
🌐 Social impact of this document
- Positive impact: Reducing import costs for enterprises, enhancing trade between Vietnam and member countries of the Agreement.
- Negative impact: Time required for enterprises and individuals to grasp new regulations, potentially causing difficulties in the transportation process of goods.
❓ Frequently asked questions
When does the AIFTA tariff rate apply?
The AIFTA tariff rate applies from January 1 to December 31 of each year, except for 2012, which applies from the date the Circular takes effect until December 31, 2012.
What conditions must enterprises meet to be eligible for the AIFTA tariff rate?
Enterprises/persons importing goods from member countries of the Agreement must be listed in the Special Preferential Import Tariff Schedule issued together with this Circular, be directly transported from the exporting country to Vietnam, and comply with the rules of origin for the goods.
On what basis is the Special Preferential Import Tariff Schedule established?
The Special Preferential Import Tariff Schedule is established based on the Harmonized System of Nomenclature (HSN) 2012 and classified at the 8-digit level.
When does this Circular take effect?
This Circular takes effect 45 days from the date of issuance.
Which Circular does this replace?
This Circular replaces Circular No. 58/2010/TT-BTC on the issuance of the Special Preferential Import Tariff Schedule of Vietnam for the implementation of the ASEAN-India Trade in Goods Agreement for the period 2010-2012.
Full text
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MINISTRY OF FINANCE _________ |
SOCIALIST REPUBLIC OF VIET NAM ________________ |
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Number: 45/2012/TT-BTC |
Hanoi, March 16, 2012 |
CIRCULAR
Regarding the issuance of the Special Preferential Import Tariff Schedule of Vietnam to implement
the ASEAN-India Trade in Goods Agreement for the period 2012-2014
Pursuant to the Law on Export Tax, Import Tax No. 45/2005/QH11 dated June 14, 2005;
Pursuant to Decree No. 87/2010/NĐ-CP dated August 13, 2010 of the Government detailing the implementation of the Law on Export Tax and Import Tax No. 45/2005/QH11 dated June 14, 2005;
Pursuant to Decree No. 118/2008/NĐ-CP dated November 27, 2008 of the Government on the functions, tasks, powers, and organizational structure of the Ministry of Finance;
To implement the ASEAN-India Trade in Goods Agreement signed on August 13, 2009 and October 24, 2009 in Thailand, and approved by the Prime Minister of the Socialist Republic of Vietnam through Circular No. 2464/TTg-QHQT dated December 10, 2009;
The Ministry of Finance issues this Circular to issue the Special Preferential Import Tariff Schedule of Vietnam to implement the ASEAN-India Trade in Goods Agreement as follows:
Article 1: Attached to this Circular is the Special Preferential Import Tariff Schedule of Vietnam to implement the ASEAN-India Trade in Goods Agreement for the period 2012-2014 (the applicable tariff rate abbreviated as AIFTA rate).
+ Column "Commodity Code" and column "Description of Goods", based on the Harmonized System 2012 and classified at the 8-digit level;
+ Column "AIFTA Rate (%)", the applicable tariff rate for each year from January 1 to December 31 of that year. For the year 2012, it will be applied from the date this Circular takes effect until December 31, 2012.
Article 2: Imported goods must meet the following conditions to be eligible for the AIFTA rate:
1) They must belong to the Special Preferential Import Tariff Schedule issued together with this Circular.
2) Imported from countries that are members of the ASEAN-India Trade in Goods Agreement, including the following countries:
- Brunei Darussalam;
- Kingdom of Cambodia;
- Republic of Indonesia;
- Lao People's Democratic Republic;
- Malaysia;
- Union of Myanmar;
- Republic of the Philippines;
- Republic of Singapore;
- Kingdom of Thailand;
- Republic of India;
- Socialist Republic of Vietnam (Goods from duty-free zones imported into the domestic market).
3) Directly transported from the exporting country specified in Clause 2 of this Article to Vietnam, in accordance with the regulations of the Ministry of Industry and Trade;
d) Complying with the provisions on the origin of goods in the ASEAN-India Trade in Goods Agreement, having an ASEAN-India Certificate of Origin (abbreviated as Form AI) in accordance with the regulations of the Ministry of Industry and Trade.
Article 3: This Circular shall take effect 45 days from the date of signature and replace Circular No. 58/2010/TT-BTC dated April 16, 2010 of the Minister of Finance on the issuance of the Special Preferential Import Tariff Schedule of Vietnam to implement the ASEAN-India Trade in Goods Agreement for the period 2010-2012./.
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DEPUTY MINISTER |
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