Circular No. 48/2015/TT-BTC amends and supplements items and preferential import tariff rates for certain petroleum products under subheading 27.10 in the Preferential Import Tariff Schedule.

CIRCULAR

Amending and supplementing items and preferential import tariff rates for certain petroleum products

falls under group 27.10 in the Preferential Import Tariff Schedule

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Pursuant to the Law on Export Tax and Import Tax 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 Tariff List according to the list of taxable goods categories and tax rate brackets for each category, and the Preferential Import Tariff List according to the list of taxable goods categories and preferential tax rate brackets for each category;

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

Pursuant to Decree No. 83/2014/NĐ-CP dated September 3, 2014 of the Government on trading in gasoline and diesel;

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

Pursuant to Decision No. 53/2012/QĐ-TTg dated November 22, 2012 of the Prime Minister on the implementation schedule for blending ratios of biofuels with traditional fuels;

Pursuant to Notification No. 481/TB-VPCP dated December 31, 2014 of the Government Office regarding the conclusion of Deputy Prime Minister Hoang Trung Hai at a meeting on the pricing mechanism for bio-fuel (E5 gasoline);

At the proposal of the Director of the Policy Department;

The Minister of Finance issues this Circular to amend and supplement items and preferential import tariff rates for certain petroleum products belonging to subheading 27.10 in the Preferential Import Tariff List.

Article 1. Amending the preferential import tax rate for certain gasoline and diesel products under subheading 27.10

Amend the preferential import tariff rates for certain petroleum products belonging to subheading 27.10 in the Preferential Import Tariff List accompanying Circular No. 03/2015/TT-BTC dated January 6, 2015 of the Minister of Finance to new preferential import tariff rates specified in the Preferential Import Tariff Rate List accompanying this Circular.

Article 2: Amending and supplementing preferential import tariff rates for biofuel gasoline and biodiesel at Chapter 98

1. Amending and supplementing preferential import tariff rates for certain groups of biofuel gasoline and biodiesel products at Chapter 98 in the Preferential Import Tariff List issued by Circular No. 164/2013/TT-BTC dated November 15, 2013 of the Minister of Finance to new preferential import tariff rates specified in the Preferential Import Tariff Rate List accompanying this Circular.

2. Supplementing Point 1.38 to Clause 1 of the Notes to Chapter under Section I as follows:

"1.38. Subheading 98.38 - biofuel gasoline (E5, E10); biodiesel (B5, B10)."

Article 3. Effectiveness

1. This Circular takes effect from April 14, 2015.

2. This Circular replaces Circular No. 03/2015/TT-BTC dated January 6, 2015 of the Minister of Finance amending preferential import tariff rates for certain petroleum products belonging to subheading 27.10 in the Preferential Import Tariff List.

3. Abolishing Circular No. 17728/BTC-CST dated December 4, 2014 of the Ministry of Finance on preferential import tariff rates for petroleum products corresponding to world market prices; Circular No. 16661/BTC-CST dated November 29, 2012 of the Ministry of Finance on preferential import tariff rates for aviation gasoline and fuel corresponding to world market prices for aviation gasoline and fuel.