Decision No. 516-TC/QD/TCT amends the import tariff rate for CKD motorcycle parts, effective from August 1, 1997.
Key points
- Motorcycle parts type CKD1 (HS code 8711.00.20) → tariff rate reduced from 55% to 50%
- Motorcycle parts type CKD2 (HS code 8711.00.30) → tariff rate reduced from 50% to 45%
- Motorcycle parts type IKD1 (HS code 8711.00.40) and IKD2 (HS code 8711.00.50) → unchanged, still at 30% and 15% respectively
- Motorcycle parts type IKD3 (HS code 8711.00.60) → unchanged, still at 10%
- Effective date of implementation from August 1, 1997
🌐 Social impact of this document
- Enterprises importing CKD motorcycle parts will save on tax costs, increasing profits.
- Reducing the tax burden for domestic motorcycle manufacturing enterprises.
❓ Frequently asked questions
What is the change in the tariff rate for CKD1 motorcycle parts?
The tariff rate for CKD1 motorcycle parts has been reduced from 55% to 50%. (Article 1)
Are there any changes in the tariff rate for IKD2 motorcycle parts?
No, the tariff rate for IKD2 motorcycle parts remains unchanged at 15%. (Article 1)
When does this decision take effect?
This decision comes into force and is applied from August 1, 1997. (Article 2)
What is the change in the tariff rate for CKD2 motorcycle parts?
The tariff rate for CKD2 motorcycle parts has been reduced from 50% to 45%. (Article 1)
Are there any changes in the tariff rate for IKD3 motorcycle parts?
No, the tariff rate for IKD3 motorcycle parts remains unchanged at 10%. (Article 1)
Full text
Pursuant to …;
REGARDING THE AMENDMENT OF THE RATE OF CUSTOMS DUTY ON MOTORCYCLE CKD PARTS IN THE IMPORT DUTY TARIFF
THE MINISTER OF FINANCE
Pursuant to Article 8 of the Export Tax, Import Tax Law adopted on December 26, 1991;
BASED ON THE FRAMEWORK OF CUSTOMS DUTY RATES ISSUED BY RESOLUTION NO. 537A ON FEBRUARY 22, 1992 OF THE STATE COUNCIL, AMENDED AND COMPLEMENTED BY RESOLUTIONS NO. 31 NQ/UBTVQH9 ON MARCH 9, 1993, NO. 174 NQ/UBTVQH9 ON MARCH 26, 1994, NO. 290 NQ/UBTVQH9 ON SEPTEMBER 7, 1995, AND NO. 293 NQ/UBTVQH9 ON NOVEMBER 8, 1995 OF THE STANDING COMMITTEE OF THE NATIONAL ASSEMBLY, TERM 9;
Pursuant to the authority stipulated in Article 3 of Decision No. 280/TTg dated May 28, 1994 of the Prime Minister on the issuance of the Export Tariff Schedule and the Import Tariff Schedule attached to Decree No. 54/CP;
DECISION:
Article 1.- AMENDING THE RATE OF CUSTOMS DUTY ON MOTORCYCLE PARTS BELONGING TO THE GROUP WITH CODE 8711.00 AS PROVIDED FOR IN DECISION NO. 397 TC/QĐ/TCT ON APRIL 19, 1996 OF THE MINISTER OF FINANCE INTO A NEW RATE OF CUSTOMS DUTY AS FOLLOWS:
|
Code Number |
Group |
Tax Rate (%) |
|
|
|
the item |
CURRENT |
Amending |
|
8711.00 |
- MOTORCYCLES (INCLUDING MOPEDS) AND BICYCLES WITH AUXILIARY ENGINES, WITH OR WITHOUT BODY, THREE-WHEEL MOTORCYCLES |
|
|
|
8711.00.10 |
-- COMPLETE UNASSEMBLED UNIT |
60 |
60 |
|
8711.00.20 |
-- CKD1 TYPE |
55 |
50 |
|
8711.00.30 |
-- CKD2 TYPE |
50 |
45 |
|
8711.00.40 |
-- IKD1 TYPE |
30 |
30 |
|
8711.00.50 |
-- IKD2 TYPE |
15 |
15 |
|
8711.00.60 |
-- IKD3 TYPE |
10 |
10 |
Article 2: THIS DECISION SHALL TAKE EFFECT AND BE APPLIED TO ALL IMPORT DECLARATIONS SUBMITTED TO CUSTOMS AUTHORITIES FROM AUGUST 1, 1997.
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