Decision No. 55/2005/QD-BTC on the rate of import tax for textile and garment products originating from Australia

Pursuant to …;

Regarding the rate of import tax on textile and garment products originating from Australia

THE MINISTER OF FINANCE

Pursuant to the Law on Export Tax and Import Tax and the Laws amending and supplementing the Law on Export Tax and Import Tax;

Pursuant to Decree No. 77/2003/NĐ-CP dated July 1, 2003 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;

Pursuant to the Bilateral Economic and Trade Cooperation Agreement signed on June 14, 1990 between Vietnam and Australia;

At the proposal of the Director of the Tax Policy Department;

DECISION:

Article 1: Textile and garment consignments with certificates of origin from Australia shall be subject to the import tariff rates published for the year 2005 under Decision No. 192/2003/QĐ-BTC dated November 25, 2003 of the Minister of Finance on the issuance of the list of goods and import tariff rates to implement the reduction schedule of import tariffs according to the Bilateral Agreement on Textiles and Clothing between Vietnam and the European Community (EC) for the period 2003-2005; Decision No. 13/2005/QĐ/BTC dated March 8, 2005 of the Minister of Finance on the implementation of commitments under the Agreement between Vietnam and the European Community on market access; and the Bilateral Agreement on Textiles and Clothing between Vietnam and the United States for the year 2005.

Article 2: For items with import tariff rates specified in Article 1 above that are higher than the Most-Favored-Nation (MFN) import tariff rates currently stipulated in the Preferential Import Tariff Schedule, the applicable import tariff rate for these items shall be the MFN import tariff rate.

Article 3: This Decision shall take effect and apply to import declaration forms registered with customs authorities fifteen days after its publication in the Official Gazette. Ministers of Ministries, Heads of ministerial-level agencies, Heads of central government agencies, People's Committees of provinces and centrally-administered cities shall coordinate to enforce this Decision./.