Decision No. 57/2005/QD-BTC on amending the preferential import tariff rates for automobile spare parts and components in the Preferential Import Tariff Schedule.

DECISION OF THE MINISTER OF FINANCE

Regarding the amendment of preferential import tax rates for automobile spare parts and components in the Preferential Import Tariff Schedule

items of automobile spare parts and accessories in the List of Import Preferential Tariffs

THE MINISTER OF FINANCE

Based on the Tariff Schedule according to the List of Goods Subject to Import Tax issued together with Resolution No. 63/NQ-UBTVQH10 dated October 10, 1998 of the Standing Committee of the National Assembly, which has been amended and supplemented by Resolution No. 399/2003/NQ-UBTVQH11 dated June 19, 2003 of the Standing Committee of the National Assembly regarding the amendment and supplementation of the Tariff Schedule according to the List of Goods Subject to 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;

Based on Article 1 of Decree No. 94/1998/NĐ-CP dated November 17, 1998 of the Government detailing the implementation of the Law Amending and Supplementing Certain Provisions of the Law on Export Tax and Import Tax No. 04/1998/QH10 dated May 20, 1998;

Implementing the directive of the Prime Minister as stated in Circular No. 3028/VPCP-KTTH dated June 3, 2005 of the Office of the Government concerning the tax policy for automobiles and automobile spare parts and components;

Based on the proposal of the Director of the Tax Policy Department;

DECISION:

Article 1. Issuing along with this Decision the List (including List I and List II) and the preferential import tax rates for automobile spare parts and components.

For items not specifically detailed in List II, the preferential import tax rate shall be applied as prescribed in List I.

Article 2. This Decision shall take effect and apply to customs declarations for imported goods registered with customs authorities from January 1, 2006.

Article 3. During the period from January 1, 2006 to December 31, 2006, enterprises may choose to implement the preferential import tax rate according to the CKD kit as stipulated in Decision No. 110/2003/QĐ-BTC dated July 25, 2003 of the Minister of Finance or the preferential import tax rate for each individual automobile spare part and component as stipulated in this Decision.

An enterprise choosing to implement the tax rate according to the CKD kit or the tax rate for each individual spare part and component for a particular type of vehicle must register in writing at a local Customs Department that it finds convenient and adhere to the registration throughout the transition period.

Article 4. Enterprises producing and assembling automobiles that are ready to implement the preferential import tax rate for each individual automobile spare part and component as issued in this Decision may apply a pilot program 15 days after the date of publication of this Decision in the Official Gazette.

Enterprises wishing to apply the pilot program must submit a written request to the Ministry of Finance and obtain permission from the Ministry of Finance to implement the pilot program.

Article 5. From January 1, 2007, the unified preferential import tax rate for each individual automobile spare part and component as issued in this Decision shall be implemented, and the preferential import tax rate for automobile CKD and IKD kits as stipulated in List I and List II issued together with Decision No. 110/2003/QĐ-BTC dated July 25, 2003 of the Minister of Finance shall be abolished./.