Circular No. 58/2010/TT-BTC stipulates the Special Preferential Import Tariff Schedule of Vietnam for the implementation of the ASEAN-India Free Trade Area for the period 2010-2012, to be applied from June 1, 2010. The AIFTA tariff rate applies to goods imported from countries such as Malaysia, Singapore, Thailand, and India.
Key points
- Goods imported from Malaysia, Singapore, Thailand, and India will be subject to the AIFTA tariff rate (from June 1, 2010 to December 31, 2012).
- The AIFTA tariff rate is specified according to the first ten digits of the Harmonized System Code 2007.
- To apply the AIFTA tariff rate, goods must meet the following conditions: listed in the Special Preferential Import Tariff Schedule issued together with this Circular; imported from countries on the list; transported directly to Vietnam; and have an ASEAN-India Certificate of Origin.
- This Circular takes effect from June 1, 2010, applicable to customs declarations registered from June 1, 2010.
🌐 Social impact of this document
- Positive impact: Reducing import costs of goods from countries within the ASEAN-India Free Trade Area, helping businesses save costs and enhance exports.
- Negative impact: Businesses need time to adapt to new rules on origin of goods, which may cause initial difficulties.
❓ Frequently asked questions
Which countries does the AIFTA tariff rate apply to?
The AIFTA tariff rate applies to goods imported from Malaysia, Singapore, Thailand, and India. The list of countries may change according to announcements by the Ministry of Finance.
What goods will be subject to the AIFTA tariff rate?
Goods imported from Malaysia, Singapore, Thailand, and India will be subject to the AIFTA tariff rate if they meet the conditions stipulated in this Circular.
For how long will the AIFTA tariff rate be applied?
The AIFTA tariff rate will be applied from June 1, 2010 to December 31, 2012.
What conditions must goods meet to be subject to the AIFTA tariff rate?
Goods must be listed in the Special Preferential Import Tariff Schedule issued together with this Circular, imported from countries on the list, transported directly to Vietnam, and have an ASEAN-India Certificate of Origin.
Who is this Circular applicable to?
This Circular is applicable to enterprises importing goods from countries within the ASEAN-India Free Trade Area.
Full text
Article 1. Attached hereto is the Special Preferential Import Tariff Schedule of Vietnam for the implementation of the ASEAN-India Free Trade Area for the period 2010-2012 (the applicable tariff rate abbreviated as AIFTA rate), applicable to import customs declarations registered with customs authorities from June 1, 2010.
+ Column "Commodity Code" and Column "Description of Goods" are based on the Harmonized System 2007 and classified at the 10-digit level;
+ Column "AIFTA Rate", the applicable tariff rate for each year, from January 1 to December 31 of that year (except for 2010, which applies from June 1, 2010 to December 31, 2010).
Article 2: Imported goods must meet the following conditions to be eligible for the AIFTA rate:
a) They must be included in the Special Preferential Import Tariff Schedule issued together with this Circular.
b) They must be imported from the following countries:
|
Serial number |
Name of the country |
|
1 |
Malaysia |
|
2 |
Republic of Singapore |
|
3 |
Kingdom of Thailand |
|
4 |
Republic of India |
An additional list of countries eligible for the AIFTA rate will be announced by the Ministry of Finance.
c) They must be directly transported from the exporting country specified in Point (b) above to Vietnam, in accordance with regulations of the Ministry of Industry and Trade;
d) They must comply with the ASEAN-India Origin Regulations and have an ASEAN-India Certificate of Origin (AI Form) as prescribed by the Ministry of Industry and Trade.
Article 3. This Circular takes effect from June 1, 2010. Any difficulties encountered during implementation should be reported promptly so that the Ministry of Finance can provide supplementary guidance as necessary./.
DEPUTY MINISTER
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