Decision No. 59/2005/QD-BTC of the Ministry of Finance does not apply tariff quotas to imported goods meeting the conditions for enjoying the CEPT preferential tariff rate, as stipulated in Circular No. 45/2005/TT-BTC. This Decision shall take effect fifteen days from the date of publication in the Official Gazette.
Key points
- Imported goods meeting the conditions for enjoying the CEPT preferential tariff rate shall not be subject to tariff quotas
- This Decision shall take effect fifteen days from the date of publication in the Official Gazette
🌐 Social impact of this document
- Reducing import costs for businesses, enhancing the competitiveness of domestic products
- Strengthening economic and trade cooperation between Vietnam and ASEAN countries
❓ Frequently asked questions
To which types of goods does this Decision apply?
This Decision does not apply tariff quotas to imported goods meeting the conditions for enjoying the CEPT preferential tariff rate, as stipulated in Circular No. 45/2005/TT-BTC.
When will this Decision take effect?
This Decision shall take effect fifteen days from the date of publication in the Official Gazette.
What must businesses do to enjoy the CEPT preferential tariff rate?
Businesses must import goods included in the list of tariff-preferential items under the ASEAN CEPT Agreement, meeting the conditions set out in Circular No. 45/2005/TT-BTC.
Which goods are not subject to tariff quotas?
Imported goods included in the list of tariff-preferential items CEPT, meeting the conditions set out in Circular No. 45/2005/TT-BTC.
How will this Decision affect businesses?
Businesses will reduce their burden of import costs, enhance the competitiveness of domestic products, and strengthen economic and trade cooperation with ASEAN countries.
Full text
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MINISTRY OF FINANCE |
SOCIALIST REPUBLIC OF VIETNAM |
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Number: 59/2005/QD-BTC |
Hanoi, August 19, 2005 |
Pursuant to …;
Regarding the non-application of tariff quotas for imported goods meeting the conditions to apply the CEPT tariff rate
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. 86/2002/ND-CP dated November 5, 2002 of the Government stipulating the functions, tasks, powers, and organizational structure of Ministries and Ministerial-level Agencies;Pursuant to Decree No. 77/2003/ND-CP dated July 1, 2003 of the Government on the tasks, powers, and organizational structure of the Ministry of Finance;
At the request of the Director of the Tax Policy Department;
DECISION:
Article 1. The application of tariff quotas shall not be imposed on imported goods satisfying the conditions to enjoy the CEPT tariff rate as prescribed in Circular No. 45/2005/TT-BTC dated June 6, 2005 of the Ministry of Finance guiding the list of goods and tariff rates of Vietnam for implementing the Agreement on the Trade Liberalization Scheme (CEPT) among ASEAN countries and which fall within the scope of goods subject to tariff quotas as set out in Decisions No. 126/2003/QD-BTC dated August 7, 2003, No. 36/2004/QD-BTC dated April 15, 2004, and No. 16/2005/QD-BTC dated March 28, 2005 of the Minister of Finance on the issuance and adjustment of the list of goods and import tariff rates subject to tariff quotas.
Article 2. This Decision takes effect fifteen days from the date of publication in the Official Gazette./.
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Deputy Minister Vice Minister (Signed) Truong Chi Trung |
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