This Decision amends the preferential import tariff rates and domestic content ratios for certain two-wheeled motorbike parts. The document adjusts specific tariff rates for each type of part and specifies corresponding domestic content ratios according to the tariff rate.
Scope of application
Enterprises producing, assembling, and importing two-wheeled motorbike parts
Key points
- Enterprises producing and assembling two-wheeled motorbikes must comply with a domestic content ratio ranging from 1% to 80% depending on the tariff rate (Article 2).
- Preferential import tariff rates for two-wheeled motorbike parts are specifically adjusted as follows: springs at 5%, pins at 40%, repair tools at 40%, and batteries at 50% (Article 1).
- This Decision applies to import declarations submitted within 15 days following the date of issuance.
- Parts with a domestic content ratio below 20% will be subject to a tariff rate of 30%, between 20% and 35% will be subject to a 20% rate, and the rate will increase progressively according to the domestic content ratio (Article 2).
- The preferential import tariff rate for two-wheeled motorbike parts may reach up to 50% depending on the level of domestic content of the product.
🌐 Social impact of this document
- To enhance the domestic content ratio in the automotive and motorcycle industry, promoting the development of domestic production technology.
- Increase import costs for enterprises that fail to meet the domestic content requirements.
- Encourage investment in research and development to improve the ability to produce parts domestically.
- May increase the final product cost, affecting consumers.
❓ Frequently asked questions
What is the preferential import tariff rate for springs of two-wheeled motorbikes?
Springs of two-wheeled motorbikes have a preferential import tariff rate of 5%.
Which parts have a preferential import tariff rate of 40%?
Repair tools, pins, and seat locks of two-wheeled motorbikes all have a preferential import tariff rate of 40%.
For parts with a domestic content ratio between 20% and 35%, what is the preferential import tariff rate?
Two-wheeled motorbike parts with a domestic content ratio between 20% and 35% will be subject to a preferential import tariff rate of 20%.
What is the preferential import tariff rate for parts with a domestic content ratio over 80%?
Two-wheeled motorbike parts with a domestic content ratio over 80% will be subject to a preferential import tariff rate of 3%.
When does this Decision apply to import declarations?
This Decision takes effect and applies to import declarations submitted within 15 days following the date of issuance.
Full text
| MINISTRY OF FINANCE |
SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness |
| Number: 66/2002/QĐ/BTC | Hanoi, May 22, 2002 |
DECISION OF THE MINISTER OF FINANCE
Regarding the amendment of import duties on certain two-wheeled motorbike parts, the adjustment of the domestic content ratio framework, and the preferential import duty rate based on the domestic content ratio for two-wheeled motorbike parts
-----------------------------------------------------------
THE MINISTER OF FINANCE
Pursuant to Decree No. 15/CP dated March 2, 1993 of the Government on the tasks, powers, and responsibilities for state management of ministries and ministerial-level agencies;
BASED ON DECREE NO. 178/CP DATED OCTOBER 28, 1994 OF THE GOVERNMENT ON THE TASKS, POWERS AND ORGANIZATIONAL STRUCTURE OF THE MINISTRY OF FINANCE;
Pursuant to Decision No. 38/2002/QĐ-TTg dated March 14, 2002 of the Prime Minister on the management of production, assembly, and importation of two-wheeled motorbike parts;
Pursuant to the guidance of the Prime Minister in Notification No. 15/TB-VPCP dated January 25, 2002, which includes the conclusions of the Prime Minister regarding the management of production, assembly, and importation of two-wheeled motorbikes;
Based on the production, assembly, consumption situation of two-wheeled motorbike parts, and the implementation status of domestic content ratios for motorcycles and two-wheeled motorbike parts;
After exchanging opinions with relevant Ministries and at the proposal of the Director General of the General Department of Taxation;
DECISION:
Article 1:Amend the preferential import duty rates for certain two-wheeled motorbike parts specified in the Preferential Import Tariff Schedule issued together with Decision No. 1803/1998/QĐ-BTC dated December 11, 1998, and the List of Two-Wheeled Motorbike Parts Adjusted to Increase Preferential Import Duty Rates issued together with Decision No. 02/2002/QĐ-BTC dated January 9, 2002, of the Minister of Finance, to new preferential import duty rates as follows:
|
Serial number |
Item Name |
Group of goods in the Preferential Import Tariff Schedule |
Rate of duty (%) |
|
1 |
Rubber parts of two-wheeled motorbikes |
4016 |
40 |
|
2 |
Springs of two-wheeled motorbikes |
7320 |
5 |
|
3 |
Locks of two-wheeled motorbikes |
7318 |
40 |
|
4 |
Individual tools or complete sets of tools and equipment of two-wheeled motorbikes |
8202 8203 8204 8205 8206 |
40 40 40 40 40 |
|
5 |
Seat locks and electric locks of two-wheeled motorbikes |
8301 |
40 |
|
6 |
Battery holders of two-wheeled motorbikes |
8302 |
40 |
|
7 |
Batteries of two-wheeled motorbikes |
8507 |
50 |
Article 2: Amend the domestic content ratio (%) and the preferential import duty rate based on the domestic content ratio (%) for two-wheeled motorbike parts specified in Point 1.2 of the Appendix issued together with Decision No. 1944/1998/QĐ/BTC dated December 25, 1998, of the Minister of Finance, to new domestic content ratios and preferential import duty rates based on domestic content ratios as follows:
|
Domestic content ratio (%) rate (%) |
Preferential import duty rate based on domestic content ratio (%) (%) |
|||
|
Parts with preferential import duty rate of 30% preferential import duty rate of 40% |
Parts with Parts with preferential import duty rate of 50% |
Other parts 1- Below 20 |
||
|
Engine |
2- From 20 to 35 |
|||
|
3- Above 35 to 45 4- Above 45 to 55 5- Above 55 to 65 6- Above 65 to 80 7- Above 80 This Decision shall take effect and be applied to import declarations submitted to customs authorities within fifteen days from the date of issuance. All previous regulations that conflict with this Decision are hereby repealed. Place of receipt: |
30 20 15 10 7 5 3 |
40 30 20 10 7 5 3 |
50 30 20 10 7 5 3 |
504030201075 |
Article 3:- Central Party Committee Office, National Assembly Office, President's Office
- Supreme People's Court, Supreme People's Procuracy (signed)CERTIFIED BY THE MINISTER OF FINANCE
- Government, Official GazetteDEPUTY MINISTER
- Provincial People's Committees, Departments of Finance, Taxation Bureaus, Treasury- Archive: Office (Taxation, Legal Affairs), General Tax Corporation (Legal Affairs, Staff 3)
- Central-affiliated provincial/municipal People's Committees,
issued by the Government, Official Gazette Vu Van Ninh
- Department of Planning and Investment, Department of Finance, Tax Department, Treasury
- File: Office, Accounting System Department, General Tax Department
- Units under the Ministry of Finance
- To be filed: Office (Legal, Administrative), General Corporation (Administrative, Section 3)
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