Decision No. 68/2003/QD-BTC of the Minister of Finance abolishes the application of minimum import tax value for ceramic tiles imported from the EU, instead allowing the application of import tax value based on foreign trade purchase contracts. This decision shall take effect from the date of publication in the Official Gazette.
Scope of application
Import enterprises importing ceramic tiles from EU countries
Key points
- Enterprises importing ceramic tiles from the EU may apply the import tax value based on foreign trade purchase contracts if they meet the conditions: having an origin certificate, the transport document showing the goods being transported from an EU port, and ensuring the conditions stipulated in Circular No. 08/2002/TT-BTC.
- If these conditions are not met, they must apply the minimum import tax value according to the previous regulations.
🌐 Social impact of this document
- Enterprises will reduce import tax costs when importing ceramic tiles from the EU, thereby increasing profits.
- However, enterprises need to comply with complex conditions to be eligible to apply the import tax value based on foreign trade purchase contracts.
❓ Frequently asked questions
When can enterprises apply the minimum import tax value?
Enterprises can only apply the minimum import tax value if the imported goods from the EU meet the conditions: having an origin certificate, the transport document showing the goods being transported from an EU port, and ensuring the conditions stipulated in Circular No. 08/2002/TT-BTC.
When does this decision come into effect?
This decision shall take effect from the date of publication in the Official Gazette and shall apply to all import declarations submitted to customs authorities within fifteen days following the date of publication in the Official Gazette.
What should enterprises do if they do not meet the conditions?
If enterprises do not meet the conditions to apply the import tax value based on foreign trade purchase contracts, they must apply the minimum import tax value according to the previous regulations.
To which types of goods does this decision apply?
This decision applies to ceramic tiles imported from countries belonging to the European Union (EU).
Is it necessary to register or notify the tax authority when applying the import tax value based on foreign trade purchase contracts?
The document does not specify any specific registration or notification requirements; enterprises should refer to Circular No. 08/2002/TT-BTC for detailed procedures.
Full text
Pursuant to …;
Regarding the abolition of the application of minimum import tax value for ceramic tiles imported from the EU
Imported ceramic tiles originating from the EU
__________________
THE MINISTER OF FINANCE
Pursuant to Decree No. 86/2002/NĐ-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. 178/CP dated October 28, 1994 of the Government on the tasks, powers, and organizational structure of the Ministry of Finance;
Pursuant to the authority and principles for determining the taxable value for export duties and import duties as stipulated in Article 7 of Decree No. 54/CP dated August 28, 1993 of the Government detailing the implementation of the Law on Export Duties and Import Duties;
Pursuant to the guidance of the Prime Minister in Circular No. 288/CP-QHQT dated March 17, 2003 regarding the implementation of the Agreement Amending the Textile Agreement with the EU;
Pursuant to Circular No. 08/2002/TT-BTC dated January 23, 2002 of the Ministry of Finance guiding the implementation of the application of import tax value based on foreign trade purchase contracts.
Pursuant to …;
Article 1. Abolish the application of the minimum import tax value and allow the application of the import tax value based on foreign trade purchase contracts for imported ceramic tiles originating from countries within the European Union (EU) if the imported goods meet the following conditions:
- Possess a Certificate of Origin (C/O) issued by the competent authority of EU member states;
- The bill of lading shows that the goods are transported from an EU port;
- Fulfill all conditions specified in Point 1, Section III of Circular No. 08/2002/TT-BTC dated January 23, 2002 of the Ministry of Finance guiding the implementation of the application of import tax value based on foreign trade purchase contracts
In cases where imported goods do not meet the above conditions, the minimum import tax value must be applied in accordance with the regulations.
Article 2. This Decision shall take effect and apply to all import declarations submitted to customs authorities after 15 days from the date this Decision is published in the Official Gazette. All previous provisions contrary to this Decision are hereby abolished./.
DEPUTY MINISTER
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