This Decision sets the preferential import tax rate at 5% for shaped lamp bulbs imported by Samsung Vina Electronics Company from Malaysia under the AICO mechanism. A lower tax rate will be applied if it becomes effective in the CEPT Agreement.
Scope of application
Samsung Vina Electronics Company
Key points
- When importing spherical shaped lamp bulbs 14 inches, flat shaped lamp bulbs 15 inches, and spherical shaped lamp bulbs 20 inches from Malaysia, Samsung Vina Electronics Co., Ltd. shall enjoy a preferential tax rate of 5% (Article 1).
- If a lower tax rate is provided in the CEPT Agreement, that rate shall be applied instead of 5% (Article 1).
- Upon importation, Samsung Vina must present the AICO Product Certificate and Certificate of Origin Form D issued by the Malaysian authority (Article 2).
- The quantity of shaped lamp bulbs imported under the preferential tax rate specified in Article 1 shall comply with the regulations of the Ministry of Industry (Article 3).
- In case of misuse, Samsung Vina will be subject to back taxes and penalties as prescribed (Article 4).
🌐 Social impact of this document
- Samsung Vina benefits from a lower preferential import tax rate.
- Other enterprises may suffer losses if they do not enjoy similar advantages.
- Strict management of the use of the AICO structure helps ensure compliance with international commitments.
❓ Frequently asked questions
What is the import tax rate for shaped lamp bulbs when Samsung Vina imports them from Malaysia?
The tax rate is 5%, but if the CEPT Agreement provides a lower rate, that rate will be applied.
What documents does the company need to present when importing shaped lamp bulbs?
The AICO Product Certificate and Certificate of Origin Form D issued by the Malaysian authority.
Is there a limit to the quantity of shaped lamp bulbs that can be imported under the preferential tax rate?
Yes, the quantity must comply with the regulations of the Ministry of Industry.
Full text
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MINISTRY OF FINANCE |
SOCIALIST REPUBLIC OF VIETNAM |
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Number: 74/2002/ND-BTC |
Hanoi, June 6, 2002 |
Pursuant to …;
DECISION NO. 74/2002/ND-BTC OF THE MINISTER OF FINANCE ON JUNE 6, 2002 REGARDING THE IMPORT DUTY RATE FOR CERTAIN ITEMS OF ROUNDED-TUBE CATHODE-RAY TUBES IMPORTED BY SAMSUNG VINA ELECTRONICS COMPANY UNDER THE AICO STRUCTURE
THE MINISTER OF FINANCE
Pursuant to Article 4 of the Law on Export Tax and Import Tax which was adopted by the National Assembly of the Socialist Republic of Vietnam at its eighth session, tenth meeting on December 26, 1991;
Pursuant to the Framework Agreement on ASEAN Industrial Cooperation signed by the Economic Ministers of the ASEAN countries on April 27, 1996 in Singapore;
Pursuant to the opinions of the Prime Minister expressed in Circular No. 1896/VPUB dated April 22, 1996 regarding the ASEAN Industrial Cooperation Agreement; Circular No. 5949/VPCP-TCQT dated December 5, 2001 of the Government Office and Circular No. 1488/CV-HTQT dated April 29, 2002 of the Ministry of Industry on the implementation of the AICO structure for Samsung;
Pursuant to Decision No. 07/1998/QD-BCN dated February 2, 1998 of the Minister of Industry on the issuance of "Regulations on the examination, approval, and management of the ASEAN Industrial Cooperation Structure (AICO)", Decision No. 46/2001/QD-BCN dated October 12, 2001 of the Minister of Industry on the issuance of the Regulations on the Management and Implementation of the ASEAN Industrial Cooperation Structure (AICO Structure), and Certificate of AICO Product No. Samsung/2002/1 issued by the Secretariat of the Association of Southeast Asian Nations on April 8, 2002;
DECISION:
Article 1: When importing rounded-tube cathode-ray tubes of 14 inches, flat cathode-ray tubes of 15 inches, and rounded-tube cathode-ray tubes of 20 inches from Samsung SDI (Malaysia) Berhad under the AICO structure, Samsung Vina Electronics Co., Ltd shall be subject to an import duty rate of 5% (five percent) based on tariff item number 8540.11.10 or 8540.11.90 in the Preferential Import Tariff Schedule.
In case the import duty rate for rounded-tube cathode-ray tubes in the Preferential Import Tariff Schedule or in the list of goods and their respective rates for implementing the ASEAN Common Effective Preferential Tariff Scheme (CEPT) issued by the Government is lower than 5%, then the lower rate shall apply.
Article 2: Upon importation, Samsung Vina Electronics Co., Ltd must present:
- Certificate of AICO Product No. Samsung/2002/1 issued by the ASEAN Secretariat on April 8, 2002 (certified copy);
- Certificate of Origin Form D issued by the authorized authority of Malaysia according to the regulations of the Ministry of Trade on Certificates of Origin under the CEPT Agreement;
Article 3: The quantity of rounded-tube cathode-ray tubes imported by Samsung Vina Electronics Co., Ltd and benefiting from the preferential import duty rate specified in Article 1 of this Decision shall be implemented in accordance with the regulations of the Ministry of Industry.
Article 4: The provisions on the organization and management of the AICO structure shall be implemented in accordance with Decision No. 07/1998/QD-BCN dated February 2, 1998, Decision No. 46/2001/QD-BCN dated October 12, 2001 of the Minister of Industry, and other reporting mechanisms of the Ministry of Industry. In case it is found that Samsung Vina Electronics Co., Ltd has misused the purpose according to the commitments and amendments attached in the application file for the AICO structure approved by the Government, the Ministry of Industry shall notify the General Department of Customs to instruct the local Customs Office to recover the import duties and impose penalties as prescribed.
Article 5: This Decision takes effect and applies to all customs declarations for imported goods submitted to the Customs authorities starting from May 22, 2002.
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Vu Van Ninh (Signed) |
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