The lists of commodities and import duty rates imposed on commodities subject to tariff-rate quotas in Vietnam
What are regulations on the lists of commodities and import duty rates imposed on commodities subject to tariff-rate quotas in Vietnam? Please get back to me. Thank you.
The lists of commodities and import duty rates imposed on commodities subject to tariff-rate quotas in Vietnam (Image from the Internet)
According to the provisions of Clause 7, Article 1 of Decree 125/2017/ND-CP amending Decree 122/2016/ND-CP on export duty schedule, preferential import duty schedule, lists of commodities and their flat tax rates, compound tax rates and outside tariff quota rates:
1. The list of commodities subject to tariff-rate quota includes certain commodities of heading 04.07; 17.01; 24.01 and 25.01 prescribed in Appendix IV of the Decree.
2. Annual import tariff-rate quotas on the commodities mentioned in Clause 1 of this Article shall comply with regulations issued by the Ministry of Industry and Trade. If international treaties to which the Socialist Republic of Vietnam is a signatory contain tariff-rate quotas on import of the commodities prescribed in Clause 1 of this Article, these international treaties shall be applied.
3. Inside tariff quota rates are specified as follows:
a) If the commodities prescribed in Clause 1 of this Article are imported within the annual import tariff-rate quotas prescribed by the Ministry of Industry and Trade, they will be entitled to preferential import duty rates prescribed in Section I Appendix II of the Decree or special preferential import duty rates prescribed in the special preferential import duty schedules (if they satisfy all conditions for entitlement to special preferential import duty rate) issued together with the Government’s Decrees on promulgating special preferential import duty schedule for implementation of international treaties).
b) If international treaties to which the Socialist Republic of Vietnam is a signatory contain import quotas and import duty rates imposed on the commodities prescribed in Clause 1 of this Article, the import quotas and import duty rates within quotas prescribed in the Government’s Decrees on promulgating special preferential import duty schedule for implementation of international treaties will be applied.
c) If international treaties to which the Socialist Republic of Vietnam is a signatory only stipulate special preferential import duty rates, the commodities will not exceed annual import quotas prescribed by the Ministry of Industry and Trade mentioned in Point a of this Clause to be entitled to special preferential import duty rates.
4. OTQR are specified as follows:
a) The commodities prescribed in Clause 1 of this Article whose imported quantity exceeds the annual import quotas prescribed by the Ministry of Industry and Trade will be subject OTQRs prescribed in Appendix IV of this Decree.
b) If international treaties to which the Socialist Republic of Vietnam is a signatory contain import quotas and/or OTQRs imposed on the commodities mentioned in Clause 1 of this Article, the Government’s Decrees on promulgating special preferential import duty schedules for implementation of these international treaties will be applied. If the OTQRs prescribed in international treaties is greater than those prescribed in Appendix IV of this Decree, the OTQRs specified in the Appendix IV will be imposed
Above is the content regulating the lists of commodities and import duty rates imposed on commodities subject to tariff-rate quotas. For more information, you can refer to Decree 125/2017/ND-CP.
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