Conditions for Application of Special Preferential Import Tariff Rates between Vietnam and Cuba

13:57, 10/07/2024

On April 03, 2020, the Government of Vietnam issued Decree 39/2020/ND-CP on the Special Preferential Import Tariff Schedule of Vietnam to implement the Trade Agreement between the Government of the Socialist Republic of Vietnam and the Government of the Republic of Cuba for the period 2020 - 2023.

Conditions for preferential import tax rates, Vietnam, Cuba

Illustrative image (Source: Internet)

Decree 39/2020/ND-CP stipulates that imported goods eligible for the special preferential import tax rates under the Vietnam-Cuba Trade Agreement must meet the following conditions:

1. Belong to the Special Preferential Import Tariff attached to this Decree.

2. Be imported from Cuba into Vietnam.

3. Be transported directly from Cuba into Vietnam under the provisions of the Vietnam-Cuba Trade Agreement, specifically:

- Goods transported without passing through the territory of a non-member country; or

- Goods transported for the purpose of transit through a non-member country, including or not including transshipment or temporary storage in that country, under the following conditions:

- Transit is due to geographical reasons, handling, or transport requirements;- Goods do not engage in commercial transactions or consumption in the territory of the non-member country; and- Goods do not undergo any additional production or processing outside the territory of the non-member country, except for unloading, reloading, and splitting shipments or any necessary steps to preserve the goods in good condition.

4. Comply with the origin regulations under the Vietnam-Cuba Trade Agreement and have a Certificate of Origin (C/O) Form VN-CU.

Details can be found in Decree 39/2020/ND-CP, effective from May 20, 2020.

Le Hai

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