Guidance on Procedures for Importing Auto Parts with 0% Tax Incentives

17:39, 10/07/2024

The General Department of Customs has recently issued Official Dispatch 1636/TCHQ-TXNK regarding the implementation of the preferential import tax program for automobile parts and components.

The content in the official dispatch guides enterprises to declare on the import goods declaration as follows:

- Type Code: Declare type code A43 - “Import of automobile components participating in the Import Tax Incentive Program” for imported automobile components under Group 98.49 intended for production and assembly;- Product Description: Declare the component code (coded by the enterprise for management purposes) + component name (detailed name, specifications, technical parameters, composition, model, characteristics, utility) + name of the proposed car model for production and assembly that has registered to participate in the program.

Note: The declaration of type code A43 only applies to automobile components used for production and assembly for the vehicle group registered to participate in the Incentive Program under Group 98.49 or of a type not yet produced domestically.

More details can be found in Official Dispatch 1636/TCHQ-TXNK issued on March 27, 2018.

Guidance on procedures for importing automobile components with 0% tax incentives

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