Methods of regulating tariff quotas for rice and dried unmanufactured tobacco originating from Cambodia in Vietnam

Methods of regulating tariff quotas for rice and dried unmanufactured tobacco originating from Cambodia in Vietnam
Le Truong Quoc Dat

The Minister of Industry and Trade of Vietnam issued Circular 06/2024/TT-BCT dated April 04, 2024 on prescribing import of rice and dried unmanufactured tobacco originating from Cambodia under tariff quotas for 2023 and 2024

Methods of regulating tariff quotas for rice and dried unmanufactured tobacco originating from Cambodia in Vietnam

Import tariff quotas for the goods mentioned in Article 2 of Circular 06/2024/TT-BCT will be regulated adopting the automatic deduction method at the customs authority where import procedures are followed. The automatic deduction of import quantities from the granted tariff quota quantity shall comply with guidelines given by the customs authority.

Goods and import tariff-rate quotas in 2023 and 2024 for rice and dried unmanufactured tobacco originating from Cambodia in Vietnam

Goods and import tariff-rate quotas in 2023 and 2024 for rice and dried unmanufactured tobacco originating from Cambodia in Vietnam are as follows:

- HS codes and the import tariff-rate quotas of rice and dried unmanufactured tobacco originating from the Kingdom of Cambodia are elaborated in Appendix II enclosed with Decree 05/2024/ND-CP introducing Vietnam's special preferential import tariffs schedule for implementation of Bilateral trade promotion agreement between the Government of the Socialist Republic of Vietnam and the Government of the Kingdom of Cambodia for the 2023-2024 period (hereinafter referred to as “Decree 05/2024/ND-CP”).

- The import tariff-rate quotas in 2023 as prescribed in clause 1 of Article 2 of Circular 06/2024/TT-BCT shall apply to declarations registered with customs authorities within the period commencing on June 02, 2023 and ending on December 31, 2023.

- The import tariff-rate quotas in 2024 as prescribed in clause 1 of Article 2 of Circular 06/2024/TT-BCT shall apply to declarations registered with customs authorities within the period commencing on January 01, 2024 and ending on December 31, 2024.

More details can be found in Circular 06/2024/TT-BCT which comes into force from May 20, 2024 to December 31, 2024.

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