Circular No. 01/2016/TT-BCT dated January 05, 2016 of the Ministry of Industry and Trade Prescribing the import of unmanufactured tobacco under 2016 tariff quota

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Issuing body:	Ministry of Industry and Trade	Effective date:	Known Please log in to a subscriber account to use this function. Don’t have an account? Register here
Official number:	01/2016/TT-BCT	Signer:	Tran Tuan Anh
Type:	Circular	Expiry date:	Known Please log in to a subscriber account to use this function. Don’t have an account? Register here
Issuing date:	05/01/2016	Effect status:	Known Please log in to a subscriber account to use this function. Don’t have an account? Register here
Fields:	Export - Import , Tax - Fee - Charge

SUMMARY

Quantity of unmanufactured tobacco imported in 2016 is 48,620 tons

This content is regulated under the Ministry of Industry and Trade’s Circular No. 01/2016/TT-BCT dated January 05, 2016 prescribing the import of unmanufactured tobacco under 2016 tariff quota.

Specifically, the quantity of unmanufactured tobacco (HS Code 2401) imported under 2016 tariff quota is 48,620 tons, increasing by 2,315 tons compared with that of 2015; Import tariff quota is not applicable to unmanufactured tobacco originated from ASEAN countries. Unmanufactured tobacco import tariff quota shall be allocated to traders licensed for cigarette production by the Ministry of Industry and Trade that have the demand to use a specific rate of imported unmanufactured tobacco for cigarette production as certified by the Ministry of Industry and Trade.

This Circular takes effect from January 5, 2016, through December 31, 2016.

Applying preferential import tariff for imports from Korea

On December 16, 2015, the Ministry issued the Circular No. 201/2015/TT-BTC promulgating Vietnam’s Special Preferential Import Tariff for implementation of the Vietnam-Republic of Korea Free Trade Agreement during 2015-2018.

Accordingly, in 2016 - 2018, many goods imported from Korea shall be applied duty rate of 0%.

To be eligible for the Vietnam-Korea Free Trade Agreement duty rates, imports must be imported from Korea to Vietnam; Being specified in the Special Preferential Import Tariff; Being transported directly from Korea to Vietnam under the Ministry of Industry and Trade’s regulations; Complying with the rules of origin of goods in the Vietnam-Korea Free Trade Agreement and having a KV certificate of origin (abbreviated to C/O KV) as required by the Ministry of Industry and Trade.

This Circular takes effect on December 20, 2015.

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Effect status: Known

THE MINISTRY OF INDUSTRY AND TRADE

No. 01/2016/TT-BCT

THE SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness

Hanoi, January 5, 2016

CIRCULAR

Prescribing the import of unmanufactured tobacco under 2016 tariff quota[1]

Pursuant to the Government’s Decree No. 95/2012/ND-CP of November 12, 2012, defining the functions, duties, powers and organizational structure of the Ministry of Industry and Trade;

Pursuant to the Government’s Decree No. 187/2013/ND-CP of November 20, 2013, detailing the implementation of the Commercial Law regarding international goods sale and purchase and goods sale, purchase, processing, agency and transit activities with foreign countries;

At the proposal of the director of the Import-Export Department,

The Minister of Industry and Trade promulgates the Circular prescribing the import of unmanufactured tobacco under 2016 tariff quota.

Article 1.Import tariff quota in 2016

The quantity of unmanufactured tobacco (HS Code 2401) imported under 2016 tariff quota is 48,620 tons.

Article 2.Principles of regulation

1. Principles of import tariff quota allocation

The allocation of unmanufactured tobacco import tariff quota must comply with the Ministry of Industry and Trade’s Circular No. 04/2014/TT-BCT of January 27, 2014, detailing a number of articles of the Government’s Decree No. 187/2013/ND-CP of November 20, 2013, detailing the implementation of the Commercial Law regarding international goods sale and purchase and goods sale, purchase, processing, agency and transit activities with foreign countries.

Import tariff quota is not applicable to unmanufactured tobacco (HS Code 2401) originated from ASEAN countries. The import of unmanufactured tobacco from ASEAN countries must comply with the Ministry of Industry and Trade’s Circular No. 07/2015/TT-BCT of May 12, 2015, on non-application of tariff quotas for unmanufactured tobacco originated from ASEAN countries.

2. Subjects of import tariff quota allocation

Unmanufactured tobacco import tariff quota shall be allocated to traders licensed for cigarette production by the Ministry of Industry and Trade that have the demand to use a specific rate of imported unmanufactured tobacco for cigarette production as certified by the Ministry of Industry and Trade.

Article 3.Effect

This Circular takes effect from January 5, 2016, through December 31, 2016.-

For the Minister of Industry and Trade
Deputy Minister
TRAN TUAN ANH

[1]Công Báo Nos 91-92 (21/01/2016)

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