Circular No. 10/2015/TT-BTC dated January 29, 2015 of the Ministry of Finance detailing the implementation of the Prime Minister’s Decision No. 54/2014/QD-TTg of September 19, 2014, on import duty exemption for components imported to produce or assemble medical equipment prioritized for research and manufacture

IMPORT DUTY EXEMPTION FOR 5 YEARS FOR ASSEMBLE MEDICAL EQUIPMENT

On December 8, 2014, the Ministry of Industry and Trade issued the Circular No. 10/2015/TT-BTC Detailing the implementation of the Prime Minister’s Decision No. 54/2014/QD-TTg of September 19, 2014, on import duty exemption for components imported to produce or assemble medical equipment prioritized for research and manufacture.

Domestically unavailable components imported to produce or assemble medical equipment prioritized for research and assembly under investment projects shall be eligible for import duty exemption within 5 years from the date the projects commence producing or assembling products,  components include electronic, transistorized and mechanical parts imported to assemble finished products; devices used for manufacturing/assembling medical equipments with high priority enumerated; devices which cannot be manufactured in Vietnam, such as Angiography systems; Ultrasound machines, Transcranial Dopplers; Fetal monitors; Endoscopy systems; Reheographs; Medical ventilators; Lithotripters…

Within that, Imported domestically unavailable components shall be identified under the Ministry of Planning and Investment’s Circular No. 04/2012/TT-BKHDT of August 23, 2012. The 5-year duration of import duty exemption counting from the date a project commences production shall be determined under Clause 15, Article 100 of the Ministry of Finance’s Circular No. 128/2013/TT-BTC of September 10, 2013, on customs procedures; customs inspection and supervision; import duty, export duty and management of imports and exports.