Circular No. 24/2015/TT-BTC dated April 14, 2015 of the Ministry of Finance promulgating Vietnam’s Special Preferential Import Tariff to implement the ASEAN-Japan Comprehensive Economic Partnership Agreement during 2015-2019

CIRCULAR

Promulgating Vietnam’s Special Preferential Import Tariff to implement the ASEAN-Japan Comprehensive Economic Partnership Agreement during 2015-2019[1]

Pursuant to June 14, 2005 Law No. 45/2005/QH11 on Import Duty and Export Duty;

Pursuant to the Government’s Decree No. 87/2010/ND-CP of August 13, 2010, detailing a number of articles of the Law on Import Duty and Export Duty;

Pursuant to the Government’s Decree No. 215/2013/ND-CP of December 23, 2013, defining the functions, duties, powers and organizational structure of the Ministry of Finance;

In implementation of the Agreement on Comprehensive Economic Partnership between the Association of Southeast Asian Nations (ASEAN) and Japan, which was concluded in Brunei Darussalam on April 3, 2008, in Cambodia on April 7, 2008, in Indonesia on March 31, 2008, in Laos on April 4, 2008, in Malaysia on April 14, 2008, in Myanmar on April 10, 2008, in the Philippines on April 2, 2008, in Singapore on March 26, 2008, in Thailand on April 11, 2008, in Vietnam on April 1, 2008, and in Japan on March 28, 2008, and approved by the Prime Minister of the Socialist Republic of Vietnam in Official Letter No. 1346/TTg-QHQT of August 15, 2008;

At the proposal of the Director of the Department of International Cooperation;

The Minister of Finance promulgates the Circular specifying duty rates of Vietnam’s Special Preferential Import Tariff to implement the ASEAN-Japan Comprehensive Economic Partnership Agreement during 2015-2019, as follows:

Article 1.To promulgate together with this Circular Vietnam’s Special Preferential Import Tariff to implement the ASEAN-Japan Comprehensive Economic Partnership Agreement during 2015-2019 (applicable special preferential duty rates are below referred to as AJCEP duty rates).

1. The columns “Goods heading” and “Goods description” are developed based on the 2012 ASEAN Harmonized Tariff Nomenclature (AHTN 2012) and classified as 8-digit or 10-digit codes.

2. Column “AJCEP duty rate (%)”: duty rates applicable in different periods, specifically:

- April 1, 2015 - March 31, 2016: duty rates applicable from April 1, 2015, through March 31, 2016;

- April 1, 2016 - March 31, 2017: duty rates applicable from April 1, 2016, through March 31, 2017;

- April 1, 2017 - March 31, 2018: duty rates applicable from April 1, 2017, through March 31, 2018;

- April 1, 2018 - March 31, 2019: duty rates applicable from April 1, 2018, through March 31, 2019.

3. The symbol “*” denotes imports ineligible for AJCEP duty rates at the corresponding time.

Article 2.Conditions for imports to be eligible for AJCEP duty rates

To be eligible for AJCEP duty rates, imports must fully meet the following conditions:

1. Being specified in the Special Preferential Import Tariff promulgated together with this Circular.

2. Being imported from the member states of the ASEAN-Japan Comprehensive Economic Partnership Agreement, including:

- Brunei Darussalam

- The Kingdom of Cambodia

- The Republic of Indonesia

- The Lao People’s Democratic Republic

- Malaysia

- The Union of Myanmar

- The Republic of the Philippines

- The Republic of Singapore

- The Kingdom of Thailand

- Japan

- The Socialist Republic of Vietnam (goods imported from non-tariff areas into the domestic market)

3. Being transported directly from an exporting country specified in Clause 2 of this Article to Vietnam under the Ministry of Industry and Trade’s regulations.

4. Satisfying the rules of origin in the ASEAN-Japan Comprehensive Economic Partnership Agreement and having an ASEAN-Japan certificate of origin, form AJ (C/O - form AJ) as required by the Ministry of Industry and Trade.

Article 3.Effect

This Circular takes effect on April 1, 2015, and replaces the Minister of Finance’s Circular No. 20/2012/TT-BTC of February 15, 2012, promulgating the Vietnam’s Special Preferential Import Tariff to implement the ASEAN-Japan Comprehensive Economic Partnership Agreement during 2012-2015, and Circular No. 63/2012/TT-BTC of April 23, 2012, amending the special preferential import duty rates applicable to a number of goods in the Special Preferential Import Tariffs. Any problems arising in the course of implementation should be promptly reported to the Ministry of Finance for additional guidance as appropriate.-

For the Minister of Finance
Deputy Minister
TRUONG CHI TRUNG