Decision No. 16/2006/QD-BTC dated March 24, 2006 of the Ministry of Finance on the import tax rates of textiles and garments of EU, US and Australian origin

DECISION

ON THE IMPORT TAX RATES OF TEXTILES AND GARMENTS OF EU, US AND AUSTRALIAN ORIGIN

THE MINISTER OF FINANCE

Pursuant to Law No. 45/2005/QH11 on Import Tax and Export Tax;

Pursuant to the Government’s Decree No. 86/2002/ND-CP of November 5, 2002, defining the functions, tasks, powers and organizational structures of ministries and ministerial-level agencies;

Pursuant to the Government’s Decree No. 77/2003/ND-CP of July 1, 2003, on the tasks, powers and organizational structure of the Ministry of Finance;

Pursuant to the Agreement between the Government of the Socialist Republic of Vietnam and the European Union on Market Access, signed on December 3, 2004; the Vietnam-US Textile and Garment Trade Agreement for the 2003-2005 period; and the Vietnam-Australia Bilateral Agreement on Economic and Trade Cooperation, signed on June 14, 1990;

On the basis of the Trade Ministry’s opinions in Official Letter No. 56/TM-DM of March 2, 2006, on the implementation of commitments on the Vietnam-US Textile and Garment Trade Agreement, and at the proposal of the director of the Tax Policy Department,

DECIDES:

Article 1.- The import tax rates announced for 2005 in the Finance Minister’s Decision No. 192/2003/QD-BTC of November 25, 2003, and Decision No. 13/2005/QD-BTC of March 8, 2005, shall continue applying to textile and garment lots having customs declarations registered with customs offices as from January 1, 2006, to December 31, 2006, and certificates of origin of the European Union (EU) countries, the Unites States of America or Australia.

For imported goods lots with customs declarations registered with customs offices as from January 1, 2006, and eligible for the application of this Decision, if import tax has been paid at higher tax rates, the difference between the paid tax amounts and the tax amounts based on the import tax rates defined in this Decision shall be refunded.

Article 2.- For commodity items for which the import tax rates defined in Article 1 above are higher than the preferential (MFN) import tax rates specified in the current Preferential Import Tariffs, the preferential (MFN) import tax rates shall apply.

Article 3.- This Decision takes effect and applies to customs declarations registered with customs offices 15 days after its publication in “CONG BAO.” Ministers, heads of ministerial-level agencies and Government-attached agencies, and presidents of provincial/municipal People’s Committees shall coordinate with one another in directing the implementation of this Decision.