Decision No. 77/2006/QD-BTC dated December 29, 2006 of the Ministry of Finance promulgating the list of commodities and their import tax rates for application of duty quotas

DECISION

PROMULGATING THE LIST OF COMMODITIES AND THEIR IMPORT TAX RATES FOR APPLICATION OF DUTY QUOTAS

THE MINISTER OF FINANCE

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

Pursuant to the National Assembly Standing Committee's Resolution No. 977/2005/NQ-UBTVQH11 of December 13, 2005, promulgating the Export Tariff according to the list of taxable commodity groups and the tax rate bracket for each commodity group, and the Preferential Import Tariffs according to the list of taxable commodity groups and the preferential tax rate bracket for each commodity group;

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, defining the functions, tasks, powers and organizational structure of the Ministry of Finance;

Pursuant to the Government's Decree No. 149/2005/ND-CP of December 8, 2005, detailing the implementation of the Law on Import Tax and Export Tax;

Pursuant to the Government's Decree No. 12/2006/ND-CP of January 23, 2006, detailing the implementation of the Commercial Law regarding international goods sale and purchase and goods sale, purchase, processing and transit agency activities with foreign countries;

At the proposal of the director of the Tax Policy Department;

DECIDES:

Article 1.- To promulgate together with this Decision a list of commodities and their import tax rates for application of duty quotas.

Article 2.- Goods imported within duty quotas are liable to the import tax rates specified in the current Preferential Import Tariffs. Goods imported in excess of duty quotas are liable to the beyond quota-import tax rates specified in Article 1 of this Decision. Quota levels comply with regulations of the Ministry of Trade.

Article 3.- The duty quotas specified in this Decision do not apply to imported goods that satisfy the conditions for enjoying the CEPT rates under the Finance Ministry's Circular No. 14/2006/TT-BTC of February 28, 2006, guiding the application of special preferential import tax rates of Vietnam for implementing the Agreement on Common Effective Preferential Tariff (CEPT) Scheme of the ASEAN countries.

Article 4.- This Decision takes effect and applies to customs declarations of imported goods registered with customs offices 15 days after its publication in "CONG BAO." To annul the Finance Minister's Decision No. 126/2003/QD-BTC of August 7, 2003, Decision No. 36/2004/QD-BTC of April 15, 2004, and Decision No. 16/2005/QD-BTC of March 28, 2005.

LIST

OF COMMODITIES AND THEIR IMPORT TAX RATES FOR APPLICATION OF DUTY QUOTAS
(Promulgated together with the Finance Minister’s Decision No. 77/2006/QD-BTC of December 29, 2006)