Decree 51/2022/ND-CP amending preferential import duty rates applicable to petroleum products

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ATTRIBUTE

Decree No. 51/2022/ND-CP dated August 08, 2022 of the Government amending the preferential import duty rates applicable to petroleum products under heading 27.10 in the Preferential Import Tariff promulgated together with the Government's Decree No. 57/2020/ND-CP dated May 25, 2020, amending and supplementing a number of articles of the Government’s Decree No. 122/2016/ND-CP of September 1, 2016, on the Export Tariff, the Preferential Import Tariff and the list of commodity items and their specific duty rates, compound duty rates and out-of-quota import duty rates, and Decree No. 125/2017/ND-CP of November 16, 2017, amending and supplementing a number of articles of Decree No. 122/2016/ND-CP
Issuing body: GovernmentEffective date:
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Official number:51/2022/ND-CPSigner:Le Minh Khai
Type:DecreeExpiry date:Updating
Issuing date:08/08/2022Effect status:
Known

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Fields:Export - Import , Tax - Fee - Charge

SUMMARY

Reduce up to 10% of preferential import duty rates applicable to petroleum products

On August 08, 2022, the Government issues the Decree No. 51/2022/ND-CP amending the preferential import duty rates applicable to petroleum products under heading 27.10 in the Preferential Import Tariff promulgated together with the Government's Decree No. 57/2020/ND-CP dated May 25, 2020, amending and supplementing a number of articles of the Government’s Decree No. 122/2016/ND-CP of September 1, 2016, on the Export Tariff, the Preferential Import Tariff and the list of commodity items and their specific duty rates, compound duty rates and out-of-quota import duty rates, and Decree No. 125/2017/ND-CP of November 16, 2017, amending and supplementing a number of articles of Decree No. 122/2016/ND-CP.

Specifically, the preferential import duty rate applicable to certain of petroleum products such as RON 97 and above (2710.12.11); RON 90 and above, but below RON 97 (2710.12.12); other RON (2710.12.13); Tetrapropylene (2710.12.40); Alpha olefins (2710.12.91), etc. is 20%. The duty rate applicable to motor spirit, unleaded (HS codes from 2710.12.21 to 2710.12.29) also is reduced from 20% to 10%.

Besides, the duty rate of 5% shall be applied to topped crudes; lubricating oils for aircraft engines; lubricating greases; transformer and circuit breakers oils, etc. The duty rate of 7% shall be applied to automotive diesel fuel; other diesel fuels; fuel oils; aviation turbine fuel (jet fuel) having a flash point of 23°C or more; aviation turbine fuel (jet fuel) having a flash point of less than 23°C, etc.

This Decree takes effect from the date of its signing.

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Effect status: Known

THE GOVERNMENT

_______

No. 51/2022/ND-CP

 

THE SOCIALIST REPUBLIC OF VIETNAM

Independence - Freedom - Happiness

_________________

Hanoi, August 08, 2022

DECREE

Amending the preferential import duty rates applicable to petroleum products under heading 27.10 in the Preferential Import Tariff promulgated together with the Government's Decree No. 57/2020/ND-CP dated May 25, 2020, amending and supplementing a number of articles of the Government’s Decree No. 122/2016/ND-CP of September 1, 2016, on the Export Tariff, the Preferential Import Tariff and the list of commodity items and their specific duty rates, compound duty rates and out-of-quota import duty rates, and Decree No. 125/2017/ND-CP of November 16, 2017, amending and supplementing a number of articles of Decree No. 122/2016/ND-CP

__________________________

 

Pursuant to the Law on Organization of the Government dated June 19, 2015; the Law Amending and Supplementing a Number of Articles of the Law on Organization of the Government and the Law on Organization of Local Administration dated November 22, 2019;

Pursuant to the Law on Import Duty and Export Duty dated April 06, 2016;

Pursuant to the Law on Tax Administration dated June 13, 2019;

Pursuant to the Law on Customs dated June 23, 2014;

Pursuant to the National Assembly's Resolution No. 71/2006/QH11 dated November 29, 2006, ratifying the Protocol on the Accession of the Socialist Republic of Vietnam to the Agreement establishing the World Trade Organization;

At the proposal of the Minister of Finance;

The Government hereby promulgates the Decree amending the preferential import duty rates applicable to petroleum products under heading 27.10 in the Preferential Import Tariff promulgated together with the Government's Decree No. 57/2020/ND-CP dated May 25, 2020, amending and supplementing a number of articles of the Government’s Decree No. 122/2016/ND-CP of September 1, 2016, on the Export Tariff, the Preferential Import Tariff and the list of commodity items and their specific duty rates, compound duty rates and out-of-quota import duty rates, and Decree No. 125/2017/ND-CP of November 16, 2017, amending and supplementing a number of articles of Decree No. 122/2016/ND-CP.

Article 1. Amending the preferential import duty rates applicable to petroleum products under heading 27.10 in the Preferential Import Tariff according to the List of dutiable goods

To amend the preferential import duty rates applicable to petroleum products under heading 27.10 in Appendix II - Preferential Import Tariff according to the List of dutiable goods as prescribed in Clause 1 Article 2 of the Government’s Decree No. 57/2020/ND-CP dated May 25, 2020, to the new ones specified in the Appendix attached to this Decree.

Article 2. Effect

This Decree takes effect from the date of its signing.

 

 

ON BEHALF OF THE GOVERNMENT

FOR THE PRIME MINISTER

THE DEPUTY MINISTER

 

 

Le Minh Khai

 

 

Appendix

PREFERENTIAL IMPORT DUTY RATES APPLICABLE TO A NUMBER OF GOODS UNDER HEADING 27.10
(Attached to the Government’s Decree No. 51/2022/ND-CP dated August 08, 2022)

__________________________

 

HS code

Description

Duty rate (%)

27.10

Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70% or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations; waste oils.

 

 

- Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70% or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations; other than those containing biodiesel and other than waste oils:

 

2710.12

- - Light oils and preparations:

 

 

- - - Motor spirit, leaded:

 

2710.12.11

- - - - Of RON 97 and above

20

2710.12.12

- - - - Of RON 90 and above, but below RON 97

20

2710.12.13

- - - - Of other RON

20

 

- - - Motor spirit, unleaded:

 

 

- - - - Of RON 97 and above

 

2710.12.21

- - - - - Unblended

10

2710.12.22

- - - - - Blended with ethanol

10

2710.12.23

- - - - - Other

10

 

- - - - Of RON 90 and above, but below RON 97:

 

2710.12.24

- - - - - Unblended

10

2710.12.25

- - - - - Blended with ethanol

10

2710.12.26

- - - - - Other

10

 

- - - - Of other RON:

 

2710.12.27

- - - - - Unblended

10

2710.12.28

- - - - - Blended with ethanol

10

2710.12.29

- - - - - Other

10

 

- - - Aviation spirit, of a kind used for aviation piston-engines:

 

2710.12.31

- - - - 100 octane and above

7

2710.12.39

- - - - Other

7

2710.12.40

- - - Tetrapropylene

20

2710.12.50

- - - White spirit

20

2710.12.60

- - - Low aromatic solvents containing by weight less than 1 % aromatic content

20

2710.12.70

- - - Other solvent spirits

20

2710.12.80

- - - Naphtha, reformates and other preparations of a kind used for blending into motor spirits

20

 

- - - Other:

 

2710.12.91

- - - - Alpha olefins

20

2710.12.92

- - - - Other, petroleum spirit, having a flashpoint of less than 23oC

20

2710.12.99

- - - - Other

20

2710.19

- - Other:

 

2710.19.20

- - - Topped crudes

5

2710.19.30

- - - Carbon black feedstock

5

 

- - - Lubricating oils and greases:

 

2710.19.41

- - - - Lubricating oil feedstock

5

2710.19.42

- - - - Lubricating oils for aircraft engines

5

2710.19.43

- - - - Other lubricating oils

5

2710.19.44

- - - - Lubricating greases

5

2710.19.50

- - - Hydraulic brake fluid

3

2710.19.60

- - - Transformer (transformer and current transformer) and circuit breakers oils

5

 

- - - Diesel fuel; fuel oils:

 

2710.19.71

- - - - Automotive diesel fuel

7

2710.19.72

- - - - Other diesel fuels

7

2710.19.79

- - - - Fuel oils

7

2710.19.81

- - - Aviation turbine fuel (jet fuel) having a flash point of 23°C or more

7

2710.19.82

- - - Aviation turbine fuel (jet fuel) having a flash point of less than 23°C

7

2710.19.83

- - - Other kerosene

7

2710.19.89

- - - Other medium oils and preparations

5

2710.19.90

- - - Other

5

2710.20.00

- Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70% or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations; containing biodiesel and other than waste oils

5

 

- Waste oils:

 

2710.91.00

- - Containing polychlorinated biphenyls (PCBs), polychlorinated terphenyls (PCTs) or polybrominated biphenyls (PBBs)

20

2710.99.00

- - Other

20


 

 

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