APPLYING IMPORT DUTY OF 1% FOR PRODUCTS FROM COAL TAR
This content is prescribed at the Circular No. 107/2013/TT-BTC dated August 12, 2013 of the Ministry of Finance amending the preferential import tax rates for some commodities in the Heading 2707, 2902 and 3902 in the Preferential Import Tariff.
This Circular prescribes the route to increase gradually the preferential import tax rate for some commodities of headings 2707, 2902 and 3902 in according to list of taxable goods headings promulgated together with the Circular No. 193/2012/TT-BTC (instead of the tax rate of 0% as in the current regulations). In particular, for Benzene and Xylenes in the Heading 2707 “Oils and other products of the distillation of high temperature coal tar, similar products in which the weight
of the aromatic constituents exceeds that of the non-aromatic constituents”, to apply the tax rate of 1% in 2013, 2% in 2014 – 2015, 3% from 2016 and upwards; and apply similarly to Benzene and p-Xylene in the heading 2902 “Cyclic Hydrocarbons”. Particularly the Polypropylene in the heading 3902 “Polymers of propylene or of other olefins, in primary forms” shall apply the tax rate of 1% from 2014 and increase to 2% in the year 2015 and remain at the level of 3% from the year 2016 and upwards. The tax rates for other commodities stay the same in accordance with current regulations.
This Circular takes effect on the signing date.
