TO SUPPLEMENT THE IRON OR STEEL PRODUCTS TO RECEIVE THE PREFERENTIAL IMPORT TAX RATES OF 0%
On March 18, 2016, the Ministry of Finance issued the Circular No. 51/2016/TT-BTC on amending the list of commodity headings and specific preferential import tax rates for iron or steel articles used in the manufacture of tire bead in Chapter 98 of the preferential import tariff promulgated under the Circular No. 182/2015/TT-BTC dated November 16, 2015.
Within that, articles of iron or steel wire used in the manufacture of tire bead shall be applied the tax rate of 0%.
In particular, the commodities applied with the preferential import tax rates of 0% includes: bars and rods, hot-rolled, in irregularly wound coils, of circular cross-section measuring less than 14 mm in diameter, of iron or non-alloy steel used in the manufacture of tire bead and articles of iron or steel wire used in the manufacture of tire bead.
This Circular takes effect on May 02, 2016.
