APPLY TEMPORARY SAFEGUARD TAX RATE APPLICABLE TO STEEL BLANKS FROM MARCH 22
From March 22, 2016, Temporary safeguard measures shall apply to the import of steel blanks and long steels from different countries/territories into Vietnam with contents is the important content prescribed at the Decision No. 862/QD-BCT dated March 07, 2016 of the Ministry of Industry and Trade on application of temporary safeguard measures.
Within thatm the temporary safeguard tax rate imposed on steel blanks shall be 23.3% and apply under form of import surcharges to products imported to Vietnam with specific HS codes as 7207.11.00; 7207.19.00; 7207.20.29; 7207.20.99;7224.90.00. The temporary safeguard tax rate applicable to long steel products shall be 14.2% and apply under form of import surcharge to products imported to Vietnam with specific HS codes as 7213.10.00; 7213.91.20; 7214.20.31; 7214.20.41; 7227.90.00; 7228.30.10;9811.00.00.
Temporary safeguard measures shall apply for up to 200 days as of its effective date; in other words, until October 07, 2016. Temporary safeguard measures shall also cease to have effect if the Minister of Industry and Trade makes a decision on application of official safeguard measures. The information about the decision on application of temporary safeguard measures against the import of steel blanks and long steel products is available at the website of the Ministry of Industry and Trade (http://www.moit.gov.vn) and the website of the Vietnam Competition Authority (http://www.vca.gov.vn or http://www.qlct.gov.vn).
This Decision takes effect on March 22, 2016.
