THE PREFERENTIAL EXPORT AND IMPORT TARIFF AND OUT-OF-QUOTA DUTY RATES
On May 31, 2023, the Government issues Decree No. 26/2023/ND-CP on the Export Tariff, the Preferential Import Tariff, and the list of commodity items and their specific duty rates, combined duty rates, and out-of-quota duty rates.
A number of important contents are prescribed as follows:
Apply the preferential import duty rate of 150% for the objects as follows:
l For used passenger cars with 16 seats or more under heading 87.02
l Motorized cargo vehicles of a gross vehicle weight not exceeding 5 tons under heading 87.04 (except refrigerated trucks, refuse collection vehicles with refuse compressing devices, cistern vehicles, armored vehicles for transporting valuable cargoes, bulk-cement trucks, and hook-lift trucks),
In the period of 2022 - 2027, the output of automobiles manufactured or assembled under the Program on duty incentives for automobile manufacture or assembly is as follows:
l Passenger cars with 09 seats or less, of a cylinder capacity not exceeding 2,500 cc. The minimum general outputs are 23000 pieces (12-month period of incentive consideration).
l Trucks with a designed gross weight of 5 tons maximum: The minimum general outputs are 7000 pieces (12-month period of incentive consideration).
l Trucks with a designed gross weight of over 5 tons: The minimum general outputs are 5000 pieces (12-month period of incentive consideration).
Dossiers and procedures for registration for participation in the Program on duty incentives, including:
l An official letter for registration of automobile parts for participation in the Program on duty incentives, made according to Form No. 05 provided in Appendix II to this Decree: 01 original.
l A certificate of eligibility for automobile manufacture or assembly: 01 certificated copy.
This Circular takes effect on July 15, 2023.
