SPECIAL PREFERENTIAL IMPORT TARIFF UNDER THE UKVFTA IN THE 2021-2022 PERIOD
The Decree No. 53/2021/ND-CP on the Preferential Export Tariff, the Special Preferential Import Tariff of Vietnam for implementation of the Free Trade Agreement between the Socialist Republic of Vietnam and the United Kingdom of Great Britain and Northern Ireland in the period of 2021-2022 is issued by the Government on May 21, 2021.
Specifically, goods exported from Vietnam eligible for the preferential export duty rates as specified in this Decree must fully satisfy the following conditions: Being imported to the United Kingdom of Great Britain and Northern Ireland; Having the transport documents (copies) indicate that the destination is the United Kingdom of Great Britain and Northern Ireland; Having the import customs declaration proving the import of the goods lot exported from Vietnam into the United Kingdom of Great Britain and Northern Ireland (copies and translated copies in English or Vietnamese in case the language used on the declaration other than English).
Besides, when carrying out customs procedures, the customs declarant shall fill in an export declaration, apply the export duty rate, calculate and pay tax according to the Decree No. 57/2020/ND-CP. Within the time limit of 01 year from the date of registration of the export declaration, the customs declarant shall submit all documents to demonstrate that the goods satisfy the conditions specified in this Decree and make additional declaration to apply the preferential export duty rate under the UKVFTA.
In addition, imported goods eligible for enjoyment of the special preferential import tariff of the UKVFTA must fully satisfy the following conditions: Being prescribed in the Special Preferential Import Tariff; Being imported into Vietnam from the United Kingdom of Great Britain and Northern Ireland or the Socialist Republic of Vietnam (Goods imported from non-tariff zones into the domestic market); Satisfying the regulations on origin of commodities and having documents proving the goods origin according to the UKVFTA.
This Decree takes effect on the signing date.
