| THE MINISTRY OF FINANCE -------- | SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness ---------- |
| No. 118/2003/TT-BTC | Hanoi, December 8, 2003 |
CIRCULAR
PROVIDING GUIDELINES ON DECREE 60/2002/ND-CP OF THE GOVERNMENT DATED 6 JUNE 2002 ON DETERMINING DUTIABLE VALUE OF IMPORTED GOODS IN ACCORDANCE WITH THE PRINCIPLES IN THE AGREEMENT ON IMPLEMENTATION OF ARTICLE 7 OF THE GENERAL AGREEMENT ON TARIFFS AND TRADE
Pursuant to the Law on Export and Import Duties;
Pursuant to Decree 60/2002/ND-CP of the Government dated 6 June 2002 on determining dutiable value of imported goods in accordance with the principles in the Agreement on implementation of article 7 of the General Agreement on Tariffs and Trade;
The Ministry of Finance hereby provides the following guidelines on Decree 60/2002/ND-CP:
Chapter I
GENERAL PROVISIONS
I. APPLICABLE ENTITIES:
Goods imported with a commercial contract for which dutiable value shall be determined in accordance with the guidelines in this Circular shall comprise:
1. Goods imported by enterprises or parties to partnerships who fall within the governing scope of the Law on Foreign Investment in Vietnam;
2. Imported goods which originated in a country, territory or national alliance (as announced by the Ministry of Finance) with which Vietnam has agreed to determine dutiable value in accordance with the principles in the Agreement on implementation of article 7 of the General Agreement on Tariffs and Trade; and other imported goods as decided by the Prime Minister of the Government.
