THE MINISTRY OF
FINANCE
 
No. 167/2014/TT-BTC
THE SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom – Happiness

  

Hanoi, November 14, 2014
 
 
CIRCULAR
Promulgating Vietnam’s Special Preferential Import Tariff to implement the ASEAN - Korea Agreement on Trade in Goods during 2015-2018 [1]
 
Pursuant to June 14, 2005 Law No. 45/2005/QH11 on Import Duty and Export Duty;
Pursuant to the Government’s Decree No. 87/2010/ND-CP of August 13, 2010, detailing the implementation of Law on Import Duty and Export Duty;
Pursuant to the Government’s Decree No. 215/2013/ND-CP of December 23, 2013, defining the functions, tasks, powers and organizational structure of the Ministry of Finance;
Pursuant to the Framework Agreement on Comprehensive Economic Cooperation between members of the Association of Southeast Asian Nations (ASEAN) and the Republic of Korea (Korea), which was concluded on December 13, 2005 in Malaysia, and ratified by the President of the Socialist Republic of Vietnam on April 12, 2006;
Pursuant to the Agreement on Trade in Goods under the ASEAN - Korea Framework Agreement on Comprehensive Economic Cooperation, which was concluded on December 13, 2005, in Malaysia, and on August 24, 2006, in the Republic of the Philippines;
At the proposal of the Director of the Department of International Cooperation;
The Minister of Finance issues the Circular promulgating Vietnam’s Special Preferential Import Tariff to implement the ASEAN - Korea Agreement on Trade in Goods during 2015-2018.
Article 1. To promulgate together with this Circular Vietnam’s Special Preferential Import Tariff to implement the ASEAN - Korea Agreement on Trade in Goods during 2015-2018 (applicable duty rates are referred to as AKFTA duty rates).
1. Column “Goods heading” and column “Goods description” are developed based on the 2012 ASEAN Harmonized Tariff Nomenclature (AHTN 2012) and classified at the 8-digit level or 10-digit level.
2. Column “AKFTA duty rate (%)”: Duty rates applicable to each year, from January 1 through December 31 of the year, starting from 2015 until the end of 2018.
3. Symbol “*” denotes imports ineligible for AKFTA duty rates at the corresponding time.
4. Column “Country ineligible for preference”: Goods imported from the country with the symbol specified at Point (2), Article 2 of this Circular, is ineligible for AKFTA duty rates specified in this Circular.
5. Column “GIC”: Goods produced in Kaesong industrial park in the territory of the People’s Democratic Republic of Korea are eligible for AKFTA duty rates under Article 3 of this Circular.
 

 


[1] Công Báo Nos 107-108 (21/1/2015)