| MINISTRY OF FINANCE ------- No. : 185/2012/TT-BTC | SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness --------------- Ha Noi, October 30, 2012 |
CIRCULAR
GUIDING EXEMPTION FROM IMPORT DUTIES FOR SPARE PARTS AND COMPONENTS FOR THE MANUFACTURE AND ASSEMBLY OF BUSES OF THE DEVELOPMENT, INVESTMENT PROJECT OF PUBLIC PASSENGER TRANSPORTATION BY BUSES IN HANOI AND HO CHI MINH CITIES
Pursuant to the Law on Export and Import Duties of June 14, 2005;
Pursuant to the Decree No.87/2010/ND-CP of August 13, 2010 of the Government detailing the implementation of a number of Articles of the Law on Export and Import Duties;
Pursuant to the Decree No.118/2008/ND-CP of November 27, 2008 of the Government defining the functions, tasks, powers and organizational structure of the Ministry of Finance;
To implement the direction of the Prime Minister in the Official Dispatch No. 2366/VPCP-KTTH dated April 10, 2012 of the Government Office;
At the request of the Director of Tax Policy,
The Minister of Finance issues the Circular guiding exemption from import duties for spare parts and components for the manufacture and assembly of buses of the development, investment project of public passenger transportation by buses in Hanoi and Ho Chi Minh cities.
Article 1. Scope of application
This Circular guides the implementation of exemption from import duties for spare parts and components for the manufacture and assembly of buses of the type that has not yet produced domestically of the development, investment project of public passenger transportation by buses in Hanoi and Ho Chi Minh cities of 2012-2015 period.
Article 2. Conditions for entitlement to receive import duty exemption
1. The investment projects must be approved by the competent State authorities in the period 2012-2015 under the guidance of the Ministry of Transport, which specifies: Duration of the project; number, type, quality and value of spare parts, components need to be imported for the domestic manufacture and assembly of buses.
2. Basis to determine the spare parts and components which are able to be produced domestically is the list of machinery, equipment, spare parts, specialized means of transport, raw materials, supplies, semi-finished products which can be produced domestically issued by the Ministry of Planning and Investment that takes effect at the time of registration for the import declaration of goods of the project.
