THE MINISTRY OF FINANCE
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
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No: 68/2002/TT-BTC
Hanoi, August 15, 2002
 
CIRCULAR
ON THE IMPORT TAX EXEMPTION FOR SUPPLIES, MACHINERY AND EQUIPMENT IMPORTED FOR TRAIN CARRIAGE BUILDING
Pursuant to the Prime Minister’s Decision No. 1494/QD-TTg of November 22, 2001 on a number of development support policies for the building of train carriages by Vietnam Railway Union in the 2001-2005 period;
Consulting the opinions of the Ministry of Communications and Transport in Official Dispatch No. 1145/GTVT-TCKT of April 5, 2002, the Ministry of Trade in Official Dispatch No. 1341 TM/DT of April 11, 2002, the General Department of Customs in Official Dispatch No. 1479/TCHQ-KTTT of April 8, 2002 and Vietnam Railway Union in Official Dispatch No. 538/KH-TCKT DS of April 5, 2002;
The Ministry of Finance hereby guides the import tax exemption for special-use supplies, machinery and equipment which cannot be produced at home and are imported for train carriage building as follows:
I. SUBJECT OF APPLICATION:
Vietnam Railway Union’s enterprises which directly build new train carriages shall be exempt from import tax till the end of 2005 for the volume of special-use supplies, machinery and equipment, which cannot be produced at home and are imported for carriage building.
II. CONDITIONS FOR APPLICATION:
Imported supplies, machinery and equipment must meet the following conditions:

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- Being special-use supplies, machinery and equipment on the list of special-use supplies, machinery and equipment for train carriage building, which cannot be produced at home, prescribed and
- Being imported for building train carriages of Vietnam Railway Union;
- Being directly imported or entrusted for import by train carriage-building enterprises under Vietnam Railway Union.
 

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