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MEKONG COUNSEL

Circular promulgating Vietnam’s Particularly Preferential Import Tariff to implement the ASEAN - Australia-New Zealand Free Trade Area Agreement during 2012-2014

On March 16th, 2012, the Ministry of Finance issued Circular No. 44/2012/TT-BTC promulgating Vietnam’s Particularly Preferential Import Tariff to implement the ASEAN - Australia-New Zealand Free Trade Area Agreement during 2012-2014 (“AANZFTA rates”). Accordingly, imports to be applied AANZFTA rates must satisfy the following conditions:

 

- Being under the Particularly Preferential Import Tariff of the ASEAN - Australia-New Zealand Free Trade Area Agreement;

 

- Being imported into Vietnam from contracting members of the ASEAN - Australia-New Zealand Free Trade Area Agreement, including: Brunei Darussalam, Kingdom of Cambodia, Republic of Indonesia, Lao People’s Democratic Republic, Malaysia, Myanmar, Republic of the Philippines, Republic of Singapore, Kingdom of Thailand, Australia, New Zeland, Socialist Republic of Vietnam (goods imported into domestic market from non-tariff area);

 

- Being transported directly from the exporting country to Vietnam as prescribed by the Ministry of Industry and Trade;

 

- Satisfying requirements on origin prescribed in the ASEAN - Australia-New Zealand Free Trade Area Agreement, and having ASEAN - Australia-New Zeland Certificate of Origin (C/O Form AANZ) as prescribed by the Ministry of Industry and Trade.

 

This Circular shall be effective after 45 days from its signing date and supersede Circular No. 217/2009/TT-BTC dated November 17th, 2009 of the Minister of Ministry of Industry and Trade promulgating Vietnam’s Particularly Preferential Import Tariff to implement the ASEAN - Australia-New Zealand Free Trade Area Agreement during 2010-2012.

 

Remarks: File attached.