Adding 02 items with preferential import tax rate of 0%

On November 15, 2021, the Government issued Decree 101/2021/ND-CP amending Decree 122/2016/ND-CP and Decree No. 57/2020/ND-CP on Export Tariff, Preferential Import Tariff.

Accordingly, Decree 101 adds 02 items enjoying preferential import tax rate of 0%, including:

- Oily fruits and seeds for breeding with Item code 9805.00.00 to the List of commodity groups from 98.01 to 98.48 and groups 98.50, 98.51, 98.52 at point 1, clause II, Section II, Appendix II of Decree 57/2020.

The corresponding product codes in Section I Appendix II are 1207.30.00, 1207.4.90, 1207.50.00, 1207.60.00, 1207.70.00, 1207.91.00, 1207.99.40, 1207.99.50, 1207.99.90. 

- Engine ECU, used for motor vehicles with Item code 9849.46.00 in the List of commodity group 98.49 at Point 2, Clause II, Section II, Appendix II of Decree 57/2020. 

In which, the corresponding product code in Section I, Appendix II is 8537.10.99

At the same time, this Decree also adjusts the export tax rates and preferential import tax rates for a number of commodity groups specified in Clause 1, Article 2 of Decree 57/2020:

- Appendix I - Export tariff according to the List of taxable commodities;

- Appendix II - Preferential import tariff according to the List of taxable commodities. In addition, Clause 1, Article 4 of Decree 101 also stipulates that, in case the exported commodities are not listed in the Export Tariff, the custom declarant shall declare the commodities code of the exported commodities corresponding to the 8-letter code according to the provisions of the Preferential Import Tariff and is not required to declare the tax rate on the declaration of exported commodities. 

Decree 101/2021/ND-CP takes effect from December 30, 2021.

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