Guidelines for the implementation of the Protocol on Supporting the production of motor transport vehicles

illustration image. Source: Internet

This Decision stipulates the process of allocating tariff quotas, orders and procedures for granting import permits under the tariff quotas, the import duty rates within and outside the tariff quotas, and the coordination mechanism in the management between state agencies to implement the import mechanism under tariff quotas for motor transport vehicles, spare parts and components within the framework of the Protocol.

The Decision guides the import duty rate within the tariff quota is 0% if it is satisfied the following conditions:

1- The origin of motor transport vehicles and the origin of spare parts and components imported by the joint venture(s) for industrial assembly in the territory of Vietnam, if used for assembly into complete motor transport vehicles in the territory of the Republic of Belarus, it must be confirmed by an issued Certificate of Origin indicating a value-added content of not less than 55%, according to the calculation prescribed by the Chapter 4 (Rules of Origin) of Vietnam - EAEU FTA.

2- All motor transport vehicles, spare parts, and components imported into Vietnam by the joint venture(s) must be new and unused.

3- Motor transport vehicles imported by the joint venture(s) must be manufactured within 2 years from the year of arrival at a Vietnamese port or border gate.

For import tax rates outside the quota, the Decision guides the case that goods have a Certificate of Origin under the Vietnam - EAEU FTA (Certificate of Origin form EAV), the import duty rate outside the tariff quota is the current import duty rate as committed in Vietnam - EAEU FTA.

If the Certificate of Origin form EAV is not attached to the goods, the import duty rate outside the tariff quota is determined following the relevant law on the tax of Vietnam.