Implement regulations on special preferential import tariffs under VIFTA

VIFTA- Opportunity for Vietnamese seafood to enter the Middle East market

Import and export activities at Nghi Son Seaport (Thanh Hoa).

To implement the VIFTA, the Government issued Decree 131/2024/ND-CP, which took effect from October 15, 2024.

Accordingly, the GDVC directs local customs departments to disseminate and instruct Customs officers and enterprises to carry out customs procedures, and study the provisions of Decree 131/2024/ND-CP to implement customs declaration in accordance with regulations.

The GDVC said that if goods imported from Israel to Vietnam and goods from Vietnam's duty-free zones imported into the domestic market meet the conditions to enjoy special preferential import tax rates under the VIFTA as prescribed in Articles 4 and 5 of Decree 131/2024/ND-CP, the customs declarant will declare the Tariff Code B28 (country code IL) on the import declaration.

Special preferential import tariff rates applicable to certain articles of headings 04.07, 17.01, 24.01 and 25.01 are only applied within tariff quotas; the list of imports subject to tariff-rate quotas and annual import quotas thereof are stipulated by the Ministry of Industry and Trade and the out-of-quota tariff rates will comply with the regulations enshrined in the Government's export tariff and import tariff schedules, and lists of commodities, specific, compound and out-of-quota import tariff rates in force at the time of import.