The Minister of Industry and Trade promulgates the Circular no. 56/2015/TT-BCT regulating the importation of goods from the Lao People’s Democratic Republic at the tariff-rate quota of 0%.
Lists of goods and tariff-rate quotas on annual imports
– The annual import tariff –rate quota of 0% shall be granted to two articles namely: rice and tobacco imported from the Lao People’s Democratic Republic.
– Codes of goods and the total annual tariff-rate quota for imports eligible for the tax rate of 0% are presented in the Appendix hereof.
Conditions for grant of the tariff-rate quota of 0%
-Imports must have their Certificate of Origin (C/O form S) granted by competent authorities of the Lao People’s Democratic Republic.
-The procedure for import of goods shall be settled at customs checkpoints according to the descendingly automatic deduction principle (the total imports free from import tax deducts (-) the total imports of each article).
-Vietnamese traders are allowed to import rice of all kinds according to the tariff-rate quota.
-With regard to tobacco, only Vietnamese traders who obtain permits for import of tobacco according to tariff-rate quota granted by the Ministry of Industry and Trade
Entry into Force
This Circular comes into effect from January 01, 2016