According to the Decree, guidelines on the special preferential import tariff rates for the implementation of the RCEP Agreement 2022-2027 are as follows:
- If goods imported from a signatory of the RCEP Agreement (including goods from non-tariff zones of Vietnam) satisfy conditions prescribed in Decree No. 129/2022/ND-CP and do not have different RCEP tariff rates between Tariff Appendices promulgated with Decree No. 129/2022/ND-CP, it is possible to apply the RCEP tariff rate prescribed in the Tariff Appendix for such signatory.
- If goods imported from a signatory of the RCEP Agreement (including goods from non-tariff zones of Vietnam) satisfy conditions prescribed in Decree No. 129/2022/ND-CP and have different RCEP tariff rates between Tariff Appendices promulgated with Decree No. 129/2022/ND-CP, the RCEP tariff rate is applied as follows:
- The tariff rate in the Tariff Appendix for a signatory identified as the origin country following current regulations of law;
- In case of failure to apply Point a of this Clause, the importer may make declarations following one of the following RCEP tariff rates:
+ The maximum tariff rate in Tariff Appendices shall apply to the same goods originating from signatories of the RCEP Agreement (including non-tariff zones of Vietnam), contributing materials, and having their origins used for producing import goods if the importer can provide solid grounds for the declared information;
+ The maximum tariff rate in Tariff Appendices shall apply to the same goods originating from signatories of the RCEP Agreement (including non-tariff zones of Vietnam).
Decree No. 129/2022/ND-CP comes into force as of its date of signing.
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