From 28/12/2011: Preferential import duty applicable to gasoline and aviation fuel to increase from 0% to 4%

Deputy Finance Minister Nguyen Thi Mai has just signed the Circular No. 197/2011/TT-BTC providing guidelines on the preferential import duty applicable to goods under Heading 2710 of the Preferential Import Tariff.

Accordingly, the increase of preferential import duty from 0% to 4% shall be applicable to various goods under Heading 2710 of the Preferential Import Tariff specified in the Circular No. 82/2011/TT-BTC dated 10 June 2011 of the Ministry of Finance, including leaded and non-leaded motor gasoline, high-class kind; leaded and non-leaded motor gasoline, common kind; aviation fuel; white spirits, other spirits; other preparations for petrol preparation; aviation turbo engine fuel (jet fuel)…

The Circular takes effect from 28 December 2011.

Since the effective date of the Circular to end of 31 December 2011, the good codes and respective preferential import duty rates to goods under Heading 2710 shall follow regulations provided at the Appendix I issued along with this Circular and shall replace the Circular No. 82/2011/TT-BTC dated 10 June 2011 of the Ministry of Finance.

Since 01 January 2012 onwards, the good codes and respective preferential import duty rates to goods under Heading 2710 shall regulations provided at the Appendix I issued along with this Circular and shall replace the preferential import duty rates specified at the Circular No. 157/2011/TT-BTC dated 14 November 2011 of the Ministry of Finance./.

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