Applying the import tax rate of 0% on two goods items originated from Laos

The Ministry of Trade and Industry has recently promulgated the Circular No. 37/2012/TT-BCT dated December 14th 2012 on the import subject to tariff rate quota in the year 2013 on goods items originated from Lao People’s Democratic Republic.

Specified in this Circular, two goods items originated from Laos including rice or rice varieties, tobacco and strip tobacco leaves shall be imposed the import tax rate of 0% (zero percent). Pursuant to the Annex 1 of the Circular, item codes and total tariff quota of item groups shall be enjoyed the preferential import tax rate of 0%.  

The imported goods shall have C/O form S granted by competent authorities of the Lao People’s Democratic Republic and approved by pairs of border-gates as prescribed in the Annex 2 of the Circular.

Vietnamese traders shall be allowed to import rice and rice varieties in line with tariff quota.

Regarding tobacco and strip tobacco leaves, only traders pertaining to the permit of import tobacco materials subject to tariff quota issued by the Ministry of Trade and Industry at the Circular No. 04/2006/TT-BTM dated April 6th 2006 of the Ministry of Commerce (currently Ministry of Trade and Industry) guiding a number of articles at the Decree No. 12/2006/NĐ-CP dated January 23rd 2006 of the Government detailing the Law of Commerce with respect to international purchases and sales of goods, and agency for sale and purchase, processing and transit of goods involving foreign parties must be allowed to import; The amount of imports shall be deducted into import tariff quota in conjunction with the permit issued by the Ministry of Trade and Industry.

            The Circular takes effect from January 1st to December 31st 2013