The Ministry of Industry and Trade has just issued a Circular regulating the import of rice and dried tobacco leaves originating from Cambodia under tariff quotas in 2023 and 2024.
| This day in history June 23: Issued an official dispatch on rice import The Ministry of Industry and Trade sought opinions on the import of rice and dried tobacco leaves from Cambodia in 2023 and 2024 |
On June 2, 2023, on behalf of the Government of the Socialist Republic of Vietnam, Minister of Industry and Trade Nguyen Hong Dien signed the Agreement on Bilateral Trade Promotion with Mr. Pan Sorasak - Minister of Commerce of the Government of the Kingdom of Cambodia. The above Agreement is effective from June 2, 2023 to December 31, 2024.
To implement the provisions of Articles 3 and 4 of the Agreement for the period 2023-2024 mentioned above, based on the provisions of Decree No. 69/2018/ND-CP dated May 15, 2018 of the Government detailing a number of articles of the Law on Foreign Trade Management and related legal documents, on April 4, 2024, the Minister of Industry and Trade signed and issued Circular No. 06/2024/TT-BCT regulating the import of rice and dried tobacco leaves originating from the Kingdom of Cambodia under the tariff quotas for 2023 and 2024.
Accordingly, the subjects of application are traders importing under tariff quotas rice and dry tobacco products originating from Cambodia and other related organizations and individuals.
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| New regulations on importing rice and dried tobacco leaves from Cambodia in 2023 and 2024 |
Commodity codes and total tariff quotas for rice and dried tobacco leaves originating from the Kingdom of Cambodia according to Appendix II issued together with Decree No. 05/2024/ND-CP dated January 24, 2024 of the Government of Vietnam's special preferential import tariff schedule to implement the Agreement on promoting bilateral trade between Vietnam and the Government of the Kingdom of Cambodia for the period 2023-2024 (Decree No. 05/2024/ND-CP).
The 2023 import tariff quota applies to declarations registered with customs authorities from June 2, 2023 to December 31, 2023.
The 2024 import tariff quota applies to declarations registered with customs authorities from January 1, 2024 to December 31, 2024.
Special preferential import tax rates for goods specified in Article 2 of this Circular are prescribed in Decree No. 05/2024/ND-CP. For dried tobacco leaves, traders are granted an Import License by the Ministry of Industry and Trade according to tariff quotas as prescribed in Decree No. 69/2018/ND-CP dated May 15, 2018 of the Government detailing a number of articles of the Law on Foreign Trade Management and Circular No. 12/2018/TT-BCT dated June 15, 2018 of the Minister of Industry and Trade detailing a number of articles of the Law on Foreign Trade Management and Decree No. 69/2018/ND-CP; the imported quantity is deducted from the import tariff quota according to the License granted by the Ministry of Industry and Trade.
The import tariff quotas for goods specified in Article 2 of this Circular are managed by the automatic deduction method at the customs office where the trader carries out import procedures. The automatic deduction until the quota quantity is exhausted is carried out according to the instructions of the customs office.
This Circular takes effect from May 20, 2024 to December 31, 2024.
See details here
Ngoc Ngan
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