Import duties with respect to paper products

07-Jan-2007 Intellasia | 09-JAN-2003 09/Jan/2003 | 2:11 PM Print This Post

According to the interpretation of Official Letter 116 TCT/NV3 dated 09/Jan/2003 of GDT, in case where pulp imported to Vietnam is not carried through Vietnamese ports, but transported to be processed abroad into paper products and the products are then imported to Vietnam, the pulp shall not subject to import duty. However, when being imported, paper products shall be subject to import duties in accordance with the prevailing regulations.

In case where pulp is imported to Vietnam and the pulp is then re-exported to be processed into paper products abroad before such paper products are imported to Vietnam, the importer must declare and pay import duty for the pulp. Besides, the importer is required to pay import duties for the imported paper products. In this case, the dutiable price of paper products shall be equal to the actual price of the paper products minus (-) the value of the pulp exported under the signed processing contract.

[Sao Viet Legal Consultants]

 


Category: Legal

Print This Post

Comments are closed.