On November 25, 2003, the Minister of Finance issued Decision 192/2003/QD-BTC promulgating the List of goods and their import duty rates for implementation of duty reduction roadmap in accordance with the Agreement on trading garment and textile goods signed between Vietnam and EU for the period of 2003 – 2003. This Agreement has been signed between Vietnam and EU as from the year of 1992.
The list of goods and their import duty rates issued in conjunction with this Decision shall only apply to goods, which has C/O from EU countries. With respect to goods, the import duty rates as stipulated in this List are higher than the MFN import duty rates as stipulated in the current preferential import duty tariff, the import duty rates applicable to these goods shall be the preferential import duty rates.
The import duty rates in the year of 2003 shall apply to declaration on imported goods submitted to customs body as from this Decision is signed. The import duty rates stipulated for the year of 2004 shall be applicable to customs declaration submitted to customs body as from January 1, 2004.
[Sao Viet Legal Consultants]