The Ministry of Industry and Trade issued Circular No. 03/2020/TT-BCT stipulating tobacco imports under the tariff quota described in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
The circular adjusts imports of tobacco HS code 24.01 under the tariff quota described in the CPTPP.
Specifically, imports of tobacco HS 24.01 are adjusted in the 2020-2038 period as follow: in 2020 (525 tonnes); in 2021 (550 tonnes); in 2020 (525 tonnes); in 2020 (525 tonnes); in 2020 (525 tonnes); 2022 (575 tonnes); 2023 (600 tonnes); 2024 (625 tonnes); 2025 (650 tonnes); 2026 (675 tonnes); 2027 (700 tonnes); 2028 (725 tonnes); 2029 (750 tonnes); 2030 (775 tonnes); 2031 (800 tonnes); 2032 (825 tonnes); 2033 (850 tonnes); 2034 (875 tonnes); 2035 (900 tonnes); 2036 (925 tonnes); 2037 (950 tonnes); and 2038 (975 tonnes).
Subjects of the circular are importers of tobacco under the tariff quota committed in the CPTPP; organisations and individuals engaging in imports of tobacco under the tariff quota committed in the CPTPP.
Tax and tariff quotas are under the Government’s regulations.
The circular takes effect from February 9, 2020.
Source: VCN
Key words: tobacco, imports, tariff quota, CPTPP adjusted
