February 28, 2020 18:25

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Tobacco imports under tariff quota in CPTPP adjusted

13:52 | 10/02/2020

VCN – 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).

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tobacco imports under tariff quota in cptpp adjusted
Illustrative Photo: Internet

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.

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Tax and tariff quotas are under the Government’s regulations.

The circular takes effect from February 9, 2020.

By Thanh Nguyen/ Huyen Trang