Chemical warehouse of the company
The Ministry of Finance guides that for shipments that have been cleared before the issuance of Official Dispatch 13734/TCHQ-TXNK dated November 12, 2014, declared under code 7207.19.00 and paid tax at the import tax rate of 5%, the determination shall be made to collect full tax under code 7201.11.00, with a preferential import tax rate of 9%.
For shipments registered with the Customs authority after the date of Official Dispatch 13734, in case the imported goods have classification analysis results belonging to any HS code, the import tax calculation must be based on the tax rate prescribed for that HS code in the Import Tax Schedule applicable at the time of registration of the import goods declaration.
Specifically, customs declarations registered with the Customs authority after November 12, 2014, enterprises have declared under code 7207.19.00 and paid import tax at the preferential import tax rate of 5%, with analysis results classified as steel billets under code 7201.11.00, preferential import tax rate of 9%... then tax determination will be carried out to collect full tax at the preferential import tax rate of 9%.
Customs declarations registered with the Customs authority after November 12, 2014, the enterprise declared under code 7207.19.00 and paid import tax at the preferential import tax rate of 5%, with analysis results classified as alloy steel billets under code 7224.90.00, preferential import tax rate of 0%... In this case, the units must re-examine all related records, accounting books and documents, related transactions, and the use of imported goods.
In case the goods are indeed alloy steel billets, the import tax rate shall be adjusted in accordance with the provisions of the law on export tax and import tax and the excess tax paid shall be offset in accordance with the provisions of Clause 13, Article 1 of the Law on Tax Administration No. 21/2012/QH13.
Due to the import of alloy steel billets that do not meet the conditions, standards and regulations as prescribed in Joint Circular No. 44/2013/TTLT-BTC-BKHCN, accordingly, the customs of provinces and cities shall impose administrative sanctions for this violation according to the provisions of Point d, Clause 5, Article 14 of Decree 127/2013/ND-CP.
It is known that the guidance on handling import tax on steel billets was provided by the Ministry of Finance according to the direction of Deputy Prime Minister Vu Van Ninh in Official Dispatch No. 1189/VPCP-KTTH dated February 25, 2016.
Source: Electronic Newspaper
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