ANNOUNCED AS TEMPORARYNo
On 13 April 2009, the Ministry of Finance decided to raise the import tariff on several steel from 0% to 10%. This is the maximum tariff allowed under the nation's WTO commitments. This step was taken "in an effort to prevent from replacement construction steelwith low-taxed imported alloy steel."
The changes come into effect from 20 April 2009 and were codified in Circular No. 75/2009/TT-BTC. The tariff lines affected are 7227.90.00.00,7228.30.10.00, 7228.30.90.00, 7228.40.10.00, and 7228.40.90.00.
These tariff increases follow several steel-related tariff changes implemented in December 2008.
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