On 30/10/2018, the Ministry of Industry and Commerce issued Decision No. 4086/QD-BCT on the results of the mid-term review of the application of safeguard measures against billets of steel and imported long steel. This Decision takes effect from the date of its promulgation.
Accordingly, safeguard measures will be maintained for billets of steel and imported long steel with HS codes 7207.11.00; 7207.19.00; 7207.20.29; 7207.20.99; 7224.90.00; 7213.10.00; 7213.91.20; 7214.20.31; 7214.20.41; 7227.90.00; 7228.30.10; và 9811.00.00.
Regarding tariffs applied to long steel products, from March 22, 2018 to March 21, 1919, the rate of self-defense was 12.4%; From March 22, 2019, to March 21, 2020, the tax rate was 10.9%; From March 22, 2020, onward the tax rate to 0% if not extended.
For steel products, from March 22, 2018, to March 21, 1919, the rate of self-defense tax was 19.3%; from March 22, 2019, to March 21, 2020, the tax rate was 17.3%; From March 22, 2020, onward the tax rate to 0% if not extended.
In addition, Decision No. 4086/QD-BCT also provides for the exclusion of the application of formal safeguard measures, in addition to the documents required by the customs and specialized agencies, when imported. The organization or individual should provide the customs office with a certificate of origin in accordance with the current regulations, which specify the imported goods originating from the country/territory named in the list. The excluded books are enclosed.
It can be seen that the application of safeguard measures through direct investigations by the Investigation Agency for the production and import of long steel billets and steel products in Vietnam will contribute to ensuring This is in line with quantitative import quotas as well as strengthening market stability for these products in Vietnam.