Title: Decision 918/QD-BCT in 2020 on extension of safeguard measures against imported long steel and billet products, issued by the Ministry of Industry and Trade.

Type: Decision

Issuing Agency: Ministry of Industry and Trade

Responsible Agency: Ministry of Industry and Trade

Issuing Date: 20-03-2020

Extension of safeguard measure with imported steel billets and long steel

On March 26, 2020, the Ministry of Industry and Trade issued Decision 918 / QD-BCT on extending the application of safeguard measures to imported steel billets and long steel products.

Accordingly, the Ministry of Industry and Trade decided to extend the application of safeguard measures for steel billets and long steel products with HS code: 7207.11.00; 7207.19.00; 7207.20.29; 7207.20.99; 7224.90.00; 7213.10.10; 7213.10.90; 7213.91.20; 7214.20.31; 7214.20.41; 7227.90.00; 7228.30.10; 9811.00.00 imported into Vietnam. For HS code 9811.00.00, the safeguard measure only applies to imported goods with reference to 03 original HS codes 7224.90.00; 7227.90.00 and 7228.30.10.

The tax rate applied to safeguard measures on the above goods is as follows: From March 22, 2020 - March 21, 2021, 15.3% for steel billets, 9.4% for long steel; from March 22, 2021 - March 21, 2022, 13.3% for steel billets, 7.9% for long steel; from 22/3/2022 - 21/3/2023, 11.3% for steel billet, 6.4% for long steel. Some countries and territories with insignificant imports are excluded from applying the safeguard measure. Specifically: Angola, Benin, Madagascar, Nigeria, Malawi, Myanmar, Combodia, Philippines, American Samoa, Bulgaria, Albania ...

The decision takes effect from March 22, 2020.

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