This follows the provisional measures announced on February 21. Under the provisional measures, duties ranging from 19.38% to 27.83% were imposed on HRC products imported from China.
The Vietnam Association of Mechanical Enterprises (VAMI), which represents more than 3,100 mechanical enterprises nationwide, made numerous suggestions to the ministry following the tax decision. Based on feedback from companies that directly import HRC steel and use it in their production processes, VAMI stated that the implementation should be more fair and technically clear.
In particular, steel grades that cannot be produced domestically should be exempted from the duty, the association pointed out. Imports of these steel grades do not have any impact on domestic production. It also suggested that technical standards and brand names be clarified to avoid confusion in tax applications.
The following items stood out in VAMI's petition:
- Exemption of special steel grades that are not produced domestically and used as raw materials in production,
- Transparently define whether specifications, brand names and standards are taxable or not.
The Ministry of Industry and Trade is expected to announce the final decision shortly. The final tax decision is expected to take into account both the protection of domestic producers and the sustainability of import-based industrial production.
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