Vietnam's Ministry of Industry and Trade (MOIT) has announced that it has decided to exempt four more local companies from the safeguard duty imposed on color-coated steel sheet imports into Vietnam in addition the previously announced nine local companies.
In May this year, the MOIT introduced import quotas for color-coated steel sheet imports and also calculated a safeguard duty of 19 percent for the countries exceeding the annual quota.
The products in question are color-coated steel sheets of alloy or non-alloy steel, cold-rolled, coated or zinc-coated and pre-painted galvanized steel sheets, currently classified under Harmonized System Code Numbers 7210.7010, 7210.7090, 7212.4010, 7212.4020, 7212.4090, 7225.9990, 7226.9919 and 7226.9999.
The Vietnamese companies to be exempted from the safeguard duty on color-coated steel sheet imports are listed below:
|
Companies |
Exemption quota mt |
|
Tan Ha Educational Equipment Co., Ltd |
315.05 |
|
Deasun Vina Company Limited |
686.68 |
|
Ton Truong Thang Production and Trading Co., Ltd |
121.05 |
|
Superior Multi-Packing VN Co., Ltd |
1,008 |