Quota for raw tobacco imports set at nearly 72,000 tonnes
Vietnam would import 71,835 tonnes of raw tobacco under tariff quota for 2024 set in a freshly issued circular by the Ministry of Industry and Trade (MoIT).
Hanoi (VNA) – Vietnam would import 71,835tonnes of raw tobacco under tariff quota for 2024 set in a freshly issued circular by the Ministry of Industryand Trade (MoIT).
Raw material import tariff quotas are assigned by themethod specified in the Government's Decree No. 69/2018/ND-CP dated May 15,2018, detailing a number of articles of the Law on Management Foreign Trade, Circular No. 12/2018/TT-BCT dated June 15, 2018 of the MoIT detailing a numberof articles of the Law on Foreign Trade Management, and Decree No. 69/2018/ND-CPdated May 15, 2018 of the Government detailing a number of articles of the Lawon Foreign Trade Management.
The above quota is allocated to traders who arelicensed for producing cigarettes by the MoIT and are in need ofraw tobacco for production of cigarettes with a certain percentage of importedraw tobacco certified by the ministry.
Circular No. 39/2023/TT-BCTwill take effect from February 22, 2024 to the end of the year./.
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Illustrative image (Source: VNA) 
