Imported vegetable oil subject to CVDs
(VOV) - The Ministry of Industry and Trade (MoIT) will impose countervailing duties (CVD) on imported vegetable oil as of September 7, 2013.
Under a decision signed by MoIT Minister Vu Huy Hoang on August 23, refined soybean and palm oil, coded HS 1507.90.90, 1511.90.91, 1511.90.92 and 1511.90.99, will be subject to a new anti-dumping tax of 5%, and the rate will be slashed to 2% in 2017.
The decision followed a proposal from the Vietnam Vegetable Oil Company urging the ministry to apply temporary measures on imported vegetable oil.