Import Plate punch machine into Vietnam Customs procedures; import duty and transportation
You want to export Plate punch machine to Vietnam? You need to calculate freight from export warehouse to Vietnam? You want to know about Vietnam’s procedure and import duties on importing Plate punch machine to Vietnam? Import procedures for Plate punch machine?
In this article, Logistics HP Global Vietnam, whose many years in providing freight and logistics services import Plate punch machine from many countries to Vietnam, will share knowledge and advise on above issues.
HS code and import duty of Plate punch machine in Vietnam
HS code of Plate punch machine in Vietnam
In importing/exporting any commodity, In order to properly determine duties, policies, procedures of the commodity, one of the first thing needed to determine is the HS code of the commodity
Plate punch machine under chapter 84: Nuclear reactors, boilers, machinery and mechanical equipment; parts of them
VAT and preferential import duty on Plate punch machine to Vietnam in 2023
HS Code | Descriptions | VAT | Preferential Import duty | Normal import tax |
8448 | Auxiliary machinery for use with machines of heading 84.44, 84.45, 84.46 or 84.47 (for example, dobbies, Jacquards, automatic stop motions, shuttle changing mechanisms); parts and accessories suitable for use solely or principally with the machines of this heading or of heading 84.44, 84.45, 84.46 or 84.47 (for example, spindles and spindle flyers, card clothing, combs, extruding nipples, shuttles, healds and heald-frames, hosiery needles). | |||
84481110 | – – – Electrically operated | 10% | 0% | 5% |
The classification of a product to a certain HS code is based on the nature, composition, …. of the actual exported commodity at the import time, based on catalogue, technical documents (if any) or /and decided by the Customs Department of Commodity Verification. The actual inspection results of the Customs and announcement by the Customs Department of Commodity Verification are legal basis for applying HS code to imported goods. Importers are ultimately responsible for ensuring that the products are correctly classified.
Our above advised HS codes are for reference only.
→ For more information about this content, please refer to the article Definition of HS code in Vietnam
Duties, Taxes on importing Plate punch machine to Vietnam:
When importing Plate punch machine to Vietnam, the importer needs to pay import value added tax (VAT) and Import duty. The above table shows VAT and Preferential Import duty based on HS code
Currently, Vietnam have signed FTA with more than 50 countries in the world. In case Plate punch machine is imported from countries with free trade agreements with Vietnam, they may enjoy special preferential import duties if they meet the conditions set by the agreement.
Special Preferential Import duty of Plate punch machine to Vietnam year 2023 under some FTAs:
HS | ACFTA | ATIGA | AJCEP | VJEPA | AKFTA | AANZFTA | AIFTA | VKFTA | VCFTA | VN-EAEU | CPTPP | AHKFTA | VNCU | EVFTA | UKVFTA | VN-LAO |
84481110 | 0 | 0 | 0 | 0 | 0(-KH) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
→ To check whether your country and Vietnam have MFN (Most favoured nation) and FTA (Free Trade Agreement), you can check at the article: Overview Of Trade Relations Between Vietnam And The World
Are Plate punch machine banned from importing to Vietnam?
According to the current regulation, Plate punch machine is not in the List of prohibited imports into Vietnam, so the enterprise can do the import procedure pursuant to current stipulations.
→ For more information, read the article List of prohibited imports into Vietnam
Governmental management on importing Plate punch machine to Vietnam
What certificates are required in importing Plate punch machine to Vietnam?
When importing used Plate punch machine, inspection of old machines must be carried out according to the provisions of Decision 18/2019/QD-TTg.
Customs procedure of import Plate punch machine into Vietnam
What procedure of importing Plate punch machine to Vietnam? What documents are needed when importing Plate punch machine to Vietnam?
Customs dossier for importing Plate punch machine normally are as below:
- Commercial Invoice (Commercial Invoice)
- Bill of lading (Bill of Lading)
- Certificate of origin (Certificate of origin – in case the importer wants to enjoy special preferential import tax)
- In some cases: Packing List (Goods packing slip)
- In addition to the import dossier prescribed by the Customs Law, the enterprise must supplement the following documents:
a) A copy of the enterprise registration certificate with the enterprise’s stamp. In case of import under entrustment, a written authorization for import is required;
b) The original certificate of the manufacturer of the machinery and equipment about the year of manufacture and the standards of the machinery and equipment meeting these standards. regulations specified in Article 6 of this Decision in the case of machinery and equipment manufactured in a country belonging to the G7 countries, Korea. The certification must be consularly legalized and accompanied by a Vietnamese translation;
c) The inspection certificate is issued by a designated inspection organization that meets the specified requirements.
Label for Plate punch machine imported to Vietnam
*Note: The label/stamp of old machinery must keep the original stamp of the manufacturer, not be modified, chiseled and renewed.
Imported goods need to be fully labeled according to current regulations.
Goods labels must show the following contents:
a) Name of goods;
b) Name and address of the organization or individual responsible for the goods;
c) Origin of goods;
d) Other contents according to the nature of each type of goods
Select HP Global as the freight forwarder/customs broker for your shipments import Plate punch machine into Vietnam
HP Global is the freight forwarder with top reputation in Vietnam
- Member of WCA (top network for independent forwarders in the world
- Registered with the US Federal Maritime Commission (FMC)
- Member of VLA (Vietnam Logistics Business Association)
- A customs broker who is certified by Vietnam Customs department
We provide following services:
- Sea freight from Vietnamese ports to other countries and vice versa.
- Air freight from Vietnam Airports to other countries and vice versa
- Customs clearance service in Vietnam: Ha Noi, Hai Phong, Da Nang, Ho Chi Minh …
- Inland transportation in Vietnam: road, waterway, railway
- Consultation on the following contents: HS code, import tax, payment, product import policy, effective shipping solutions,…
- Other services: quality inspection, machinery inspection, cosmetic announcement, food supplement announcement, import, export license in Vietnam ….
- For Plate punch machine, we provide full services including international freight, customs clearance
→ Contact us for freight and inbound and outbound services for shipments to / from Vietnam – Email: info@hpgloballtd.com
You may concern:
- Overview Of Trade Relations Between Vietnam And The World
- Overview of Vietnam Seaports
- Import Cosmetics to Vietnam: Procedure and Duty
For consultation and quotation for cargo import to and export from Vietnam, contact us as below details
Logistics HP Global Vietnam
Freight forwarder, Customs Broker and Vietnam Import/export license
Building No. 13, Lane 03, N003, Van Khe, La Khe, Ha Dong, Hanoi
Website: hpgloballtd.com / hptoancau.com
Email: info@hpgloballtd.com
Phone: ++84 24 73008608 / Hotline: ++84 984870199/ ++84 8 8611 5726
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