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Import Procedure of Auto Parts from India to Vietnam

by hptoancau / Saturday, 19 October 2019 / Published in Components, accessories, Vietnam - India

Mục lục

  • Import Auto Parts from India to Vietnam
  • Ban on import, export 
  • Duty, taxes on importing Auto Parts from India to Vietnam
  •  Import procedure of Auto Parts from India to Vietnam
  • Governmental management on Auto Parts
  • Customs procedure of import Auto Parts into Vietnam
  • Label for import Auto Parts
  • Shipping cost and time of Auto Parts from India to Vietnam

Import Auto Parts from India to Vietnam

India is rising as one of the biggest export market of auto parts in the world. With suitable quality and price, more and more Vietnamese trader import auto parts from India to distribute in Vietnam market.

With many years of experience in handling importing Auto Parts from India to Vietnam, in this article, Logistics HP Global summarizes the contents related to importing Auto Parts into Vietnam: Vietnam’s governmental management policy on importing Auto Parts; Import procedures for Auto Parts; Taxes on importing Auto Parts;…

Import Auto Parts to Vietnam

Ban on import, export 

According to the current regulation, Auto Parts (New 100%) 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

Duty, taxes on importing Auto Parts from India to Vietnam

When importing Auto Parts, the importer needs to pay import duties and value added tax (VAT).

VAT on Auto Parts: 10%.

Import duty

Vietnam and India official established full diplomatic relations since 07/01/1972

Agreement on Trade and Economic Cooperation between India and Vietnam signed on 26 Feb 1978 (and re-new on 08 March 1997), the two countries agree on Most Favoured Nation (MFN) each other.

ASEAN and the Republic of India went into the Framework Agreement on Comprehensive Economic Cooperation on October 8th, 2003. The Parties, on the basis of the Framework Agreement, signed an Agreement on Free Trade in Goods (effective on January 1st, 2010 – effective in Vietnam from 01 June 2010).

Therefore, for Auto Parts import from India to Vietnam, for import duties,

+ Cargo can enjoy Special Preferential import tax rate under AIFTA if the cargo met the conditions of the Agreement

+ Otherwise, cargo can enjoy Preferential import tax rate

For more details on the import duties for Auto Parts import from India to Vietnam, read the article: Import Duty of Auto Parts from India to Vietnam

 Import procedure of Auto Parts from India to Vietnam

Governmental management on Auto Parts

Auto parts are under the management of the Ministry of Transport. Some kinds of auto parts under no quality management; some kinds of auto parts under quality management when importing into Vietnam.

On July 30, 2018, the Ministry of Transport issued Circular No. 41/2018/TT-BGTVT regulating the list of products and goods likely to cause unsafe under the State management responsibility of the Ministry of Transport. transportation, effective from September 15, 2018, lists a number of auto parts in Appendix II: “Imports must be certified or declared conformable with corresponding national technical regulations and standards. The inspection and certification shall be carried out after customs clearance and before marketing”.

With these products, when making clear customs procedures, enterprises must submit to customs offices a written registration certified by quality inspection agencies (guided in Official Dispatch No. 6489 / TCHQ-GSQL of November 05 / 2018 by the General Department of Customs)

Management on declaration value

Auto Parts is in the list of management on declaration value. In some cases, the customs officers will request importer for audit of value.

Customs procedure of import Auto Parts into Vietnam

For those items of auto parts on the list of potentially unsafe goods, registration for quality inspection will required when clearing customs procedures (as prescribed in Circular No. 41/2018 / TT-BGTVT).

For those items that not under quality control management, the customs procedure is as other common commodity.

For commodities that importer want to enjoy Special Preferential import tax rate, Certificate of Origin under form of AIFTA is required.

Label for import Auto Parts

According to current stipulation, cargo imported into Vietnam need to have sufficient label

Shipping cost and time of Auto Parts from India to Vietnam

Shipping costs and transportation time are closely related. Depending on the nature of the commodity and requirement of the shipment, international transportation mode can be by sea, air, road, rail and express delivery. The enterprise should consider to make the most appropriate decision.

Only Auto parts which are urgent needed or need special care will be shipped by air. Normally, Auto Parts shipped from India to Vietnam by sea, FCL or LCL.

India export sea ports are normally: Mundra, Nhava Sheva, Hazira

Vietnam import sea ports are normally: Hai Phong, Cat Lai, Cai Mep, Da Nang, Quy Nhon…

Shipping time normally 18 – 30 days, based on services and ports of loading, ports of discharge

For more details for such information, can refer to following article:

Import Procedure of Auto Parts to Vietnam

Trade Relations between Vietnam and India

Overview of Vietnam Sea ports

For more detailed advice on import procedures, shipping methods and full estimates for shipping from Auto Parts from India to Vietnam, please contact our customer service department by email info@ hpgloballtd.com or hotline  ++84 8 8611 5726.

You can continue reading or watch the video:

Hp Global Company Limited

Freight forwarder and Customs Brokerage

Room 2308, CT2 Van Khe, La Khe, Ha Dong, Hanoi

Website: hpgloballtd.com/hptoancau.com

Email: info@hpgloballtd.com

Phone: 024 73008608 / Hotline: ++84 8 8611 5726

Note:

– The article is for reference only, prior to using the content, it is suggested that you should contact HP Global for any update or not

–  HP Global keep it full right copy right of the article. No copy for commercial purpose is approved.

– Any copy without approval by HP Global (even note quote from website hpgloballtd.com/hptoancau.com) can cause to our claim to google and related agencies.

 

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