Import Drills into Vietnam

With practical experience in handling importing Drills, in this article, Logistics HP Global summarizes the contents related to importing Drills into Vietnam: Vietnam’s governmental management policy on importing Drills; Import procedures for Drills; Taxes on importing Drills;… …

HS code of Drills

In order to properly determine policies, procedures of the  import, one of the first thing needed to determine is the HS code of the commodity

Drills’s HS code of Chapter 82: Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal

8207	Interchangeable tools for hand tools, whether or not power- operated, or for machine-tools (for example, for pressing, stamping, punching, tapping, threading, drilling, boring, broaching, milling, turning or screw driving), including dies for drawing or extruding metal, and rock drilling or earth boring tools.
82071900	– – Other, including parts

 

The classification of a product to a certain HS code is based on the nature, composition, …. of the actual imported 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 good. 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

 

Ban on import, export

According to the current regulation, Drills 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

Import procedure into Vietnam of Drills

Governmental management on Drills

There isn’t no any special governmental management policy on importing Drills

Customs procedure of import Drills into Vietnam

With no special governmental management policy, customs procedure of importing Drills into Vietnam is the same as other common commodities.

Label for import Drills

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

Cost and time for importing Drills

Cost for importing cargo related to transportation and customs clearance are mainly contributed by two main factors: Tax and shipping costs

Taxes on importing Drills

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

VAT on Drills: 10%.

Preferential import tax rate on Drills is 0%.

Shipping cost and import time 

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.

For more detailed advice on import procedures, shipping methods and full estimates for the entire shipment, please contact our customer service department by email info@ hpgloballtd.com or hotline  ++84 8 8611 5726.

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.