Import Life raft into Vietnam

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

HS code of Life raft

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

Life raft’s HS code Chapter 89: SHIPS, BOATS AND FLOATING STRUCTURES

8907	Other floating structures (for example, rafts, tanks, coffer- dams, landing-stages, buoys and beacons).
89071000	– Inflatable rafts

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, Life raft 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 Life raft

Governmental management on Life raft 

Life raft  is in ” ON THE LIST OF POTENTIALLY UNSAFE COMMODITIES UNDER THE MANAGEMENT OF THE MINISTRY OF TRANSPORT”

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

Customs procedure of import Life raft into Vietnam

Customs procedure of importing Life raft into Vietnam is the same as other common commodities.

Label for import Life raft

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

Cost and time for importing Life raft

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

Taxes on importing Life raft

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

VAT on Life raft:  10%.

Preferential import tax rate on Life raft is 5%.

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.