Import Lubricating preparation to Vietnam
With practical experience in handling importing Lubricating preparation, in this article, Logistics HP Global summarizes the contents related to importing Lubricating preparationinto Vietnam: Vietnam’s governmental management policy on importing Lubricating preparation; Import procedures for Lubricating preparation; Taxes on importing Lubricating preparation;…
In this article, Lubricating preparation is used to lubricate metal, which holds the tool and metal cutting parts at a constant temperature.
HS code of Lubricating preparation
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
Lubricating preparation’s HS code in Chapter 34: SOAP, ORGANIC SURFACE-ACTIVE AGENTS, WASHING PREPARATIONS, LUBRICATING PREPARATIONS, ARTIFICIAL WAXES, PREPARED WAXES, POLISHING OR SCOURING PREPARATIONS, CANDLES AND SIMILAR ARTICLES, MODELLING PASTES, “DENTAL WAXES” AND DENTAL PREPARATIONS WITH A BASIS OF PLASTER
|3403||Lubricating preparations (including cutting-oil preparations, bolt or nut release preparations, anti-rust or anti-corrosion preparations and mould release preparations, based on lubricants) and preparations of a kind used for the oil or grease treatment of textile materials, leather, furskins or other materials, but excluding preparations containing, as basic constituents, 70 % or more by weight of petroleum oils or of oils obtained from bituminous minerals.|
|34039919||– – – – Other|
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, Lubricating preparation 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 to Vietnam of Lubricating preparation
Governmental management on Lubricating preparation
There isn’t no any special governmental management policy on importing Lubricating preparation
Management on declaration value
Lubricating preparationis in the list of management on declaration value
Customs procedure of import Lubricating preparationinto Vietnam
When doing customs clearance, customs procedure of importing Lubricating preparation into Vietnam is the same as other common commodities.
Label for import Lubricating preparation
According to current stipulation, cargo imported into Vietnam need to have sufficient label
Duties, Taxes on importing Lubricating preparation
When importing Lubricating preparation, the importer needs to pay import duty and value added tax (VAT).
VAT on Lubricating preparation: 10%.
Preferential import tax rate on Lubricating preparation is 20%
Shipping Cost and time for importing Lubricating preparation
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 estimate for the full shipping cost, please contact us – Service Provider for exporting Lubricating preparation
Hp Global Company Limited
Freight forwarder and Customs Brokerage
Room 2308, CT2 Van Khe, La Khe, Ha Dong, Hanoi
Phone: 024 73008608 / Hotline: ++84 8 8611 5726
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