Import Procedure of Ball bearings into Vietnam

Import Ball bearings into Vietnam

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

HS code of Ball bearings

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

Ball bearings’s HS code Chapter 84, Nuclear reactors, Boilers, Machinery and Mechanical appliances; parts thereof.

8482	Ball or roller bearings.
84828000	Other, including combined ball/roller bearings

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, Ball bearingsis 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 Ball bearings

Governmental management on Ball bearings

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

Customs procedure of import Ball bearingsinto Vietnam

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

Label for import Ball bearings

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

Cost and time for importing Ball bearings

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

Taxes on importing Ball bearings

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

VAT on Ball bearings: 10%.

Preferential import tax rate on Ball bearings is 3%.

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

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