Import Lubricating oil used for industrial machinery into Vietnam: Customs procedures; import duty and transportation

You want to export Lubricating oil used for industrial machinery to Vietnam? You need to calculate freight from export warehouse to Vietnam? You want to know about Vietnam’s procedure and import duties on importing Lubricating oil used for industrial machinery to Vietnam?  Import procedures for Lubricating oil used for industrial machinery?

In this article, Logistics HP Global Vietnam, whose many years in providing freight and logistics services import Lubricating oil used for industrial machinery from many countries to Vietnam, will share knowledge and advise on above issues.

HS code and import duty of Lubricating oil used for industrial machinery in Vietnam 

HS code of Lubricating oil used for industrial machinery in Vietnam

In importing/exporting any commodity, In order to properly determine duties, policies, procedures of the commodity, one of the first thing needed to determine is the HS code of the commodity

Lubricating oil used for industrial machinery under Chapter 27: Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes

VAT and preferential import duty on Lubricating oil used for industrial machinery to Vietnam in 2023

HS Code	Descriptions	VAT	Preferential Import duty	Normal import tax	Environmental protection tax: Lubricants are subject to environmental protection tax, as follows: + 1000 VND/ 1kg for grease (applied from 01/01/2023) + 1000 VND / 1 liter for lubricants (applied from 01/01/2023) *Note: the environmental protection tax on lubricants is regulated in accordance with RESOLUTION 30/2022/UBTVQH15 (expired on December 31, 2023).
2710	Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70% or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations; waste oils.
27101946	– – – – Other lubricating oils	10%	5%	7,5%

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

Duties, Taxes on importing Lubricating oil used for industrial machinery to Vietnam:

When importing Lubricating oil used for industrial machinery to Vietnam, the importer needs to pay import value added tax (VAT) and Import duty. The above table shows VAT and Preferential Import duty based on HS code

Currently, Vietnam have signed FTA with more than 50 countries in the world. In case Lubricating oil used for industrial machinery is imported from countries with free trade agreements with Vietnam, they may enjoy special preferential import duties if they meet the conditions set by the agreement.

Special Preferential Import duty of Lubricating oil used for industrial machinery to Vietnam year 2023 under some FTAs:

HS

ACFTA

ATIGA

AJCEP

VJEPA

AKFTA

AANZFTA

AIFTA

VKFTA

VCFTA

VN-EAEU

CPTPP

AHKFTA

VNCU

EVFTA

UKVFTA

VN-LAO

27101946

0 (-ID)

0

1

0

0(-KH, ID, MY )

*

*

0

*

7

10

*

3,1

3,1

K

→ To check whether your country and Vietnam have MFN (Most favoured nation) and FTA (Free Trade Agreement), you can check at the article: Overview Of Trade Relations Between Vietnam And The World

Are Lubricating oil used for industrial machinery banned from importing to Vietnam?

According to the current regulation, Lubricating oil used for industrial machinery 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

Governmental management on importing Lubricating oil used for industrial machinery to Vietnam

What certificates are required in importing Lubricating oil used for industrial machinery to Vietnam?

There isn’t no any special governmental management policy on importing Lubricating oil used for industrial machinery to Vietnam

Customs procedure to import Lubricating oil used for industrial machinery into Vietnam:

What procedure of importing Lubricating oil used for industrial machinery to Vietnam? What documents are needed when importing Lubricating oil used for industrial machinery to Vietnam?

Customs dossier for importing Lubricating oil used for industrial machinery commodity normally are as below:

• Commercial Invoice (Commercial Invoice)
• Bill of lading (Bill of Lading)
• Certificate of origin (Certificate of origin – in case the importer wants to enjoy special preferential import tax)
• In some cases: Packing List (Goods packing slip)

→ Contact us for inbound and outbound shipment to / from Vietnam – Email: info@hpgloballtd.com

Label for import Lubricating oil used for industrial machinery

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

Imported goods need to be fully labeled according to current regulations.

Goods labels must show the following contents:

a) Name of goods;

b) Name and address of the organization or individual responsible for the goods;

c) Origin of goods;

d) Other contents according to the nature of each type of goods

Select HP Global as the freight forwarder/customs broker for your shipments import Lubricating oil used for industrial machinery into Vietnam

HP Global is the freight forwarder with top reputation in Vietnam

• Member of WCA (top network for independent forwarders in the world
• Registered with the US Federal Maritime Commission (FMC)
• Member of VLA (Vietnam Logistics Business Association)
• A customs broker who is certified by Vietnam Customs department

We provide following services:

• Sea freight from Vietnamese ports to other countries and vice versa.
• Air freight from Vietnam Airports to other countries and vice versa
• Customs clearance service in Vietnam: Ha Noi, Hai Phong, Da Nang, Ho Chi Minh …
• Inland transportation in Vietnam: road, waterway, railway
• Consultation on the following contents: HS code, import tax, payment, product import policy, effective shipping solutions,…
• Other services: quality inspection, machinery inspection, cosmetic announcement, food supplement announcement, import, export license in Vietnam ….
• For Lubricating oil used for industrial machinery, we provide full services including international freight, customs clearance

→ Contact us for freight and inbound and outbound services for shipments to / from Vietnam – Email: info@hpgloballtd.com

You may concern:

• Overview Of Trade Relations Between Vietnam And The World
• Overview of Vietnam Seaports
• Import Cosmetics to Vietnam: Procedure and Duty

For consultation and quotation for cargo import to and export from Vietnam, contact us as below details

Logistics HP Global Vietnam

Freight forwarder, Customs Broker and Vietnam Import/export license

Building No. 13, Lane 03, N003, Van Khe, La Khe, Ha Dong, Hanoi

Website: hpgloballtd.com / hptoancau.com

Email: info@hpgloballtd.com

Phone: ++84 24 73008608 / Hotline: ++84 984870199/ ++84 8 8611 5726

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