Import Oils into Vietnam
With many years of experience in handling importing Oils, in this article, Logistics HP Global summarizes the contents related to importing Oils into Vietnam: Vietnam’s governmental management policy on importing Oils; Import procedures for Oils; Taxes on importing Oils;… …
HS code of Oils
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
Oils’s HS code Chapter 27: Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
| Hs code | Preferential import tax rate | |
| 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. | |
| 271012 | – – Light oils and preparations: | |
| – – – Motor spirit, leaded: | ||
| 27101211 | – – – – Of RON 97 and above | 20 |
| 27101212 | – – – – Of RON 90 and above but below RON 97 | 20 |
| 27101213 | – – – – Of other RON | 20 |
| – – – Motor spirit, unleaded: | ||
| – – – – Of RON 97 and above: | ||
| 27101221 | – – – – – Unblended | 20 |
| 27101222 | – – – – – Blended with ethanol | 20 |
| 27101223 | – – – – – Other | 20 |
| – – – – Of RON 90 and above but below RON 97: | ||
| 27101224 | – – – – – Unblended | 20 |
| 27101225 | – – – – – Blended with ethanol | 20 |
| 27101226 | – – – – – Other | 20 |
| – – – – Of other RON: | ||
| 27101227 | – – – – – Unblended | 20 |
| 27101228 | – – – – – Blended with ethanol | 20 |
| 27101229 | – – – – – Other | 20 |
| – – – Aviation spirit, of a kind used in aviation piston-engines: | ||
| 27101231 | – – – – 100 octane and above | 7 |
| 27101239 | – – – – Other | 7 |
| 27101240 | – – – Tetrapropylene | 20 |
| 27101250 | – – – White spirit | 20 |
| 27101260 | – – – Low aromatic solvents containing by weight less than 1 % aromatic content | 20 |
| 27101270 | – – – Other solvent spirits | 20 |
| 27101280 | – – – Naphtha, reformates and other preparations of a kind used for blending into motor spirits | 20 |
| – – – Other: | ||
| 27101291 | – – – – Alpha olefins | 20 |
| 27101292 | – – – – Other, petroleum spirit, having a flashpoint of less than 23oC | 20 |
| 27101299 | – – – – Other | 20 |
| 271019 | – – Other: | |
| 27101920 | – – – Topped crudes | 5 |
| 27101930 | – – – Carbon black feedstock | 5 |
| – – – Lubricating oils and greases: | ||
| 27101941 | – – – – Lubricating oil feedstock | 5 |
| 27101942 | – – – – Lubricating oils for aircraft engines | 5 |
| 27101943 | – – – – Other lubricating oils | 5 |
| 27101944 | – – – – Lubricating greases | 5 |
| 27101950 | – – – Hydraulic brake fluid | 3 |
| 27101960 | – – – Transformer and circuit breakers oils | 5 |
| – – – Diesel fuel; fuel oils: | ||
| 27101971 | – – – – Automotive diesel fuel | 7 |
| 27101972 | – – – – Other diesel fuels | 7 |
| 27101979 | – – – – Fuel oils | 7 |
| 27101981 | – – – Aviation turbine fuel (jet fuel) having a flash point of 23oC or more | 7 |
| 27101982 | – – – Aviation turbine fuel (jet fuel) having a flash point of less than 23oC | 7 |
| 27101983 | – – – Other kerosene | 7 |
| 27101989 | – – – Other medium oils and preparations | 5 |
| 27101990 | – – – Other | 5 |
| 27102000 | – Petroleum oils and oils obtained from bituminous minerals (other than crude) and 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, containing biodiesel, other than waste oils | 5 |
| – Waste oils: | ||
| 27109100 | – – Containing polychlorinated biphenyls (PCBs), polychlorinated terphenyls (PCTs) or polybrominated biphenyls (PBBs) | 20 |
| 27109900 | – – Other | 20 |
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, Oils 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 Oils
Governmental management on Oils
Oils are subject to specialized management by the Ministry of Science and Technology.
Greasy products may be on the list to be declared regulated and subject to quality inspection(or not)
depending on the purpose of use and type.
Note:
- According to the provisions of Circular 06/2018 / TT-BKHCN, from December 15, 2018, combustion
engine lubricant products manufactured, prepared or imported in the market must comply with the
regulations of QCVN. 14: 2018 / BKHCN
- Internal combustion engine lubricants manufactured, blended or imported were circulated on the
market before December 15, 2018, and continue to be circulated on the market until the end of June 15, 2020.
- For imported internal combustion engine lubricants, a certificate of conformity shall be applied before
distribution in the market.
Customs procedure of import Oils into Vietnam
Customs procedure of importing Oils into Vietnam is the same as other common commodities.
Label for import Oils
According to current stipulation, cargo imported into Vietnam need to have sufficient label
Cost and time for importing Oils
Cost for importing cargo related to transportation and customs clearance are mainly contributed by two main factors: Tax and shipping costs
Taxes on importing Oils
When importing Oils, the importer needs to pay import duties and value added tax (VAT).
VAT on Oils: 10%.
Preferential import tax rate on Oils is 5%- 20% ( 2019)
Environmental protection tax: oils and products are subject to environmental protection tax
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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