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  • Procedure and Import duties of Vending Machine into Vietnam
 

Procedure and Import duties of Vending Machine into Vietnam

by hptoancau / Friday, 18 September 2020 / Published in Machinery and equipment

Mục lục

  • HS code of Vending Machine
  • Ban on import, export 
  • Policy on importing Vending Machine 
  • Governmental management on Vending Machine 
  • Customs procedure of import Vending Machine into Vietnam
  • Label for import Vending Machine
  • Duties, Taxes on importing Vending Machine
  • Shipping Cost and time for importing Vending Machine

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

HS code of Vending Machine

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

Vending Machine’s HS code Chapter 84 – Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof

HS Code Description
84762100 Automatic goods-vending machines (for example, postage stamp, cigarette, food or beverage machines), including money-changing machines.
84762100 – – Incorporating heating or refrigerating devices

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.

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, Vending Machine 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

Policy on importing Vending Machine 

Governmental management on Vending Machine 

There isn’t no any special governmental management policy on importing Vending Machine

Customs procedure of import Vending Machine into Vietnam

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

Label for import Vending Machine

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

Duties, Taxes on importing Vending Machine

When importing Vending Machine, the importer needs to pay import duty and value added tax (VAT).

VAT on Vending Machine: 10%

Preferential import tax rate on Vending Machine: 0%

In case Vending Machine are 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.

Shipping Cost and time for importing Vending Machine

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 importing Vending Machine

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 whether any update

–  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.

 

 

Tagged under: Procedure and Import duties of Vending Machine into Vietnam

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Address: Room 2308, Building CT2, Van Khe, La Khe, Ha Noi, Viet Nam
Hotline: (+84) 98 487 0199
E-mail: info@hpgloballtd.com
Website: hpgloballtd.com / hptoancau.com

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