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
|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
Phone: 024 73008608 / Hotline: ++84 8 8611 5726
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