Import Parts of Drill into Vietnam

With many years of experience in handling importingParts of Drill, in this article, Logistics HP Global summarizes the contents related to importing Parts of Drillinto Vietnam: Vietnam’s governmental management policy on importing Parts of Drill; Import procedures for Parts of Drill; Taxes on importing Parts of Drill;… …

HS code of Parts of Drill

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

Parts of Drill’s HS code of Chapter 84: nuclear reactors, boilers, machinery and mechanical appliances; parts thereof

8483	Transmission shafts (including cam shafts and crank shafts) and cranks; bearing housings and plain shaft bearings; gears and gearing; ball or roller screws; gear boxes and other speed changers, including torque converters; flywheels and pulleys, including pulley blocks; clutches and shaft couplings (including universal joints).
84834030	– – For machinery of heading 84.29 or 84.30

 

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, Parts of Drill 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 Parts of Drill

Governmental management on Parts of Drill

Parts of Drill are under the specialized management of the Ministry of Transport.

Accordingly, when importing Parts of Drill, it is required to certify or announce the standard conformity after customs clearance and before being marketed.

Customs procedure of import Parts of Drillinto Vietnam

When doing customs clearance, customs procedure of importing Parts of Drill into Vietnam is the same as other common commodities and must submit additional Registration documents for certification or publication.

Label for import Parts of Drill

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

Cost and time for importing Parts of Drill

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

Taxes on importing Parts of Drill

When importing Parts of Drill, the importer needs to pay import duties and value added tax (VAT).

VAT on Parts of Drill: 10%.

Preferential import tax rate on Parts of Drill is 15%.

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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