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  • Import Procedure of Screws into Vietnam
 

Import Procedure of Screws into Vietnam

by Thanh Mai / Wednesday, 09 October 2019 / Published in Components, accessories

Mục lục

  • HS code of Screws
  • Ban on import, export 
  • Import procedure into Vietnam of Screws
    • Governmental management on Screws
    • Customs procedure of import Screwsinto Vietnam
    • Label for import Screws
  • Cost and time for importing Screws
    • Taxes on importing Screws

Import Screws into Vietnam

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

HS code of Screws

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

Screws’s HS code Chapter 73, Articles of Iron or Steel

7318 Screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel.
73181910

 

Having a shank of an external diameter not exceeding 16 mm

 

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

Import Procedure of Screws into Vietnam

Ban on import, export 

According to the current regulation, Screws 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 Screws

Governmental management on Screws

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

Customs procedure of import Screwsinto Vietnam

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

Label for import Screws

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

Cost and time for importing Screws

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

Taxes on importing Screws

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

VAT on Screws:10%.

Preferential import tax rate on Screws is 12%.

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

Note:

– The article is for reference only, prior to using the content, it is suggested that you should contact HP Global for any update or not

–  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.

 

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