Import Steel Reducer into Vietnam

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

 

HS code of Steel Reducer

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

Steel Reducer’s HS code Chapter 73- ARTICLES OF IRON OR STEEL

HS Code	Description
7307	Tube or pipe fittings (for example, couplings, elbows, sleeves), of iron or steel.
73079309	Other

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, Steel Reducer 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 Steel Reducer

Governmental management on Steel Reducer

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

Customs procedure of import Steel Reducer into Vietnam:

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

Label for import Steel Reducer:

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

Duties, Taxes on importing Steel Reducer:

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

VAT on Steel Reducer: 10%

Preferential import tax rate on Steel Reducer: 5%

In case Steel Reducer 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 Steel Reducer:

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 Steel Reducer

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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