Import Procedures for Circular Saws

Import Procedures for Circular Saws

1. Determine HS Code

• HS Code: For circular saws, the HS code generally falls under 8202.99.00. This code helps determine the import duty and other regulatory requirements. To confirm the exact HS code, refer to the Vietnam Customs Department website or consult the current tariff schedule.

2. Prepare Import Documentation

• Invoice:
  • Requirement: The invoice should include details about the supplier, importer, a detailed description of the circular saws (product name, quantity, unit price, total value), delivery terms (Incoterms), and payment terms.
  • Legal Basis: According to Circular No. 39/2018/TT-BTC issued by the Ministry of Finance, the invoice is a necessary document for customs declaration and tax payment.
• Bill of Lading/Air Waybill:
  • Requirement: The bill of lading must be issued by the carrier and include details such as the sender, recipient, a description of the goods, number of packages, and delivery conditions.
  • Legal Basis: Per Circular No. 38/2015/TT-BTC issued by the Ministry of Finance, the bill of lading is an essential document for customs clearance.
• Packing List:
  • Requirement: This should provide detailed information about packaging, quantity, weight, and dimensions of each package.
  • Legal Basis: According to Circular No. 38/2015/TT-BTC, the packing list assists customs in verifying the goods.
• Certificate of Origin:
  • Requirement: Provide a certificate of origin issued by the relevant authority in the exporting country. This helps in benefiting from any applicable tariff preferences.
  • Legal Basis: As stipulated in the Trade Law No. 36/2005/QH11 and international trade agreements to which Vietnam is a party.

3. Verify Regulations and Standards

• Technical Standards:
  • Requirement: Ensure that the circular saws meet Vietnam’s technical and safety standards. Check for compliance with national standards (TCVN) or relevant international standards.
  • Legal Basis: According to Circular No. 01/2007/TT-BKHCN, which specifies national standards and guidelines for technical standards.
• Quality Certification:
  • Requirement: Some circular saws may require quality certification from a testing authority. Provide this certification if required.
  • Legal Basis: According to regulations from the Ministry of Science and Technology and the Ministry of Industry and Trade.

4. Customs Declaration

• Customs Declaration Form:
  • Requirement: Fill out the customs declaration form completely, including HS code, description of goods, quantity, value, and details of the exporter and importer. The declaration must be submitted via the VNACCS (Vietnam Automated Cargo and Port Consolidated System).
  • Legal Basis: According to Circular No. 38/2015/TT-BTC, which provides guidance on customs procedures.
• Import Duty and VAT:
  • Requirement: Pay import duty and value-added tax (VAT) according to regulations. The import duty rate depends on the HS code and the value of the goods.
  • Legal Basis: As per the Law on Import and Export Duties No. 107/2016/QH13 and Circular No. 38/2015/TT-BTC regarding import and export duties.

5. Goods Inspection

• Inspection at Port or Warehouse:
  • Requirement: Goods may be inspected to ensure they match the customs declaration and comply with safety and quality regulations.
  • Legal Basis: The inspection process is regulated under Circular No. 38/2015/TT-BTC and guidelines from local customs authorities.
• Addressing Issues:
  • Requirement: If issues are found or additional information is required, cooperate with authorities to resolve them promptly.
  • Legal Basis: Regulations for handling violations in customs procedures are outlined in the Customs Law No. 54/2014/QH13.

6. Receive and Distribute Goods

• Receiving Goods:
  • Requirement: After clearance, receive goods at the warehouse or port. Ensure that the goods match the description in the documentation and customs declaration.
  • Legal Basis: As per Circular No. 38/2015/TT-BTC regarding post-clearance procedures.
• Distribution:
  • Requirement: Proceed with the distribution of circular saws to sales points or customers according to the plan.

7. Relevant Legal Regulations

• Vietnam Customs Law:
  • Legal Basis: Customs Law No. 54/2014/QH13 dated June 23, 2014, which stipulates procedures and requirements related to importing goods.
• Circulars and Regulations:
  • Legal Basis: Circular No. 38/2015/TT-BTC dated March 25, 2015, by the Ministry of Finance on customs procedures; Circular No. 39/2018/TT-BTC on invoices and documentation; Circular No. 01/2007/TT-BKHCN on technical standards.
• Technical and Quality Standards:
  • Legal Basis: According to Circular No. 01/2007/TT-BKHCN and guidelines from the Ministry of Science and Technology and the Ministry of Industry and Trade.

Important Notes:

• Company Registration: The importing company must have a valid business license and be registered with the relevant government authorities.
• Tax Registration: The company needs to have a tax identification number and fulfill tax obligations according to regulations.

This guide should help you navigate the import process for circular saws effectively, ensuring compliance with all relevant regulations and preparing documentation professionally. For further assistance or additional information, you may contact local customs authorities or consult with tax and logistics experts.