Import Procedures for Fiberglass by Ipologistics

1. Introduction to Fiberglass

Import Procedures for Fiberglass – Fiberglass is an important material in many industrial sectors due to its lightweight, durability, and corrosion resistance. It is widely used in construction, automotive, aerospace, and many other industries. With the rapidly growing trend of industrial development, the demand for importing fiberglass is increasing.

However, the process of importing fiberglass requires businesses to understand legal regulations and properly carry out customs procedures to ensure that goods are cleared legally and efficiently.

2. Legal Basis

2.1. Legal Framework

• Customs Law 2014: Provides the legal framework for customs procedures, regulations on management, inspection, and supervision of import and export goods.
• Decree 69/2018/ND-CP: Detailed guidance on state management of export and import goods.
• Circular 39/2018/TT-BTC: Regulations on invoices and documents related to import and export goods.
• Circular 26/2017/TT-BCT: Regulations on quality inspection of imported goods in the list of goods subject to quality inspection.
• Circular 08/2020/TT-BKHCN: Regulations on quality management of imported products, including technical standards and regulations.

2.2. Special Regulations

Fiberglass is not in the list of prohibited imports, but it may require quality inspection. Therefore, businesses need to comply with regulations on quality and product safety.

3. HS Code for Fiberglass

HS codes are classifications of goods according to the HS (Harmonized System) for tax management and statistics.

• HS Code 7019: Fiberglass and related products.
  • 7019.12: Fiberglass filaments (used in construction).
  • 7019.19: Other types of fiberglass (used in industrial applications).

3.1. Specific HS Codes

• 7019.12.00: Fiberglass filaments with a diameter less than 0.14 mm, used in construction.
• 7019.19.00: Other fiberglass filaments used in various industries.

3.2. Significance of HS Codes

HS codes help customs authorities determine tax rates, inspection procedures, and quality management for each type of goods, ensuring accuracy and transparency in tax collection.

4. Import Process for Fiberglass

Step 1: Prepare Import Documentation

To proceed with importing fiberglass, businesses need to prepare the following documents:

• Import license: If fiberglass requires a license, the business must submit an application for an import license to the Ministry of Industry and Trade. This license confirms the right to import goods according to current regulations.
• Sales contract: Between the importer and supplier, specifying transaction terms such as quantity, price, and delivery conditions.
• Commercial invoice: Including information on goods, value, quantity, and delivery conditions to serve tax declaration.
• Certificate of origin (C/O): Helps confirm the origin of the goods to enjoy tax incentives if applicable.
• Quality certificate: Technical standards in accordance with Vietnamese regulations (ISO, ASTM).
• Food safety certificate (if applicable): For applications related to food.

Step 2: Register Customs Declaration

• Submit customs declaration: Businesses need to fill in information on the electronic customs declaration and submit it through the General Department of Customs’ electronic system. The declaration must clearly state the goods’ information, including HS code, product name, quantity, value, origin, and sender’s information.
• Declare information: Businesses must declare accurately to avoid issues during the clearance process.

Step 3: Goods Inspection

• Actual goods inspection: Customs will conduct checks on the quantity and quality of imported goods at the warehouse or port.
• Sampling: Sampling may be performed for quality testing according to regulations.
• Quality inspection: If fiberglass requires quality certification, businesses need to present relevant documents.

Step 4: Pay Import Tax

• Tax calculation: Businesses need to calculate and pay various taxes related to import, including:
  • Import tax: Determined based on the value of the goods and HS code. This tax rate may change depending on government regulations and free trade agreements that Vietnam participates in.
  • Value-added tax (VAT): Usually 10% on the goods’ value.
• Tax payment time: Businesses need to pay taxes before receiving goods, typically within 5 working days from the customs declaration submission date.

Step 5: Receive Goods and Complete Procedures

• Receive goods: After completing customs procedures and tax payment, businesses will receive goods at the warehouse or port.
• Keep records: Businesses must keep all records related to the import process for future inspections by competent authorities.

5. Quality Inspection and Import License

5.1. Quality Inspection

For fiberglass, quality inspection is crucial to ensure products meet current technical standards and regulations. Quality inspection steps include:

• Random inspections: At the port or warehouse, customs will randomly sample goods for quality checks.
• Product quality assessment: Based on current standards and regulations, the product will be evaluated for compliance.

5.2. Import License

• Import license: If fiberglass is on the list of goods requiring a license, businesses must apply for an import license from the Ministry of Industry and Trade.
• Quality inspection certificate: Provided by competent authorities, certifying that the product meets quality standards before being allowed to circulate in the market.

6. Related Import Costs for Fiberglass

6.1. Transportation Costs

• International shipping costs: From the production location to the import port.
• Domestic transportation costs: From the port to the warehouse.

6.2. Insurance Costs

• Cargo insurance: To protect goods from risks during transportation.

6.3. Customs Declaration Fees

• Logistics service fees: If businesses hire logistics services to carry out customs procedures.

6.4. Taxes and Customs Fees

• Import tax: Calculated based on the value of goods and HS code.
• Value-added tax (VAT): Usually 10%.
• Customs fees: According to government regulations.

7. Conclusion

The import procedure for fiberglass requires businesses to understand the process and related legal requirements. Proper preparation of documentation will help shorten the clearance time and minimize risks. Ipologistics is committed to accompanying businesses at every step of the import process, from document preparation, customs procedures, to product quality inspection.

If you have any questions or need further assistance, please contact us for more detailed advice.