IMPORT PROCEDURES FOR MID-AUTUMN LANTERNS

IMPORT PROCEDURES FOR MID-AUTUMN LANTERNS

Overview of Mid-Autumn Lanterns

IMPORT PROCEDURES FOR MID-AUTUMN LANTERNS – Mid-Autumn lanterns are essential products during the Mid-Autumn Festival, showcasing the richness and diversity of folk culture. Made from various materials such as paper, plastic, and metal, lanterns not only serve decorative purposes but also hold deep cultural significance, especially for children. However, importing Mid-Autumn lanterns requires compliance with numerous legal regulations and complex customs procedures.

1. HS Code for Mid-Autumn Lanterns

To carry out the import of Mid-Autumn lanterns, accurately determining the HS code is crucial. The HS code (Harmonized System) helps define the applicable tax rates and specific regulations for this product. Below are some common HS codes for Mid-Autumn lanterns:

• 9505.10.10: Mid-Autumn lanterns made from paper or plastic. This code usually applies to traditional decorative lanterns.
• 9405.50.00: Lanterns made from other materials, such as electronic lanterns or illuminated lanterns.

Note that HS codes may change depending on the structure and features of the product. Therefore, businesses need to ensure they check and confirm the HS code with the customs authority before proceeding with the import procedures.

2. Legal Basis for Importing Mid-Autumn Lanterns

2.1. Legal Documents

The legal regulations governing the import of goods, including Mid-Autumn lanterns, generally include the following documents:

• Commercial Law No. 36/2005/QH11: Governs commercial activities, including the import and export of goods.
• Customs Law No. 54/2014/QH13: Outlines customs procedures, declaration obligations, and goods inspections.
• Decree No. 69/2018/ND-CP: Provides detailed regulations on the management of the import and export of goods, including prohibited and restricted goods.
• Decision No. 3810/QD-BKHCN: Regulates quality standards for imported goods, especially those affecting human health.

2.2. Specific Import Regulations

1. Import License:
   • Most types of lanterns do not require an import license, except for products with special features (e.g., electronic lanterns).
   • If the product originates from certain countries, a Certificate of Origin (C/O) may be required to benefit from preferential import tariffs under trade agreements that Vietnam has signed.
2. Product Quality Inspection:
   • All Mid-Autumn lanterns must comply with technical safety standards for consumer products. Quality inspections must be conducted per the Ministry of Science and Technology regulations.
   • Products must be tested and certified to ensure they do not contain harmful chemicals and are safe for children, conforming to safety and health standards.

3. Import Procedures for Mid-Autumn Lanterns

To implement the import procedures for Mid-Autumn lanterns, businesses must follow these steps:

Step 1: Plan for Import

• Market Research: Understand market demand, identify the types of lanterns needed for import, and seek reputable suppliers.
• Financial Planning: Determine import costs, including product prices, import taxes, shipping fees, and other related costs.

Step 2: Sign a Contract with the Supplier

• Sales Contract: Draft a detailed contract with the supplier, specifying product information, pricing, delivery time, and payment conditions.
• Confidentiality Clause: Ensure that sensitive information is protected under the agreement.

Step 3: Prepare Import Documentation

• Documents to prepare include:
  • Sales Contract: A commercial agreement between the buyer and seller.
  • Commercial Invoice: Provides detailed information about the product, price, and quantity.
  • Bill of Lading: Document proving ownership of goods during transportation.
  • Packing List: Detailed information about packaging and quantities of goods.
  • Certificate of Origin (C/O): If applicable.
  • Import License: If required.
  • Customs Declaration: Completed with all necessary product information for submission to customs.

Step 4: Customs Declaration

• Declare electronically: Businesses will perform electronic customs declaration through the VNACCS/VCIS system or submit documentation at the Customs Department managing the imported goods area.
• Submit documents and fees: After completing the documentation, businesses must pay related customs fees.

Step 5: Goods Inspection and Clearance

• Physical Inspection: Customs authorities will check the documents and may require a physical inspection of the goods. Inspections depend on the type of goods and the associated risk level.
• Clearance: If all documentation is valid and the goods pass inspection, customs authorities will permit the clearance of the shipment.

Step 6: Payment of Taxes and Import Costs

• Import Tax: Businesses will pay import taxes as required.
• Value Added Tax (VAT): 10% of the total value of goods (CIF).
• Other Costs: Includes warehousing fees, domestic transportation, and customs service fees.

Step 7: Transportation and Delivery

• Transporting Goods: Businesses may choose to transport the goods themselves or use logistics services to ensure safe and timely delivery.
• Inspection and Handover: Upon arrival, verify the quality and quantity of goods to ensure compliance with the contract.

4. Important Notes for Importing Mid-Autumn Lanterns

• Check Import Regulations: Businesses should frequently update themselves on the regulations and policies related to imported goods to avoid legal risks.
• Monitor Delivery Times: Ensure that the shipment arrives on time to meet market demand during the Mid-Autumn Festival.
• Ensure Product Quality: Regular quality checks should be conducted to ensure imported products meet safety and health requirements.

Conclusion

The import procedures for Mid-Autumn lanterns are complex, requiring an understanding of legal regulations and customs procedures. Ipo Logistics is committed to assisting clients at every step of the import process, from determining HS codes to preparing documentation and handling customs procedures.

If you need more detailed information or assistance in the process of importing Mid-Autumn lanterns, please contact us at the email or phone number below.