Procedures for importing fuses

1. Fuse import policy

Fuse is an item of electrical equipment under the management of the Ministry of Science and Technology. The import policy of fuses will be specified in the following legal documents:

• Circular 38/2015/TT-BTC dated 25/3/2015; amended and supplemented 39/2018/TT-BTC dated 20/04/2018;
• Circular 41/2015/TT-BCT dated 24/11/2015;
• Decree 69/2018/ND-CP dated 15/05/2018;
• Decree No. 15/2018/ND-CP dated 02/02/2018;
• Decision No. 583/QD-TCHQ dated 22/03/2019;

According to the above legal documents, fuses are not on the list of goods banned from import. The fuse import procedure will proceed like other normal items. For fuses used for explosion-proof distribution and switchgear, quality inspection must be carried out according to Circular 41/2015/TT-BCT.

The most important thing when carrying out the fuse import procedure is to determine the hs code. Therefore, by determining the hs code correctly, it is possible to determine VAT, import tax, import policies and procedures for importing fuses of all kinds.

The next section is a compilation of hs codes of different types of fuses. Stay tuned for the next installment.

2. HS code of all types of fuses

To determine the HS code, it must be based on the material, structure, size, and performance. For fuses, it is only necessary to determine the operating principle and use to determine the fuse hs code to carry out import procedures. Here, Just In Time has summarized the HS codes of fuses of all types according to the table below:

According to the above HS code table, according to which the import tax of fuses has many different tax rates, the VAT of electric fuses is 8% or 10%. In addition to the above preferential tax rates, there are many other special preferential tax rates. For shipments with certificates of origin, they are allowed to apply special preferential tax rates

If you have not identified the hs code of the electric fuse you are importing. Please contact our hotline or hotmail for advice.

3. Fuse import tax

Import tax is an obligation that the importer must fulfill when importing goods to Vietnam. There are two types of import taxes for fuses: Value Added Tax and Import Tax. To be able to calculate import taxes, please refer to the calculations below. The tax calculation method when carrying out procedures for importing electric fuses of all kinds is as follows:

Import tax determined according to the import tax hs code is calculated according to the formula:
Import tax = CIF value x % tax rate

Import VAT is determined according to the formula:
Value Added Tax = (CIF Value + Import Tax) x % VAT rate.

According to the above formula, it can be seen that the import tax on fuses of all kinds depends on the tax rate according to the HS code. In order to obtain the lowest and most accurate tax rate, it is necessary to correctly determine the HS code of all types of fuses. Besides, it also depends on whether the shipment has a certificate of origin or not, to enjoy a special preferential tax rate.

For goods imported from countries such as Europe, India, Australia, Chile, China, South Korea, Japan, Asean countries. The importer should ask the seller to provide him with a certificate of origin to enjoy the lowest import tax rate on fuses of all kinds.

4. Fuse import dossier set

The set of dossiers for carrying out import procedures for fuses in particular and other items in general. Stipulated in Circular 38/2015/TT-BTC dated 25/3/2015; amended and supplemented 39/2018/TT-BTC dated 20/04/2018.

• Customs declaration;
• Sale contract;
• Packing list;
• Commercial invoice;
• Bill of lading;
• Certificate of origin (if any);
• Catalog (if any), and other documents if required by customs;

Above are all documents used for customs clearance procedures for fuses of all kinds. The most important are customs declarations, commercial invoices, bills of lading, certificates of origin. Other documents will be supplemented if requested by the customs office.

If you do not understand the above documents, please contact our hotline or hotmail for advice.

5. Fuse import process

The process of importing fuses as well as many other items. It is very specifically stipulated in Circular 38/2015/TT-BTC dated 25/3/2015 amending and supplementing 39/2018/TT-BTC dated 20/04/2018. We summarize the steps in a short description so that you can visualize the big picture.

Step 1. Declaration of customs
declaration After having all import and export documents: Contract, commercial invoice, packing list, sea waybill, certificate of origin, notification of arrival and identification of the HS code of the fuse of all kinds. Then the declared information can be entered into the customs system via software.

Within 30 days from the date of arrival of goods at the port, the customs declarant must make a customs declaration. If this time limit is exceeded, the importer must face a fine fee from the customs side.

This is the most important step in the fuse import procedure. Enterprises that make false declarations will face fines on taxes and origins according to the customs law.

Step 2. Opening the customs declaration After
the customs declaration is completed, the customs system will return the results of the declaration channeling. If there is a flow of declarations, print out the declaration and bring the import dossier to the customs sub-department to open the declaration. Depending on the green, yellow and red channels, the steps to carry out procedures for importing fuses of all kinds are carried out.

The opening of the declaration must be carried out as soon as possible, no later than 15 days from the date of declaration of the declaration. The declarant must bring the dossier to the Sub-department of Customs to open the customs declaration. Within more than 15 days, the declaration will be cancelled and you will face a penalty fee from customs.

Note: After having an official declaration, it is necessary to contact the customs sub-department to carry out procedures for importing fuses. It is not recommended to leave the declaration for a long time before bringing it down for import procedures.

Step 3. Customs clearance of goods
: After checking the dossier, if there are no questions, the customs officer will accept the customs clearance of the declaration. You can now pay import duties on the customs declaration to clear the goods.

In some cases, the declaration will be released to bring the goods to the warehouse for pre-storage. After completing the dossier, the customs will proceed to customs clearance of the customs declaration. When the declaration has not yet been cleared, it is necessary to carry out procedures for customs clearance. If you are past the deadline, you will face a penalty fee and it will take a lot of time.

Step 4. Bringing goods for preservation and use
of customs clearance declarations, liquidation of declarations and carrying out necessary procedures to bring goods to warehouses. In order to be able to pick up your goods smoothly, you need to have a full release order, a means of transport and an accepted order for the goods to pass through the monitoring area.

Above are the four steps to do the fuse import procedure. If you do not understand or have questions, please contact the hotline or hotmail for advice.

6. Notes when importing fuses

When importing fuses, you need to pay attention to the following points:

• Import tax is an obligation that must be fulfilled with the state;
• The value-added tax on fuses is 10% or 8%;
• It is recommended to prepare documents before importing goods. Avoid storage and storage that incur costs;
• Imported electric fuses attached to the main product will be applied the hs code according to the main product;
• Fuses used in explosion prevention must be inspected for import quality;

If you have difficulties in customs clearance, you can choose Just In Time as a companion.

Just In Time's staff is always enthusiastic to support you to handle your work quickly and professionally.

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