Procedures for importing blood oxygen concentration meter

Procedures for importing blood oxygen concentration meter

Procedures for importing blood oxygen concentration meter

Posted on: 06/01/2025

Blood oxygen concentration meters have become popular since the outbreak of the Corona virus (Covid). Here, Just In Time would like to share the procedures for importing SPO2 blood oxygen concentration meters, HS codes, import tax, VAT, import policies and declaration of medical equipment for SPO2 blood oxygen concentration meters.

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1. Import policy of blood oxygen concentration meter

Blood oxygen concentration meter is classified as medical equipment. Procedures for importing blood oxygen concentration meter SPO2. Regulated in the following legal documents:

According to the above documents, the new SPO2 blood oxygen concentration meter is not on the list of prohibited import and export goods. However, when carrying out procedures for importing SPO2 oxygen concentration meters, a medical equipment classification declaration must be made.

In addition, when importing medical equipment, the enterprise must be a registered medical equipment business enterprise. Not all businesses can import blood oxygen concentration meters.

In addition to the above legal documents, there are many other related documents. We do not list them here. You can contact our hotline or hotmail for further advice.

2. HS code for blood oxygen meter

Determining the HS code is the most important step when carrying out procedures for importing blood oxygen meter. Determining the HS code will determine import tax, VAT and import policy. To determine the correct HS code, you need to understand the characteristics of the goods: Material, composition and characteristics of the product.

2.1. HS code for blood oxygen meter

The HS code (Harmonized System) is a series of codes used for all goods worldwide. Between different countries in the world, only the tail number is different. Therefore, the first 6 digits of the HS code worldwide for an item are the same. Here, Just In Time would like to share with you the HS code table for blood oxygen meters.

HS Code Description
90189090 HS code for blood oxygen concentration meter SPO2

According to the table above, the HS code for the blood oxygen concentration meter SPO2 is: 90189090. According to this HS code, the preferential import tax rate is 0% and the VAT rate is 5%. Blood oxygen concentration meter belongs to the group of goods enjoying VAT of 5% (according to Circular 26/2015/TT-BTC dated February 27, 2015).

Because the HS code of the oxygen concentration meter is not an identification code. Therefore, there may be many HS codes with similar capabilities. So to determine the exact HS code for the blood oxygen concentration meter. Please contact our hotline or hotmail for advice.

2.2. Risks of applying the wrong HS code

Determining the correct HS code is very important when carrying out procedures for importing blood oxygen meters. Determining the wrong HS code will bring certain risks to you such as:

  • Delay in customs procedures: Declaring the wrong HS code can lead to delays in customs procedures, due to the time needed to check and verify accurate information about the type of goods.
  • Penalty for declaring the wrong HS code according to Decree 128/2020/ND-CP;
  • Delayed delivery: If the goods are found to have declared the wrong HS code, the customs authority may request correction or clarification of information. This can lead to delays in the delivery process and affect the production and business cycle of the enterprise.
  • In case of import tax, the penalty will be at least 2,000,000 VND and the highest is a fine of 3 times the tax amount.

To determine the exact HS code for a specific type of blood oxygen meter. Please contact the hotline or hotmail for advice.

3. Import tax on blood oxygen meter

The import tax of goods depends on the HS code of that item. Each HS code has a specific tax rate. Here, Just In Time would like to introduce how to calculate import tax and notes when determining tax for blood oxygen meters.

3.1. How to calculate import tax on blood oxygen meter

Import tax for blood oxygen meter is calculated according to the same formula as other items. Import tax for this item has two types: import tax and import VAT.

Import tax determined by HS code, import tax 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.

CIF value is determined by the ex-factory value of the goods plus all costs to bring the goods to the first port of entry of the importing country. Import tax is a cost included in the cost of goods sold of the order. Therefore, you must check the correct HS code to get the best import tax code.

3.2. Notes when determining import tax on blood oxygen meters

When determining import tax on blood oxygen meters, the following points should be noted:

  • For countries that have signed trade agreements with Vietnam such as: Europe, India, Australia, Chile, China, Korea, Japan, ASEAN countries. It is necessary to note that the special preferential tax rate is usually 0%.
  • To enjoy the preferential tax rate, a certificate of origin is required;
  • VAT for blood oxygen meters is 5%;
  • The taxable value is the CIF value. For orders purchased under other conditions. When calculating import tax, the value must be converted to the CIF value to calculate import tax.
  • Import tax will also be subject to VAT.

These are the notes when calculating import tax on blood oxygen meters. If you do not understand how to calculate tax and the above notes. Please contact the hotline or hotmail for advice.

4. Documents for importing blood oxygen concentration meter

The documents for importing blood oxygen concentration meter include the following documents:

  • Customs declaration
  • Sales contract
  • Commercial invoice
  • Packing list
  • Bill of lading
  • Catalog (if any), and other documents if required by customs.
  • Results of medical equipment classification announcement

The above are all the documents used for customs clearance procedures for blood oxygen concentration meter. The most important are the customs declaration, medical equipment classification results, commercial invoice, bill of lading. Other documents will be added if requested by the Customs authority.

Among the above documents, there are documents such as medical equipment classification announcement. These are documents that can be prepared before importing the goods. Therefore, you should prepare this document in advance. Avoid the situation where the goods arrive at the port and then go to work, then there will be storage costs.

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5. Process of importing blood oxygen concentration meter

The process of importing blood oxygen concentration meter SPO2 includes the following steps:

Step 1: Make a declaration of medical device classification
Details of making a declaration of medical device classification for blood oxygen concentration meter. We have described below.

Step 2. Declare customs declaration
After having complete import and export documents: Contract, commercial invoice, packing list, bill of lading, certificate of origin, medical device classification results, notification of arrival of goods and determining the HS code of the blood oxygen concentration meter. Then you can enter the declaration information into the customs system via the software.

Declaring customs declaration on customs software. Requires the importer to have knowledge of entering data into the software. Do not declare customs on your own when you do not understand this work. Declare on your own and you may make mistakes that cannot be corrected on the customs declaration. At that time, it will cost a lot of money and time to fix.

Within 30 days from the date the goods arrive at the port, the customs declarant must declare the customs declaration. If this deadline is exceeded, the importer will face a penalty fee from the customs.

This is the most important step in the process of importing blood oxygen concentration meters. All declaration contents will be pushed to the customs system. If there are errors affecting the tax or origin of the goods. The importer may face penalties according to customs law. Therefore, it is necessary to pay attention to the information entered on the declaration such as HS code, tax rate, product name, origin

Step 3. Open the customs declaration
After completing the customs declaration, the customs system will return the declaration classification results. If there is a declaration flow, print out the declaration and bring the import documents to the customs office to open the declaration. Depending on the green, yellow, or red flow, follow the steps to open the declaration.

The declaration must be opened as soon as possible, no later than 15 days from the date of declaration. The declarant must bring the documents to the customs office to open the customs declaration. After 15 days, the declaration will be canceled and you will face a penalty fee from the customs.

Note: After having the official declaration, you need to contact the customs office to carry out the procedures for importing the blood oxygen concentration meter. You should not leave the declaration for a long time before bringing it down to carry out the import procedures.

Step 4. Clearing the goods

After checking the documents, if there are no questions, the customs officer will accept the declaration. You can now pay the import tax on the customs declaration to clear the goods.

In some cases, the declaration will be released to bring the goods to the warehouse for storage first. After completing the documents, the customs will proceed to clear the customs declaration. When the declaration has not been cleared, it is necessary to carry out the procedures to clear the declaration. If it is overdue, you will face a penalty fee and it will take a lot of time.

Step 5. Bring the goods back for storage and use
After the customs declaration, proceed with the declaration liquidation step and complete the necessary procedures to bring the goods back to the warehouse.

Above is the procedure for importing a blood oxygen concentration meter, including five steps. If you do not understand the steps, please contact us via hotline or hotmail for advice.

6. Blood oxygen concentration meter declaration procedure

Documents and procedures for declaring the classification of medical devices in general. Classification of blood oxygen concentration meters in particular. Specifically regulated in Decree 98/2021/ND-CP and Circular 39/2016/TT-BYT.

Currently, the declaration of medical device classification is conducted on the electronic system of the Ministry of Health: https://dmec.moh.gov.vn.

Documents and procedures for declaring medical device classification, depending on the group of medical devices that need to be declared: Type A, B, C, D. Regarding the registration dossier for declaring medical device classification, please contact our hotline or hotmail for advice.

For SPO2 blood oxygen concentration meter, it is classified as type B. The registration procedure for classification includes the following 2 steps:

Step 1: Submit the dossier via the electronic information portal
Before putting medical devices of type A, B into circulation on the market, the establishment declaring the applicable standards is responsible for submitting the declaration dossier to the Department of Health where the business headquarters is located.

Step 2: Receive feedback and complete the application
Upon receiving the application (including documents confirming payment of fees as prescribed by the Ministry of Finance), the Department of Health in the locality where the medical equipment business is located shall post the Announcement of applicable standards for medical equipment of type A and B publicly on the Electronic Information Portal on Medical Equipment Management and the Announcement of Applicable Standards

7. Notes when importing oxygen concentration meters

When carrying out procedures for importing oxygen concentration meters, the following should be noted:

  • Import tax on blood oxygen concentration meters is an obligation to be fulfilled by the state.
  • VAT on blood oxygen concentration meters is 5%.
  • It is recommended to carry out procedures for declaring the classification of medical equipment before importing. Avoid the situation where the goods arrive and then have to be processed, which will lead to storage in warehouses.

If you have difficulty with customs procedures, you can choose Just In Time as your companion.

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

 

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