1. Nitrogen generator import policy
The procedures and policies for importing nitrogen generators are stipulated in the following legal documents:
According to the above legal documents, nitrogen generators are not on the list of prohibited imports. When carrying out procedures for importing nitrogen generators, the following points should be noted:
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Used goods must not be more than 10 years old;
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When importing nitrogen generators, the goods must be labeled according to 43/2017/ND-CP;
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Determine the correct HS code to determine the correct tax and avoid fines;
The above is the entire legal document regulating the procedures for importing nitrogen generators. If you do not understand the above regulations, please contact the hotline or hotmail for advice.
2. Determine the HS code of the nitrogen generator
Determining the HS code is the most important step when carrying out procedures for importing any type of goods. Determining the HS code will determine import tax, VAT and import policy. To determine the correct HS code for nitrogen generators, you need to understand the characteristics of the goods: Capacity, material, and operating principle of the product.
2.1 HS code for nitrogen generators
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 numbers of the HS code worldwide for an item are the same. Below, Just In Time would like to share with you the HS code table for nitrogen generators.
|
HS Code |
Description |
|
84051000 |
HS code for nitrogen generator |
According to the import and export tax schedule, the HS code of nitrogen generator is 84051000. The import tax of nitrogen generator is 0% and the VAT is 8%.
2.2 Risks of applying the wrong HS code
Determining the correct HS code is very important when carrying out procedures for importing nitrogen generators. 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, because it takes time to check and verify the correct 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 an incorrect HS code, the customs authority may request correction or clarification of the 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 penalty of 3 times the tax amount.
To determine the exact HS code for a specific type of nitrogen generator. Please contact the hotline or hotmail for advice.
3. Import tax on nitrogen generator
Import tax is an obligation that the importer must fulfill when carrying out procedures to import nitrogen generators. Tax obligations are mandatory and goods are only cleared when tax obligations have been fulfilled.
There are two types of import tax: VAT and import tax. Import tax depends on the HS code of the selected goods. How to calculate import tax of nitrogen generators is as follows:
Import tax determined by the import tax 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 of nitrogen generators depends on the applied tax rate. The tax rate depends on whether the order has a certificate of origin or not. If there is a certificate of origin (℅), a special preferential tax rate can be applied.
4. Labeling imported nitrogen generators
Labeling imported goods is not a new regulation. However, since Decree 128/2020/ND-CP was issued, the labeling of imported goods has been more closely monitored. Labeling goods is intended to help administrative agencies manage goods, identify the origin and the unit responsible for the goods. Therefore, labeling goods is one of the indispensable steps when carrying out procedures for importing nitrogen generators.
4.1 Label content
In addition to labeling, the label content is also very important. The label content of goods is regulated in Decree No. 43/2017/ND-CP. For nitrogen generators, the content of a complete label includes the following information:
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Information of the exporter (address, company name);
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Information of the importer (address, company name);
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Name of goods and information of goods;
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Capacity, year of manufacture;
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Origin of goods;
These are the basic label contents that need to be affixed to goods. The information shown must be in English or other languages that must be translated. When carrying out procedures for importing nitrogen generators, if they encounter a red line, customs inspection will pay close attention to the content of the label above.
4.2 Labeling position on goods
Labeling on goods is necessary, however, labeling in the right position is more important. When importing, the label needs to be affixed to the surfaces of the package such as: On cartons, on wooden crates, on product packaging. Or anywhere that is convenient to check and easy to see. Labeling in the right position will help save time for inspection when carrying out procedures for importing nitrogen generators of all kinds.
For retail goods on the market, it is necessary to show more information. Such as the manufacturer, quantity of goods, technical specifications, date of manufacture, safety warnings.
4.3 Risks encountered when not labeling
Labeling on goods is caught according to the provisions of law. If the goods are not labeled when imported or the label content is incorrect. The importer will face the following risks:
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Be fined according to regulations, the penalty level is specified in Article 22 of Decree 128/2020/ND-CP;
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Not entitled to special preferential import tax because the certificate of origin will be rejected;
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Goods are easily lost or damaged due to the lack of warning labels for loading, unloading and transportation;
With the above risks, we recommend that you label the goods when doing the procedures for importing nitrogen generators. If you do not fully understand the regulations on product labels. Please contact the hotline or hotmail for advice.
5. Nitrogen generator import dossier
Documents for nitrogen generator import procedures in particular, and other goods import procedures in general. Stipulated in Circular 38/2015/TT-BTC dated March 25, 2015; amended and supplemented by 39/2018/TT-BTC dated April 20, 2018.
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Customs declaration;
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Sale contract;
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Commercial invoice;
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Packing list;
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Bill of lading;
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Certificate of origin (if any);
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Catalog (if any), and other documents if required by customs;
The above are all the documents used for nitrogen generator import procedures. The most important are the customs declaration, commercial invoice, and bill of lading. Other documents will be supplemented if requested by the Customs authority.
Preparing documents before importing nitrogen generators is extremely important. For original documents such as: Bill of lading, certificate of origin, the importer must request the seller to send them by express delivery in advance. Avoid waiting for documents, which can lead to container storage and storage of goods.
If you do not fully understand the documents listed above, you can contact our hotline or hotmail for advice.
6. Procedures for importing nitrogen generators
The procedures for importing nitrogen generators are the same as many other items. They are very specifically regulated in Circular 38/2015/TT-BTC dated March 25, 2015, amended and supplemented by 39/2018/TT-BTC dated April 20, 2018. We summarize the steps briefly so that you can visualize the whole picture.
Step 1. Declare customs declaration
After having all the import and export documents: Contract, commercial invoice, packing list, bill of lading, certificate of origin, notice of arrival and determining the HS code of the nitrogen generator. Then you can enter the declaration information into the customs system via the software.
Declare customs declaration on customs software. Requires the importer to have knowledge about entering data into the software. Do not arbitrarily declare customs declaration when you do not fully understand this work. Arbitrary declaration can easily cause points 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 nitrogen generators. Enterprises that make false declarations will face penalties for taxes and origins according to customs law.
Step 2. Open a customs declaration
After completing the customs declaration, the customs system will return the declaration flow results. If there is a declaration flow, print 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 nitrogen generators. You should not leave the declaration for a long time before bringing it down to carry out the import procedures.
Step 3. Clearing goods
After checking the documents, if there are no questions, the customs officer will accept the declaration. You can now pay import tax for the customs declaration to clear the goods.
Step 4. Bring the goods back for storage and use
For the customs declaration, proceed to the declaration liquidation step and complete the necessary procedures to bring the goods back to the warehouse.
The above is the procedure for importing nitrogen generators. If you do not understand the steps, please contact us via hotline or hotmail for advice.
7. Notes when importing nitrogen generators
When carrying out procedures for importing nitrogen generators, you need to note the following:
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Import tax is an obligation to be fulfilled with the state;
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VAT of nitrogen generators is 8%;
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When importing nitrogen generators, you must label the goods according to 43/2017/ND-CP;
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Identify the correct HS code to determine the correct tax and avoid fines; Used nitrogen generators must not be older than 10 years to be allowed to be imported;
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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