Procedures for importing sanding pads

1. Sanding Pad Import Policy

The process, procedures and policies on import of sanding pads are 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;
• Decree 69/2018/ND-CP dated 15/05/2018;
• Decree No. 15/2018/ND-CP dated 02/02/2018;

According to the above-mentioned legal documents. Sanding pads and sandpaper are not on the list of goods banned from import and export. The procedure for importing sandpaper of all kinds will proceed normally like other items. For used goods, they are imported in the form of scrap and must have an import permit.

The most important thing when carrying out sandpaper import procedures is to determine the hs code. Sanding pads have many different hs codes. Therefore, by determining the hs code correctly, it is possible to determine VAT, import tax, import policies and procedures for importing sanding pads.

The next part is a synthesis of hs codes of sanding pads and sanding pad. Stay tuned for the next installment.

2. Code hs sanding pad of all kinds

HS codes are commodity codes, each type of commodity has a code or group of codes. In order to determine the sanding pad hs code, it is necessary to determine the material, size and structure of sanding pad and sanding pads. Here, Just In Time has summarized the hs codes of sanding pad and sanding pads of all kinds according to the table below:

Above is a summary table of sandpaper hs codes of all kinds. According to the table above, it can be seen that sandpaper hs codes are classified based on the substrate material to make the product. According to the import and export tariff schedule, the preferential import tax on sandpaper is 15% and the VAT is 8% or 10%.

The tax rate for sanding pads of the above types is the preferential tax rate. In addition to preferential tax rates, there are also special preferential tax rates. The special preferential tax rate depends on whether the exporting country is a country with which Vietnam has signed a trade agreement.

To know more about the special preferential tax on sandpaper, sanding pads that you import. Please contact our hotline or hotmail for advice.

3. Import tax on sanding pads of all kinds

Import tax is an obligation that the importer must fulfill with the state. There are two types of import taxes, namely import tax and import VAT. The import tax of sandpaper depends on the hs code selected in the upper section. The tax calculation method when carrying out procedures for importing sandpaper 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 sandpaper depends on the tax rate according to the HS code. In order to get the lowest and most accurate tax rate, it is necessary to correctly determine the hs code of sanding pads. 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 sanding pads of all kinds.

4. Dossier of import of sanding pad of all kinds

The dossier for carrying out procedures for import of sanding pads of all kinds includes the following documents:

• Customs declaration;
• Sale contract;
• Commercial invoice;
• Packing list;
• 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 sandpaper. 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 have an idea of the preparation dossier for sandpaper import procedures. Please contact our company's hotline or hotline for advice.

5. Procedures for importing sand paper

The process of carrying out procedures for importing sandpaper of all kinds includes the following steps:

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 of goods and identification of the sanding pad hs code. Then the declared information can be entered into the customs system via software.

The declaration of customs declarations on customs software. Importers are required to have an understanding of data entry into the software. Customs declarations should not be filed on your own when you are not familiar with the job. The self-declaration may be wrong in points that cannot be corrected on the customs declaration. At that time, it will take a lot of money and time to fix.

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 process of importing sandpaper. 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 open the declaration are taken.

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 sanding pad. 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.

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 sanding pad. It is not recommended to leave the declaration for a long time before bringing it down for import procedures.

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. Above is the process of carrying out procedures for importing sandpaper and sanding pads. If you do not understand the process, please contact the hotline or hotmail for advice.

6. Notes when carrying out procedures for importing sanding pads

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

• Import tax is an obligation that must be fulfilled with the state.
• The VAT on sandpaper is usually 8% or 10%.
• It is recommended to prepare documents before importing goods. Avoid storage and storage that incur costs;

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.

JUST IN TIME JOINT STOCK COMPANY

Address: No. 5, Dong Da, Tan Son Hoa Ward, Ho Chi Minh City.

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