Procedures for importing tape measure

1. Tape measure import policy

Procedures and policies for importing rulers are stipulated in the following legal documents:

• Circular 38/2015/TT-BTC dated March 25, 2015; amended and supplemented by 39/2018/TT-BTC dated April 20, 2018;
• Decree 69/2018/ND-CP dated May 15, 2018;
• Decree No. 15/2018/ND-CP dated February 2, 2018;
• Decision No. 583/QD-TCHQ dated March 22, 2019;

According to the above legal documents, tape measures are not on the list of prohibited import and export goods. The procedures for importing tape measures of all kinds will proceed normally like other goods.

The most important thing when doing the procedure to import tape measure is to determine the HS code. Therefore, determining the correct HS code can determine VAT, import tax, import policy and the procedure to import tape measure.

The next part is a summary of HS codes of tape measures. Please continue to follow the next part.

2. HS code of tape measure

HS code for general goods for tape measure. This is a code table applied worldwide. To determine the HS code, it must be based on the material, structure, size, and function. Below, Just In Time has compiled the HS code for tape measure types according to the table below:

Above is a summary table of HS codes for various types of tape measures. According to the table above, it can be seen that HS codes for tape measures are classified based on the base material used to make the product such as plastic, stainless steel. According to the import and export tax table, the preferential import tax for tape measures is 5% and VAT is 8% or 10%.

The import tax rates for tape measures of all kinds mentioned above are preferential tax rates. In addition to preferential tax rates, there are also special preferential tax rates. Special preferential tax rates depend on whether the exporting country is a country with which Vietnam has signed a trade agreement.

To learn more about special preferential tax for the type of ruler you import. Please contact our hotline or hotmail for advice.

3. Import tax on tape measure

Import tax is an obligation that the importer must fulfill with the state. There are two types of import tax on tape measure: import tax and import VAT. Import tax on tape measure depends on the HS code selected in the above section. How to calculate tax when doing import procedures for tape measures of all kinds is as follows:

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 by 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 tape measure depends on the tax rate according to the HS code. To get the lowest and most accurate tax rate, it is necessary to determine the correct HS code of the tape measure. 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, Korea, Japan, ASEAN countries. Importers should ask the seller to provide them with a certificate of origin (C/O) to enjoy the lowest import tax rate on tape measure.

4. Tape measure import dossier

Documents for import procedures for measuring tapes in particular and import procedures for other goods in general. Regulated in Circular 38/2015/TT-BTC dated March 25, 2015; amended and supplemented by Circular 39/2018/TT-BTC dated April 20, 2018.

• 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 the documents used for customs clearance procedures. The most important are the customs declaration, commercial invoice, bill of lading, and certificate of origin. Other documents will be added if requested by the Customs authority.

If you have not visualized the documents to prepare for the import procedure of tape measure. Please contact our company hotline or hotmail for advice.

5. Procedures for importing tape measures

The procedure for importing tape measures is the same as for many other items. It is very specifically regulated in Circular 38/2015/TT-BTC dated March 25, 2015, amended and supplemented by Circular 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 complete import and export documents: Contract, commercial invoice, packing list, bill of lading, certificate of origin, notice of arrival of goods and determining the HS code of the tape measure. Then you can enter the declaration information into the customs system via software.

Declare customs declaration on customs software. Requires importers to have knowledge of data entry into the software. Do not declare customs declaration on your own when you do not fully understand this work. Declare on your own may cause errors 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 of arrival of the goods at the port, the customs declarant must make a 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 tape measures. If the declaration is incorrect, the business will face penalties for taxes and origin according to customs law.

Step 2. Open the customs declaration
After completing the customs declaration, the customs system will return the declaration classification results. If there is a declaration classification, print the declaration and bring the import documents to the customs office to open the declaration. Depending on the green, yellow, or red classification, perform 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 Department 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 tape measure. 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 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 4. Bring the goods back to preserve and use
the Customs declaration, then proceed to liquidate the declaration and complete the necessary procedures to bring the goods back to the warehouse. To be able to receive the goods conveniently, you need to fully prepare the release order, means of transport and goods accepted to pass through the surveillance area.

Above are the four basic steps to import tape measure. If you do not understand the process, please contact hotline or hotmail for advice.

6. Notes when importing tape measures

When carrying out procedures for importing tape measures, the following points must be noted:

• Import tax is an obligation to fulfill with the state;
• VAT on tape measure is usually 8% or 10%;
• Documents should be prepared before importing goods. Avoid storage and warehousing which will incur costs;
• Certificate of origin is a document that helps importers apply the lowest tax rate. Therefore, when negotiating a purchase, the buyer should ask the seller to provide this document;

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

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

JUST IN TIME JOINT STOCK COMPANY

Address: No. 5, Dong Da, Ward 4, Tan Binh, Ho Chi Minh City.

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