Procedures for importing glass wool

1. Glass wool import policy

Procedures and policies for import of glass wool are specified in the following legal documents:

• Decree No. 187/2013/ND-CP dated 20/11/2013;
• Decree No. 77/2016/ND-CP dated 01//07/2016;
• Circular 38/2015/TT-BTC dated 25/3/2015; amended and supplemented 39/2018/TT-BTC dated 20/04/2018;
• Decree No. 69/2018/ND-CP dated 15/05/2018;
• Official Letter 6313/TB-TCHQ dated 25/09/2020;
• Decree 15/2022/ND-CP dated 28/01/2022;

According to the above legal documents, it can be seen that glass wool products are not on the list of goods banned from import. Procedures for importing glass wool products will proceed like other normal items. For used glass wool products, they are on the list of prohibited imports.

When carrying out procedures for importing glass wool, the most important thing is to check the HS code. When the glass wool HS code is determined, the import tax, import VAT, and import procedures for this item will be determined.

For legal documents, they are updated regularly, and the following legal documents will supplement and replace the previous legal documents. Therefore, when you import glass wool, please contact Door to Door Viet for the latest policy updates for you.

2. Glass wool HS code

Determining the glass wool HS code is the first job when carrying out import procedures. Identifying the HS code will allow you to determine the import duties, policies, and procedures for importing glass wool. Just In Time has compiled the glass wool hs code as following table:

3. Import tax on glass wool

Import tax is a state obligation that importers must fulfill when carrying out procedures for importing glass wool. There are two types of import duties for glass wool, which are import duties and import VAT. The method of calculating import tax and import value-added tax is as follows:

Import tax determined by HS code Import tax is calculated according to the formula:
Import tax = CIF value x % of tax rate

Import VAT is determined according to the formula:
Value-added tax = (CIF value + Import tax) x% of the VAT rate

According to the formula, it can be seen that the import tax and VAT on the import of glass wool depend on the % tax rate. The tax rate depends on the glass wool HS code, so choosing the HS code is extremely important. The above import tax rates are preferential import and export duties. To enjoy the special preferential import tax rate, the shipment must have a certificate of origin (C/O).

If you don't understand how to calculate import duties and VAT on glass wool items. Please contact our hotline or hotmail for advice.

4. Dossier of procedures for import of glass wool

For this type, the procedures for importing glass wool according to the provisions of Circular 38/2015/TT-BTC will be carried out like other normal items. The dossier of manual import of glass wool includes:

• Customs declaration;
• Sale contract;
• Commercial invoices;
• Packing list;
• Bill of lading;
• Certificate of origin -CO (Certificate of origin) if any;
• Catalogue (if any) and other documents if required by customs;

Above are all documents used to carry out procedures for importing glass wool products. The most important are customs declarations, certificates of origin (if any), commercial invoices, bills of lading. For the remaining documents, they will be supplemented when customs request.

The certificate of origin is the document that needs to be given the most priority. Because the difference between the import tax on glass wool with C/O and without C/O is huge. Therefore, when negotiating the price, the importer should ask the seller to provide C/O.

5. Procedures for importing glass wool

After identifying the glass wool HS code and having a complete set of import documents as above. Then you can proceed with the following steps to import glass wool:

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 glass wool HS code. Then you can enter the declaration information to the customs system via software.

The declaration of customs declarations on customs software. It requires the importer to have an understanding of input into the software. You should not file a customs declaration on your own without a clear understanding of the job. Arbitrary declaration can be easily attached to uncorrectable points on the customs declaration. At that time, it will take a lot of money and time to fix.

Within 30 days from the date the goods arrive 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.

This is the most important step in the process of importing glass wool. All declared contents will be pushed to the customs system. If there is an error affecting the tax or origin of the goods. Then importers can face fines under customs laws. Therefore, it is necessary to pay attention to the information entered on the declaration such as HS code, tax rate, name of goods, origin.

Step 2. Opening customs declarations

After the customs declaration is completed, the customs system will return the results of the declaration channeling. If there is a declaration flow, 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, take steps to open the declaration.

The opening of the declaration must be carried out as soon as possible, within 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 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 glass wool. It is not recommended to leave the declaration for a long time before bringing it down for import procedures.

Step 3. Customs clearance of customs declarations

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

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

Step 4. Bringing goods to the warehouse for preservation and use

For customs clearance declarations, the declaration will be liquidated and necessary procedures will be carried out to bring the goods to the warehouse. To be able to bring goods to the warehouse, you need to prepare a delivery order in advance, a pick-up slip at the port and arrange a pick-up vehicle. Avoid the situation that the declaration has been completed but there is an order from the shipping line to take the goods out of the port.

Above is the process of steps to carry out procedures for importing glass wool. If you do not understand the steps of the process, please contact us via hotline or hotmail for advice.

6. Notes when importing glass wool

When carrying out procedures for importing glass wool, it is necessary to pay attention to the following points:

• Goods shall be granted customs clearance only when tax obligations to the state have been fulfilled;
• Certificate of Origin (C/O) of preferential forms such as: form E, form D, form AK... very important. Decide on the amount of import tax, so it is necessary to give priority when negotiating with suppliers;
• Import VAT is different, it is recommended to determine the correct HS code to apply the best tax rate;
• Import customs procedures must be carried out within 30 days, avoiding overstaying will be fined;

If you have difficulties when clearing customs, 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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