Hard drives are becoming increasingly familiar and popular, playing an important role in storing information for both individuals and businesses. However, importing hard drives to Vietnam is not simply buying goods from abroad; it also requires compliance with a number of separate regulations in the hard drive import procedures. So what are those regulations? How does the hard drive import procedure work?
The following article by HDG Logistics will answer all your questions about the hard drive import procedures in detail, helping you better understand the regulations as well as the process of importing hard drives to Vietnam in the most accurate and complete way.
How are the procedures for importing hard drives to Vietnam regulated?
According to current regulations, the import of 100% new hard drives (unused, not used for data storage) to Vietnam is allowed to be carried out as usual for both individuals and businesses, because this type of goods is not on the list of goods banned from import. However, for used hard drives, businesses are not allowed to import them because this is a commodity on the list of goods prohibited from being imported to Vietnam.
Regulations on importing hard drives may change from time to time, so to ensure accuracy and up-to-dateness, you should refer to more information from official sources such as customs authorities or professional import-export units about hard drive import procedures.
HS code and hard drive import tax rate
HS code of hard drive
8471.70 | – Storage |
8471.70.20 | – – Hard disk drive |
8471.70.90 | – – Other |
Accurate identification of the HS code is very important in the process of completing the hard drive import procedure. Mistakes in identifying HS codes can lead to many unnecessary risks, including:
Delay in customs procedures: Incorrect declaration of HS codes can lead to prolonged customs clearance time because customs authorities need more time to check and verify product information.
Administrative penalties: According to the provisions of Decree 128/2020/ND-CP, incorrectly declaring HS codes can lead to administrative sanctions.
Delay in delivery: In case of detecting errors, customs authorities may request adjustments or clarifications of information, leading to delays in the delivery process and affecting the production and business activities of enterprises.
Import tax penalty: If you incur import tax, you may face a minimum penalty of VND 2,000,000 and a maximum of 3 times the tax payable.
Hard drive import tax rate
According to the previously defined HS code, hard drive items are subject to different taxes. First, the usual import tax is 5%. If the preferential conditions are met, the import tax can be reduced to 0%. In addition, this item is also subject to value-added tax (VAT) at 10%.
Regulations on labels of goods upon import
To comply with current regulations, imported goods, including hard drives, need to be fully labeled with the necessary information. First of all, the name of the goods must be clear, complete and accurate. Information about the organization or individual responsible for the product, including the name and address of the manufacturer or importer, should also be provided in detail. The origin of goods must clearly state the country or territory of production. In addition, for hard drives, specifications such as capacity, rotation speed, and connection interface should be clearly stated.
Labels must be expressed in Vietnamese or accompanied by Vietnamese sub-labels, the information on the labels must be clear, easy to read, not blurry, blurry or easy to peel off. Compliance with labeling regulations not only helps consumers have enough information about the product but also ensures the interests and avoids legal risks for importing businesses.
For more details on regulations on labeling of imported goods, you can refer to Decree 43/2017/ND-CP and related guiding documents.
What documents are required for the procedure of importing hard drives?
The customs dossier for import procedures for importing a computer hard drive includes the following documents:
- Customs declaration
- Sales contract
- Commercial invoice
- Packing list
- Bill of Lading
- Certificate of Origin
- Some other documents (if any)
Hard drive import process
Step 1: Customs declaration
When you have all the import and export documents such as contracts, commercial invoices, packing lists, sea waybills, certificates of origin and arrival notifications, along with the HS code of the hard drive, you can enter the declaration information into the customs system through the customs declaration software.
Step 2: Open a customs declaration
After completing the customs declaration, the system will return the channeling results. With the results of channeling, print out the declaration and bring the import dossier to the customs sub-department to open the declaration. The process of opening the declaration will depend on the green, yellow, or red channel.
Step 3: Customs clearance of goods
When the dossier has been checked and there are no questions, the customs officer will accept the customs clearance of the declaration. At this time, businesses can pay import tax to clear goods.
Step 4: Bring the goods back for storage and use
After the declaration has been cleared, proceed to the liquidation step of the declaration and carry out the necessary procedures to bring the goods to the warehouse.