Why should I identify the correct HS code?
In the field of logistics and import and export, The correct identification of HS code is an important step to help businesses declare accurately, Optimize tax and limit legal risks.
Why should I identify the correct HS code?
The wrong declaration of the HS code can make the business:
- The incorrect tax rate - leads to arrears or penalties
- Do not comply with specialized inspection regulations such as quarantine, C/O, Food safety, v.v.
- Suspected commercial fraud → may be inspected or consulted
- Time -consuming, slow, Increase costs incurred
Opposite, Determining the correct HS code will help you:
- Know the import/export tax rate in advance
- Proactively prepare papers, essential licenses
- Optimize logistics costs, Reduce risks and easy to refund taxes later
How to determine the appropriate HS code
- Based on the description of the goods detailed: row name, composition, material, use
- See group/chapter in Vietnam Tax Exchange (10 numbers)
- Look up on the national or international HS system
- Compare with the actual inspection of goods if there is suspicion
- However, Many items can fall into "gray" HS code - Example: Products combine many functions, New products to the market, or prone to the wrong group at that time, bạn cần được chuyên gia tư vấn dựa trên chứng từ kỹ thuật & thực tế sử dụng hàng hóa.
Note
Reference results. To determine 100% accuracy, Please contact our HS consulting team if you encounter situations like:
- Complex equipment
- Form of assembly/conversion of use purpose
- Food, cosmetics, Chemicals with specific chemicals
- HQ records are suspected or have been paid for declarations
FREE HS Code lookup tool
We provide online HS code search tools, help you:
- Quick search for HS code by name
- Look up the description of the goods, tax rate, Chapter/Relevant Regulation
- See management policies applicable to that product code
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