In the truck business and repair sector, tire changers are indispensable equipment, streamlining tire replacement and maintenance efficiently. However, when importing this essential equipment, accurately identifying the HS code for truck tire changers is the crucial first step. It ensures smooth customs clearance and optimizes import tax costs.
This article, compiled by experts at Xe Tải Mỹ Đình, provides a comprehensive overview of HS codes for truck tire changers. It aims to equip readers with the necessary information for accurate and efficient equipment import.
What is the HS Code for Truck Tire Changers?
The Harmonized System (HS) code is an international standardized system of names and numbers to classify traded products. Customs authorities worldwide use HS codes to identify goods, applying appropriate tax policies and import-export management.
For truck tire changers, based on available information and HS code references, the HS code can be categorized under Chapter 90: Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof. Specifically, code 90311010 can be considered, with a general description of “Electrically operated” within the group 9031 – Measuring or checking instruments, appliances and machines, not specified or included elsewhere in this Chapter; profile projectors.
However, to precisely determine the HS code for truck tire changers, careful consideration of the following factors is necessary:
- Operating Principle: Truck tire changers can operate electrically, pneumatically, or a combination of both. The HS code may vary depending on the primary operating principle.
- Functions and Applications: Specialized truck tire changers may have additional functions beyond tire changing, such as wheel balancing, tire inflation, etc. These extra functions can influence HS code classification.
- Technical Specifications: Power capacity, maximum truck tire size handling capability, etc., can also be factors in determining a more detailed HS code.
.jpg) Illustrative image of electrical measuring and testing equipment, relevant to truck tire changer HS code classification.
Why is Accurate HS Code Determination Important?
Accurately determining the HS code for truck tire changers offers several significant benefits for importing businesses:
- Accurate Import Tax Calculation: The HS code is the basis for determining applicable import taxes, including Value Added Tax (VAT), preferential import duties, ordinary import duties, and other special taxes (if any). Incorrect HS code identification can lead to inaccurate tax payments, causing financial losses or legal issues.
- Smooth Customs Procedures: Declaring the correct HS code ensures a faster and smoother customs inspection and clearance process, avoiding delays due to adjustments or clarifications of declared information.
- Benefit from Tariff Preferences (if applicable): Vietnam has numerous Free Trade Agreements (FTAs) with countries and regions worldwide. Correct HS code identification enables businesses to benefit from special tariff preferences under these FTAs, minimizing import costs.
Applicable Taxes and Tariff Rate Trends
Based on information from reference sources, HS code 90311010 (reference) indicates the following taxes potentially applicable when importing electrically operated measuring and checking machinery and equipment into Vietnam:
- Value Added Tax (VAT): Currently 10%.
- Ordinary Import Duty: 5%.
- Preferential Import Duty: Could be 0% or a specific percentage, depending on the country of origin and trade agreements.
Tariff Rate Trends: Tariff rates are subject to change over time and government policies. Businesses need to regularly update tariff information to ensure legal compliance and cost optimization.
Detailed Tariff Rate Table (Reference HS code 90311010):
| Tax Type | Tariff Rate |
|---|---|
| Value Added Tax (VAT) | 10% |
| Ordinary Import Duty | 5% |
| Preferential Import Duty | 0% |
| Form E (ACFTA – ASEAN – China) | 0% |
| Form D (ATIGA – ASEAN) | 0% |
| Form AJ (AJCEP – ASEAN – Japan) | 0% |
| Form VJ (VJEPA – Vietnam – Japan) | 0% |
| Form AK (AKFTA – ASEAN – Korea) | 0% |
| Form AANZ (AANZFTA – ASEAN – Australia – New Zealand) | 0% |
| Form AI (AIFTA – ASEAN – India) | 0% |
| Form VK (VKFTA – Vietnam – Korea) | 0% |
| Form VC (VCFTA – Vietnam – Chile) | 0% |
| Form EAV (VN-EAEU FTA – Vietnam – Eurasian Economic Union) | 0% |
| Form CPTPP (CPTPP – Mexico, Australia, Canada, Japan, New Zealand, Singapore, Vietnam) | 0% |
| Form AHK (AHKFTA – ASEAN – Hong Kong, China) | 0% |
| Form EUR1 (EVFTA – Vietnam – EU) | 0% |
Note: The tariff rates above are for reference only and subject to change based on current regulations. Businesses should verify the latest tariff information at the time of import.
Truck Tire Changer Import Procedures (Reference)
Truck tire changer import procedures typically involve these main steps:
- Prepare Import Dossier: Invoice, Packing List, Customs Declaration Form, Sales Contract, Bill of Lading, Certificate of Origin (preferential tax form if applicable), Product Catalog, and other documents as required by customs authorities.
- Electronic Customs Declaration: Use customs declaration software to declare goods information, HS code, tariff rates, etc.
- Submit Dossier and Await Inspection: Submit the customs dossier and wait for customs authorities to inspect the dossier and goods (depending on the declaration channel).
- Pay Import Duties: Fulfill tax obligations by paying applicable taxes after receiving the tax notification from customs authorities.
- Customs Clearance: After completing procedures and tax obligations, goods will be cleared, and the business can receive the goods.
Conclusion
Accurately identifying the HS code for truck tire changers is a crucial factor for successful and efficient equipment import. This article has provided fundamental and necessary information for businesses to reference and apply.
To ensure a smooth import process and legal compliance, Xe Tải Mỹ Đình recommends businesses to:
- Thoroughly Research HS Codes: Consult official sources from the General Department of Vietnam Customs, the Ministry of Finance, and relevant legal documents.
- Consult with Customs Experts: Seek detailed advice and support regarding import procedures, HS codes, and related issues.
- Regularly Update New Regulations: Policies and regulations regarding HS codes and import duties are subject to change; businesses should proactively update to avoid risks and ensure business benefits.
We hope this article provides value to our readers. If you have any questions related to the HS code for truck tire changers or other truck-related matters, please do not hesitate to contact Xe Tải Mỹ Đình for dedicated support.
