Checking and reviewing the classification of exported copper

VCN - In order to ensure that the classification is consistent with the declared code, the General Department of Vietnam Customs requests the customs departments of provinces and cities to strengthen the inspection and review of the classification of exported copper goods.

Through a screening process of customs professional systems for exported copper products, the General Department of Vietnam Customs discovered 58 declarations where the description of goods did not match the declared HS code but were still granted customs clearance.

Specifically, declared goods as copper scrap sheets were approved for customs clearance under HS code 7410.11.10 (export tax rate of 0%), however, according to the declared name, the goods should be classified under HS code 7404.00.00 (export tax rate of 22%).

illustration image
illustration image

Similarly, declared goods as white copper scrap were approved for customs clearance under HS code 7409.90.00 (export tax rate of 0%). However, according to the declared name, the goods should be classified under HS code 7404.00.00 (export tax rate of 22%).

Additionally, declared goods as thin, coiled, uncoated refined copper sheets (scrap included in the loss rate) were approved for customs clearance under HS code 7410.11.90 or 7409.11.00 (export tax rate of 0%), but according to the declared name, they should be considered for classification under HS code 7404.00.00 (export tax rate of 22%).

Therefore, to ensure that the classification matches the declared code, the General Department of Vietnam Customs requests customs departments of provinces and cities to strengthen the inspection and screening of declarations declaring exported copper goods to promptly detect and prevent the fraudulent declaration of incorrect codes to evade export taxes.

If there is insufficient basis to conclude on the commodity code, samples should be taken for analysis/appraisal to determine the nature of the goods as a basis for determining the code according to regulations.

By Nụ Bùi/Thanh Thuy

Related News

What are the secrets to customs brokers

What are the secrets to customs brokers' success?

VCN - In the context of increasingly growing import and export activities, the management and use of customs broker agents has become an important solution to promote smooth customs procedures. This model is being widely applied in many developed countries. And in Vietnam, the development potential of customs broker agents is still very large.
Solutions for developing customs broker agents in the new context

Solutions for developing customs broker agents in the new context

VCN - Customs broker agents (CBA) are performing well as a bridge between the Customs authority and enterprises, however, many problems still arise during their operations.
Ho Chi Minh City: Tightening management of trading of toxic chemicals

Ho Chi Minh City: Tightening management of trading of toxic chemicals

VCN - Many cyanide poisoning cases have occurred in the recent time. However, toxic chemicals, including cyanide, are still openly sold on the market and on social networks. Ho Chi Minh City authorities have simultaneously inspected many chemical-related businesses in District 5 and discovered many violations.
Food safety rules relaxed for emergency imports

Food safety rules relaxed for emergency imports

VCN - Products and goods provided by foreign governments and international organizations for emergency relief to people recovering from storm No. 3 are exempt from state inspection of food safety and quality.

Latest News

Which authorities have the right to request taxpayer information?

Which authorities have the right to request taxpayer information?

VCN - The General Department of Vietnam Customs has recently issued a response to the Asset Valuation Council for Criminal Proceedings of An Giang Province concerning the provision of information on imported goods prices for asset valuation purposes.
The Government adjust import and export tariff rate on certain goods

The Government adjust import and export tariff rate on certain goods

VCN - On November 1, 2024, the government issued Decree 144/2024/ND-CP, amending and supplementing certain provisions of Decree 26/2023/ND-CP on the export tariff schedule, the preferential import tariff schedule, tariff nomenclature, and the fixed duties, mixed duties, and out-of-quota import duties.
"One law amending four laws" on investment to decentralize and ease business challenges

"One law amending four laws" on investment to decentralize and ease business challenges

VCN - According to the Government, the draft Law amending and supplementing certain provisions of the Planning Law, Investment Law, Law on Investment under Public-Private Partnerships (PPP), and Bidding Law (referred to as "One law amending four laws") focuses on amending conflicting regulations that are causing obstacles, to facilitate investment, production, and business activities.
One law amending seven financial laws: New driving force for economic growth

One law amending seven financial laws: New driving force for economic growth

VCN - Draft 1 of the Law amending 7 laws in the financial sector has been officially submitted and discussed at the 8th session of the 15th National Assembly. According to the Law-making program, the Law will be developed and promulgated following a simplified procedure and will be approved at this session. The simultaneous amendment of many provisions in the laws in the financial sector and their early approval demonstrate the determination and great efforts of the National Assembly, the Government, and the Ministry of Finance in creating a system of open and appropriate policies, promoting investment resources in the economy, thereby promoting economic growth in the new period.

More News

Ensure harmony of interests of “3 parties” when applying 5% VAT on fertilizers

Ensure harmony of interests of “3 parties” when applying 5% VAT on fertilizers

VCN - In the short term, applying 5% VAT on fertilizers may increase selling prices, but in the long term, farmers will benefit from this policy. When the fertilizer manufacture is deducted input tax, it will help reduce investment cost and production cost.
Tax, fee, and land rent exemption, reduction, and deferral policies: a driving force for business recovery and growth

Tax, fee, and land rent exemption, reduction, and deferral policies: a driving force for business recovery and growth

Recently, the implementation of a series of policies on tax, fee, and land rent exemption, reduction, and deferral has provided timely support for businesses to recover and develop, thereby making positive contributions to economic growth.
Revamping commodity management and trade protection

Revamping commodity management and trade protection

VCN - Completing commodity management policies combined with applying trade defense measures plays an important role in protecting the interests of businesses and the Vietnamese economy. Close coordination between management agencies not only helps prevent trade fraud but also creates favorable conditions for exporting businesses, minimizing risks from anti-dumping lawsuits.
Tax support policy is a "lift" for business bounceback

Tax support policy is a "lift" for business bounceback

VCN- Sharing with Customs Magazine, economic expert, Associate Professor, Dr. Dinh Trong Thinh highly appreciated the effectiveness of tax and fee reduction measures implemented by the Government and the Ministry of Finance. These policies not only enable businesses to reduce input costs and increase profits, but also promote consumption and production of businesses.
VAT policy for on-the-spot imports

VAT policy for on-the-spot imports

VCN- The General Department of Vietnam Customs has instructed Dong Nai Food Industry Corporation on VAT policy for imported tobacco leaves separated from stems.
Applying tax on animal feed ingredient faces problems due to specialized regulations

Applying tax on animal feed ingredient faces problems due to specialized regulations

VCN - The unified application of regulations of specialized legal documents related to value-added tax (VAT) policies on imported raw materials for animal feed has caused many problems. Notably, the accurate identification for imported raw materials for animal feed not only causes difficulties for the enterprise but also for the enforcement authority.
Ministry of Finance proposes to choose the option of reducing land rent by 30% in 2024

Ministry of Finance proposes to choose the option of reducing land rent by 30% in 2024

VCN - The Ministry of Finance has just completed the draft Decree of the Government regulating the reduction of land rent in 2024. Accordingly, in the latest Draft, the Ministry of Finance directly proposed to choose the reduction level according to option 2 of 30%.
Ensuring reasonableness upon enforcement of regulations in "1 law amending 7 laws"

Ensuring reasonableness upon enforcement of regulations in "1 law amending 7 laws"

VCN - According to the representative of the Vietnam Chamber of Commerce and Industry (VCCI), the Ministry of Finance and the National Assembly Committees are urgently collecting opinions to complete the draft Law amending seven Laws, to ensure that the issued regulations are reasonable and remove difficulties for businesses.
Ensuring global trade security requires cooperation, exchange and processing of information before the goods arrive

Ensuring global trade security requires cooperation, exchange and processing of information before the goods arrive

VCN - As import and export activities increase, security risks also increase. Therefore, to meet the requirements of both strict security control and shortening clearance time, facilitating trade, one of the effective solutions is to cooperate, exchange and process information before the goods arrive.
Read More

Your care

Latest Most read
Which authorities have the right to request taxpayer information?

Which authorities have the right to request taxpayer information?

The GDVC has recently issued a response to the Asset Valuation Council for Criminal Proceedings of An Giang Province concerning the provision of information on imported goods prices for asset valuation purposes.
The Government adjust import and export tariff rate on certain goods

The Government adjust import and export tariff rate on certain goods

The government issued Decree 144/2024/ND-CP, amending and supplementing certain provisions of Decree 26/2023/ND-CP on the export tariff schedule, the preferential import tariff schedule
"One law amending four laws" on investment to decentralize and ease business challenges

"One law amending four laws" on investment to decentralize and ease business challenges

VCN - According to the Government, the draft Law amending and supplementing certain provisions of the Planning Law, Investment Law, Law on Investment under Public-Private Partnerships (PPP), and Bidding Law (referred to as "One law amending four laws") fo
One law amending seven financial laws: New driving force for economic growth

One law amending seven financial laws: New driving force for economic growth

VCN - Draft 1 of the Law amending 7 laws in the financial sector has been officially submitted and discussed at the 8th session of the 15th National Assembly. According to the Law-making program, the Law will be developed and promulgated following a simpl
Ensure harmony of interests of “3 parties” when applying 5% VAT on fertilizers

Ensure harmony of interests of “3 parties” when applying 5% VAT on fertilizers

VCN - The representative of the Vietnam Fertilizer Association cites data from the Ministry of Finance, as saying that about VND10,000 billion of VAT has not been deducted from business expenses from 2015 to present.
Mobile Version