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Procedures for importing steel from Vietnam - Notes when importing

Procedures for importing steel from Vietnam - Notes when importing

BlogDate: 07-10-2024 by: Nhu Quynh

Vietnam is undergoing a period of robust economic development as it ascends to become one of the world's leading steel-producing nations. This has precipitated a global surge in demand for Vietnamese steel. Consequently,  what documents and import procedures are included to import steel from Vietnam?

In this article, MRS Steel would like to share about the procedures of importing steel from Vietnam. We invite readers to follow the main content below.

Describing the procedures of importing steel from Vietnam
Describing the procedures of importing steel from Vietnam

Determine the type of imported steel

First, it is imperative to ascertain the Harmonized System (HS) code of the imported steel product, the quantity to be procured, and the specific technical attributes of the product. Is that item included on the list of import restrictions or import prohibitions?

The first step is to identify the steel products that need to be imported
The first step is to identify the steel products that need to be imported

Execute the sales contract

After determining the item to buy, the importer needs to find a supplier, sign a sales contract, and determine the shipping method and delivery method according to incoterms rules. A payment contract is a contract that shows the transaction between two parties. This is a document that will often be required in all sets of documents throughout the goods clearance process. The contract content should include information including: name, quantity of goods, weight, packaging specifications,...

Sales contract between exporter and importer
Sales contract between exporter and importer

Check import documents

To import a shipment, the importer needs to prepare the necessary documents and vouchers to carry out import procedures. These documents are required by customs authorities to check and confirm the import rights of goods. Below is a list of main documents required in the import dossier set.

  • Customs declaration: This is a document that registers detailed information about imported goods, including information about origin, value, and other requirements.
  • Sale contract: This contract is signed between the buyer and the seller to determine the terms of the steel purchase transaction.
  • Packing list: This is a detailed list of packing units, quantity and weight of imported goods.
  • Commercial invoice: This invoice provides information about the value of imported goods and other information related to payment.
  • Bill of Lading (B/L): This is an important shipping document, confirming the transportation of goods from origin to destination and proving ownership of the goods.
  • Certificate of Origin (C/O): For some types of steel, a certificate of origin may be required to identify the origin of the goods to enjoy preferential tariffs.
  • Other related documents: Depending on the importing country, other related documents will be required.

Above is information about the necessary documents to import steel products from Vietnam. However, if you import steel through MRS Steel, our staff will assist you with the documents.

The commercial invoice is a particularly important document when carrying out import procedures
The commercial invoice is a particularly important document when carrying out import procedures

Receive Arrival Notice

From 1 to 2 days before the ship arrives, the shipping company will send a notification of arrival via email to the importer. After receiving notification of goods arrival, the importer will proceed with customs declaration.

Sample of arrival notice
Sample of arrival notice

Customs declaration

After fully preparing the documents and procedures, the importer needs to proceed with customs declaration to receive customs clearance. Presently, owing to the advent of digital applications, in certain countries, the customs declaration process can be conveniently registered online. Businesses are required to comprehensively complete all information on the declaration form.

In many countries, importers can declare online
In many countries, importers can declare online

Get Delivery Order

Delivery order is a document issued by a shipping company or specialized shipping unit. A delivery order is used to request a unit to store goods at a port or warehouse for the owner of the goods. Delivery orders can be made by the forwarder or the goods owner.

Sample of delivery order
Sample of delivery order

Pay duties & complete customs procedures

For imported steel products, importers need to pay taxes to complete customs procedures. At this time, the importer needs a C/O previously provided by the exporter to get preferential tariffs if the two importing and exporting countries have the same trade agreements. In addition, depending on some specific types of goods, businesses also have to pay additional duties, such as environmental duty and special consumption duty.

Importers need C/O to get preferential tariffs

Importers need C/O to get preferential tariffs

Receive Goods

This is the last step the importer needs to do after completing customs procedures and clearance. At this time, the importer needs to receive the goods and load them onto the vehicle to take them to the warehouse.

Receive goods is the final step of the steel import procedures
Receive goods is the final step of the steel import procedures

MRS Steel - Specializes in supporting steel imports from Vietnam

MRS Steel is a company providing steel import services from Vietnam to steel importers around the world. With many years of experience in the steel field, we will help our partners import steel products from Vietnam quickly and professionally to save costs and quality. We believe that the services of MRS Steel will meet the needs of customers because:

  • Fast delivery time.
  • Our professional staff will provide dedicated advice on products, documents, and procedures.
  • Save time and money.

MRS Steel has provided you with information about the procedures for importing steel from Vietnam. However, if you import steel from Vietnam through MRS Steel, the above processes will be optimized, helping you save time and money. Therefore, if you need to import steel from Vietnam, please contact us for advice and support.

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