THE IMPORT PROCESS FOR POWER BANKS AT SMART LINK

Power banks are imported into Vietnam from various countries. To import this product, importers need knowledge of international trade and a clear understanding of customs regulations. In this article, Smart Link will provide detailed information about the import process for power banks, HS codes, and relevant policies.

Understanding Power Banks

A power bank is a portable device used to provide energy to electronic devices such as smartphones, tablets, MP3 players, cameras, and other battery-operated devices. It works by storing electricity in an integrated battery and transferring it to the device that needs charging.

This article will focus on analyzing information about import policies, HS codes, tax rates, and the import procedure for power banks. Please refer to the detailed content below.

Import Policies for Power Banks

Before initiating import procedures, businesses must clearly understand the legal regulations related to this product. Below are the primary legal documents governing the import of power banks:

• Law on Value-Added Tax No. 13/2008/QH12 dated June 3, 2008;
• Decision 04/2017/QĐ-TTg dated March 9, 2017;
• Circular 38/2015/TT-BTC (amended and supplemented by Circular 39/2018/TT-BTC);
• Decree 69/2018/NĐ-CP dated May 15, 2018;
• Decree 43/2017/NĐ-CP dated April 14, 2017;
• Decree 128/2020/NĐ-CP dated October 19, 2020;
• Circular 2/2022/TT-BTTTT dated May 16, 2022.

According to these regulations, power banks are not included in the list of prohibited imports. However, there are a few key points to note:

• Used power banks are prohibited from import.
• Goods labeling must comply with Decree 43/2017/NĐ-CP.
• Accurate HS code classification is essential to ensure correct taxation and avoid penalties.

Labeling Requirements for Imported Goods

Labeling goods is a mandatory requirement for imports. Under Decree 128/2020/NĐ-CP, proper labeling is crucial to help authorities identify the origin, provenance, and responsible parties for the goods.

Required Information on Labels

The labels of power banks must be complete and accurate, including:

• Exporter information (company name and address);
• Importer information (company name and address);
• Product name and detailed information;
• Country of origin.

These details should be presented in English or another language with a Vietnamese translation. If the goods are subject to red-channel inspection during customs clearance, customs authorities will thoroughly check the labeling content.

Label Placement

Labels should be affixed in visible locations, such as on the packaging, cartons, or wooden crates. For retail goods, additional information such as manufacturing date, technical specifications, safety warnings, etc., must be included.

Determining HS Codes for Power Banks

Determining the correct HS code is a critical step in the import process. Below is a table of HS codes for some common types of power banks:

Incorrect HS code classification may result in delays, administrative penalties, or loss of preferential import tariffs.

Documentation for Import Procedures

The documentation for importing power banks includes the following essential documents:

• Customs declaration form;
• Bill of lading;
• Commercial invoice;
• Sales contract;
• Packing list;
• Certificate of origin (if applicable);
• Quality inspection documents (if required).

These documents must be meticulously prepared to ensure a smooth import process.

At Smart Link, we are committed to providing professional and efficient logistics services. If you need support with the import process for power banks or any other products, please contact us for detailed consultation and assistance. With over 14 years of experience, we are proud to be a trusted partner in the logistics and import-export industry.