Walnuts are the most popular dried product in the market. Many businesses have imported this product to supply to the market. What is the procedure to import walnut from Vietnam? Please refer to the following article of Vncomex.
Information about walnut in Vietnam
The first place where walnuts appeared was in the Indian and Mediterranean regions. Because walnut trees are suitable for growing and growing in cool climates. Later, walnut trees were grown in many countries such as: USA, Russia, Australia, China, Mexico, Iran, Turkey, Ukraine, etc.
About the last 2 years, walnut trees have been successfully bred and planted in the northern mountainous localities such as Lao Cai, Son La, Cao Bang, and Lang Son and started to exploit, harvest and bring them to the market. to the domestic market of Vietnamese wild walnuts.
Vietnamese walnut is small like a longan, lychee, tapered at both ends, Vietnamese wild walnut shell is rough, when ripe, the shell turns yellow-brown, inside contains many kernels.
Walnut market in Vietnam
In recent years, a significant volume of walnuts has been imported into Vietnam. According to the US Department of Agriculture, the number of walnuts imported into Vietnam in 2009 was more than 10,000 tons but Comtrade data is 11,240 tons.
In Vietnam, walnuts are distributed through a network of traditional medicine stores, mainly in two big cities, Hanoi and Ho Chi Minh City. Ho Chi Minh. This shows that the consumption of walnuts in Vietnam is mainly for health improvement and is not exactly a show of class as in the Chinese market.
The market price of walnuts varies seasonally. The maximum selling price at drug stores in Ho Chi Minh City has reached 400,000 VND/kg (20 USD), four times higher than the international market price in 2011 (Comtrade).
Instructions on procedures to import walnut from Vietnam
Summary of documents to import walnut from Vietnam
An application form for a Certificate of eligibility for food safety;
Certificate of business registration with the registration of food business lines;
Drawing of basic floor plan design;
Drawing of the design plan of the surrounding area;
Diagram of the food production process (or preservation and distribution process);
An explanation of the facility’s facilities, equipment, and tools.;
Certificate of food safety knowledge of the establishment owner and the person directly producing and trading food;
Certificate of full health of the establishment owner and of the person directly producing and trading food.
Food safety inspection
Pursuant to Clause 1, Article 14 of Decree 38/2012/ND-CP dated April 25, 2012 of the Government regulating inspection of imported food:
“All foods, food ingredients, food additives, processing aids, tools, packaging materials, and food containers when imported into Vietnam must be inspected at the inspection agency. The competent state is appointed by line ministries, except for the cases specified in Clause 2 of this Article.”
It is recommended that the Company contact the Ministry of Agriculture and Rural Development to register for inspection of food hygiene and safety for the shipment when carrying out import procedures.
HS code to import walnut from Vietnam
08023100 : Not peeled. Preferential import tax: 10%. Value Added Tax (VAT): 5%. When you have a certificate of origin (C/O), you will enjoy the following tax incentives: ASEAN – China: 0%, ASEAN – India: 0%, ASEAN – Australia – New Zealand: 3% , ASEAN (ATIGA) : 0%
08023200 : Peeled. Preferential import tax: 30%. Value Added Tax (VAT): 5%. When you have a certificate of origin (C/O), you will enjoy the following tax incentives: ASEAN – China: 0%, ASEAN – India: 0%, ASEAN – Australia – New Zealand : 0%, ASEAN (ATIGA): 0%
Tax on importing walnuts
About tax: when you import walnut from Vietnam, your company has to pay import tax, value added tax, and customs fees.
Pursuant to the provisions of Article 92 and Article 93 of Circular No. 194/2010/TT-BTC dated December 6, 2010 of the Ministry of Finance guiding on customs procedures; customs
supervision inspection; export tax, import tax and tax administration for exported and imported goods:
Amount of import tax payable = Number of units of imported goods x Taxable value per unit of goods x Tax rate.
The number of units of each item actually imported is the quantity stated in the customs declaration.
The dutiable value shall comply with the provisions of the Law on Customs, the Law on Tax Administration, the Law on Import Tax and Export Tax No. 45/2005/QH11 dated June 14, 2005, Decree No. 40/2007/ND- The Government’s CP dated March 16, 2007 stipulates the customs valuation of imported and exported goods; Circular No. 205/2010/TT-BTC dated December 15, 2010 of the Ministry of Finance guiding Decree No. 40/2007/ND-CP.
Tax rate: is the import tax rate prescribed in the Preferential Import Tariff promulgated together with Circular No. 193/2012/TT-BTC dated November 15, 2012 of the Ministry of Finance.
Pursuant to the mentioned Tariff: If your company imports walnuts, unshelled (HS code 0802.31.00), the import tax rate is 10%. If your company imports shelled walnuts (HS code 0802.32.00), the import tax rate is 30%;
Regarding value-added tax (VAT):
Tax bases and value-added tax calculation methods are specified in Chapter II of Circular No. 06/2012/TT-BTC dated January 11, 2012 of the Ministry of Finance guiding the implementation of a number of articles of the Law on Taxation. added value, guiding the implementation of Decree No. 123/2008/ND-CP dated December 8, 2008 and Decree No. 121/2011/ND-CP dated December 27, 2011 of the Government.
As you can see, the procedure to import walnut from Vietnam is quite complicated, so it is best to work with a third-party logistics company.
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