Are you looking to import canned olives for business in Vietnam? Are you looking for a reputable logistics unit that provides the service of importing canned olives to Vietnam? Do you want to know how much is the import tax on canned olives at the moment? Is there a preferential import tax for canned olives? State management regulations for canned olives? How to import canned olives? What is the process of importing canned olives?
In the article below, TOGHN with many years of experience in providing the service of importing canned olives for businesses/individuals across the country will support and answer the above problems.
HS Code for canned olives
In the field of import and export, in general, for any commodity, in order to properly determine import policies and procedures, it is first necessary to determine the HS code of the item.
Canned olives HS of Chapter 20: Preparations of vegetables, fruits, nuts or other products of trees:
| HS code | Description | Preferential import tax |
| Chapter 20 | Preparations of vegetables, fruits, nuts or other products of plants | |
| 20057000 | Olive | 25 |
The detailed determination of HS code of an item must be based on the nature, composition, etc. of the goods actually imported
According to current regulations, the basis for applying HS codes to goods actually imported at the time of importation, on the basis of catalogs, technical documents (if any) or/and assessment at the Customs Inspection Department.
The results of the actual inspection of the customs and the results of the Customs Inspection Department determined to be the legal basis for applying the code to the imported goods.
The HS we advise above is for reference only.
>>To know more about this content, you can refer to the article: HS Code Definition
Prohibit export, ban import
According to current regulations , canned olives are not on the list of goods banned from export or import, so the company can carry out import procedures according to regulations.
>>For the current regulations on the list of goods banned from import and export, see the List of goods banned from import .
Import policy of canned olives
What license is required to import canned olives?
Canned olives are under the specialized management of the Ministry of Agriculture and Rural Development and are on the list of imported goods subject to food safety inspection before customs clearance according to Decision No. 4069/QD-BNN-QLCL Therefore, enterprises need to register for food safety inspection before conducting customs clearance of goods.
Customs procedures for importing canned olives
Customs dossier for import of canned olives
- Commercial Invoice
- Packing List
- Bill of lading
- Certificate of origin – in case the importer wants to enjoy special preferential import tax
- Other documents
Label of canned olives when imported:
Imported goods need to be fully labeled according to current regulations.
Goods labels must show the following contents:
- Name of goods
- Name and address of the organization or individual responsible for the goods;
- Origin of goods
- Other contents according to the nature of each type of goods
For more details, you can refer to the article Notes about labels of imported goods.
Tax on import of canned olives
When importing canned olives, the importer needs to pay import duty and value added tax (VAT).
VAT on canned olives is 10%.
The current preferential import tax rate for canned olives is 25%.
In case canned olives imported from countries that have a free trade agreement with Vietnam, they may enjoy special preferential import tax if they meet all the conditions set out in the agreement.
You should note this content to enjoy the legal benefits of tax incentives, currently Vietnam has signed FTAs with more than 50 countries, so it is likely that the goods you import will enjoy special preferential import tax.
