cstmqt harmonized system slide presentation 2

Harmonized system

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Contents
1

Theoretical base
1.1
1.2

Background of HS
The Hierarchy of the HS Class

1.3
2

Case of Vietnam

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1. Background of HS

 Full name: The Harmonized Commodity
Description and Coding systems
 Caretaker: WCO
 Multipurpose: 6 digit international commodity
classification

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The Hierarchy of the HS

 Consists of 21 sections, divided into 97 chapters
which comprise about 5,000 commodity classes.
 Sections
Chapters (2 digits)
Headings (4 digits)

Subheadings (6 digits)

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Issues relating to HS in Vietnam

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 Different applications of HS code in Vietnam may
happen between customs and claimers
 Enterprises try to apply the HS code to lower the
tax rate
 Some businesses have suffered from economic
damages due to inadequate use of HS by VN
Customs.

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VIETNAM

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REASON

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 the local HS code in Vietnam is a 10-digit code in
compliance with 6 digit code as HS convention

and 8 digit codes as ASEAN Harmonized Tariff
Nomenclature (AHTN).

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REASON

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- The classification of HS code is not really
specific leading to different application
between enterprises and custom agencies.
- the classification is not as detailed as
developed countries, causing much
challenges

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Recommendations
 More research to give specific classification to
more harmonize with international practices
 reduce different applications of HS code

 can use Vietnam Customs’ Data

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