Harmonized system www.themegallery.com LOGO Add your company slogan Contents Theoretical base 1.1 1.2 Background of HS The Hierarchy of the HS Class 1.3 Case of Vietnam LOGO Add your company slogan Background of HS  Full name: The Harmonized Commodity Description and Coding systems  Caretaker: WCO  Multipurpose: digit international commodity classification www.themegallery.com LOGO Add your company slogan 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) www.themegallery.com LOGO Issues relating to HS in Vietnam Add your company slogan  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 www.themegallery.com LOGO VIETNAM Add your company slogan www.themegallery.com LOGO REASON Add your company slogan  the local HS code in Vietnam is a 10-digit code in compliance with digit code as HS convention and digit codes as ASEAN Harmonized Tariff Nomenclature (AHTN) www.themegallery.com LOGO REASON Add your company slogan - 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 www.themegallery.com LOGO Add your company slogan Recommendations  More research to give specific classification to more harmonize with international practices  reduce different applications of HS code  can use Vietnam Customs’ Data LOGO Add your company slogan www.themegallery.com LOGO www.themegallery.com LOGO ... base 1.1 1 .2 Background of HS The Hierarchy of the HS Class 1.3 Case of Vietnam LOGO Add your company slogan Background of HS  Full name: The Harmonized Commodity Description and Coding systems... slogan 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... Vietnam is a 10-digit code in compliance with digit code as HS convention and digit codes as ASEAN Harmonized Tariff Nomenclature (AHTN) www.themegallery.com LOGO REASON Add your company slogan -