Legal Counselling

Vietnam: Table describing types of currency finishing machines

09:10, 01/03/2017

The State Bank of Vietnam issued Circular No. 01/2017/TT-NHNN on February 07, 2017, which specifies types of currency finishing machines.

Types of currency finishing machines are specified as follows:

No.	NAME	CODE ACCORDING TO IMPORT DUTY SCHEDULE				ARTICLE DESCRIPTION
No.	NAME	Chapter	Heading	Sub-heading
3	Finishing machines and equipment:
3.1	Cutting machines	84	41	10	10	Electronic machines for cutting large sheets of currency into smaller separate notes
3.2	Money strapping machines	84	22	40	00	Machines for strapping straps with heat adhesive paper or nylon
3.3	Currency packaging machines	84	22	40	00	Machines packing bundles with head adhesive paper or nylon
3.4	Bundle wrapping machines	84	22	40	00	Machines for wrapping bundles with nylon
3.5	Automatic shearing and wrapping machines	84	22	40	00	Machines for cutting large sheets into smaller individual notes, automatically strapping, packaging and wrapping bundles
3.6	Quality control machines manufactured especially for currency production	84	79	89	30	Electric machines for performing quality inspection on large and small notes including: paper quality; ink quality; security factors; printing and cutting quality; packaging and classification quality
3.7	Counting machines manufactured especially for money production	90	29	10	90	Machines for counting large and small notes and metal currency

View details at Circular No. 01/2017/TT-NHNN of the State Bank of Vietnam, effective from March 23, 2017.

-Thao Uyen-

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