TradeNPU | Knowledge Basket

Knowledge Basket

In CIF imports, is it common for the exporter-designated forwarder's partner to refuse inland transport, prioritizing risk over margin? Can I request this through a customs broker? Released

26/01/22 06:25 0 136

Under CIF or CFR terms, it is a very common practice in trade for the importer-side partner of the exporter-appointed forwarder to refuse inland transportation. Behind this phenomenon are …

I would like to know about the required documents and the general safety confirmation procedure for household chemical products. Released

26/01/22 02:27 0 142

The procedures and required documents to obtain safety confirmation for household chemical products are as follows. This procedure is conducted in accordance with the Act on Safety Management of Household …

I’m exporting K-beauty products, but issuing a Certificate of Origin for FTA benefits is very complex. I heard news that this procedure will be simplified; is that true? Released

26/01/21 21:22 0 187

Recently, the Korea Customs Service announced that it will significantly simplify the procedures for issuing Free Trade Agreement (FTA) Certificates of Origin to more actively support the exports of K-beauty …

🇪🇸 Spain Guide: 2025 Latest Duty-Free Limits and VAT (IVA) Refund Complete Summary 💃 Released

26/01/21 06:16 0 898

Spain, the land of the sun, as a member of the European Union (EU), follows duty-free standards similar to other EU countries. However, the VAT refund (DIVA system) procedure is …

Does a trading firm exporting goods to the EU from an approved manufacturer without processing need an origin manager's training certificate or signature card for item-specific status, plus manufacturer's origin confirmation? Released

26/01/21 02:27 0 118

If you are a trading company that receives goods from a manufacturer that is an Approved Exporter and exports them to the EU without further processing, submitting the manufacturer's Confirmation …

What can be verified through the Korea Customs Service's Advance Ruling system regarding origin criteria and preferential tariffs for our imports, and what is the application process? Released

26/01/20 21:30 0 364

You inquired about utilizing the Korea Customs Service's Advance Ruling system to resolve uncertainties regarding whether the goods you intend to import meet origin criteria and the application of …

As a Japanese business selling and shipping food directly to Korean customers on open markets like Auction/Gmarket, do we need to register for imported food internet purchasing agency business and file import declarations? Released

26/01/20 06:15 0 358

As a Japanese business operator selling and shipping food directly to Korean customers through a Korean open market, this does not fall under "Online Purchasing Agency Business for Imported …

Does bringing in items bought abroad for an acquaintance trigger a declaration duty or a customs violation because they aren't for personal use, even if within duty-free limits? Released

26/01/20 02:14 0 571

Guidance on Customs Declaration Obligations and Legal Responsibilities for Purchasing Goods on Behalf of Others During Overseas Travel You have inquired regarding the act of purchasing goods on …

Under the Korea-India CEPA, when applying the CTSH+RVC35 origin criterion, should the RVC calculation be based on the FOB price? Can the producer's price not be considered? Released

26/01/19 21:27 0 171

Under the Korea-India CEPA (Comprehensive Economic Partnership Agreement), if the origin determination criterion is specified as CTSH+RVC35%, the value-added price for calculating the Regional Value Content (RVC) must be determined …

I received a $5,000 invoice by offsetting a $10,000 receivable from selling a machine against a $15,000 payment for imported dried fruit. Can I declare the customs value of the imported goods as $5,000? Released

26/01/19 06:26 0 114

In a situation like the one you inquired about, where a buyer pays for imported goods by offsetting a debt owed by the seller, the total amount before the …