TradeNPU | Knowledge Basket

Knowledge Basket

What are the procedures, additional duties, and surcharges if goods exempted on condition of re-export are not re-exported within the deadline or are used or transferred without customs approval? Released

26/01/12 06:29 0 123

The conditional duty exemption system for re-export is a system that exempts customs duties on the premise that goods brought into the country temporarily for a specific purpose will be …

How are various forms of fish oils we import, such as refined fish oil (TG), re-esterified fish oil, mixed fish oil, or ethyl esterified fish oil (EE), classified under the Customs Tariff Schedule? Released

26/01/12 02:27 0 151

The HS code classification of fish oils processed in various forms varies according to the processing method and changes in chemical structure. This is because it follows the …

What are the conditions and scope for duty reduction/exemption when re-importing products repaired abroad or raw materials processed overseas? Specifically, what are the requirements for warranty repairs and HS codes? Released

26/01/11 21:12 0 212

When re-importing products to Korea after repairing them overseas or processing raw materials, the reduction or exemption of customs duties is a crucial factor for corporate cost reduction. The …

What is the difference between the trading partner and the overseas supplier indicated on an import declaration? Released

26/01/11 06:22 0 107

The guidance provided by the Korea Customs Service regarding the relevant content is as follows. - Trade Counterparty: Enter the name of the Seller as indicated on …

I would like to sell goods through parallel importation. What documents do I need to prepare for customs clearance? Released

26/01/11 02:27 0 168

When preparing for a parallel import business, one of the most important considerations seems to be how to secure inventory. Therefore, I believe you may be particularly curious about …

In third-party invoicing trade where a Chinese exporter issues a Certificate of Origin, where is the invoice issuer recorded and how is direct consignment proven? Released

26/01/10 21:15 0 269

Third-party invoice trade transactions are a common form of international trade that has become even more prevalent as global supply chains grow increasingly complex. This type of transaction requires …

I want to import a few overseas products for KC certification. Should I import them under a personal name, or is there a simplified procedure for importing small quantities specifically for certification purposes? Released

26/01/09 23:04 0 165

1. Import as Commercial Samples: It must be clearly stated on the import invoice that the sample is a commercial sample. You can indicate that it is a …

I am exporting K-beauty products overseas, but issuing certificates of origin to receive FTA preferences is too complex. Is it true that this procedure is being simplified? Released

26/01/09 21:26 0 142

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

What is the "Release before Acceptance of Import Declaration" system? Released

26/01/09 06:13 0 117

Generally, during import customs clearance, goods can only be released after filing an import declaration with customs, undergoing necessary inspections, and paying taxes such as customs duties. However, as …

When applying the Korea-EU FTA preferential tariff, can I receive duty-free benefits with only a purchase receipt or the origin marking on the product, even without a Certificate of Origin? Released

26/01/08 18:19 0 446

You have inquired whether it is possible to receive duty-free benefits under the Korea-EU FTA preferential tariff using only a purchase receipt or the origin marking on the actual …