Knowledge Basket
26/03/15 21:15
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The interpretation provided by your foreign exchange bank is accurate. Your transaction is not recognized as a legal "import" under the Customs Act or the Foreign Trade Act. Instead, it …
26/03/15 06:28
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Regarding your inquiry about whether importer information must be included on a Certificate of Origin (COO) under the Korea-U.S. Free Trade Agreement (KORUS FTA), this is a common concern in …
26/03/15 02:25
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Standard Customs Clearance Notification Requirement
Pursuant to the Medical Device Act, all importers of medical devices must file a Standard Customs Clearance Notification with the Chairperson of the …
26/03/14 21:14
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You have inquired about the necessary documentation for import customs clearance to benefit from the proof of origin waiver for low-value goods under the Korea-China FTA. As a customs broker, …
26/03/14 06:20
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Determining the correct Harmonized System (HS) Code during import customs clearance is the fundamental starting point for establishing duty rates, Value Added Tax (VAT), legal requirements, and specific clearance procedures. …
26/03/14 02:28
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France, a core member of the European Union, applies different duty-free allowances depending on the mode of entry (air, sea, or land). Customs inspections can be rigorous, particularly regarding high-value …
26/03/13 21:23
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In principle, FTA preferential tariff rates can be applied even when the importer listed on the Certificate of Origin (COO) differs from the Importer of Record (taxpayer) on the import …
26/03/13 06:11
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For those planning a visit to the vibrant city-state of Singapore, understanding the local customs regulations is essential for a smooth entry. This guide outlines the duty-free concessions and GST …
26/03/13 02:20
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In cases where a buyer settles the payment for imported goods by offsetting a debt owed by the seller, the gross amount before the offset serves as the basis for …
26/03/12 21:11
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For travelers heading to Canada, it is essential to understand the duty-free allowances and currency reporting regulations to ensure a smooth entry process.
Please note that the legal age …