Tariff rate decided by a treaty or an administrative agreement with a foreign country
The basic tariff rate stated in the Tariff Rate Table attached to the Customs Act
Provisionally applied tariff rate different from the basic tariff rate
Anti-dumping duty, Countervailing duty, Seasonal duty, Adjustment duty, etc. Based on Articles 51 through 75 of the Customs Act (excluding Article 73)
The tariff rates applied in accordance with the Most-Favored-Nation (MFN) principle among member countries of the World Trade Organization (WTO).
If the FTA partner country exports a product on the sensitive track, which maintains either a non-scheduled or high duty rate, the importing country will also apply the same rate, even though the product in question is eligible for tariff elimination under the agreement.
The reciprocal duty rate corresponding to the ASEAN state will also apply in Korea if the duty rate applied to the product imported from Korea by the ASEAN state is no higher than 10%.
For example, the Philippines designates the motorcycle exported by Korea as a sensitive item, so the preferential duty rate is not applied.
In this case, Korea is to apply the current rate of 8% instead of the preferential duty rate of 3%. However, the current duty rate on the product in the Philippines is 5%. Therefore, Korea also applies a 5% duty rate on motorcycles imported from the Philippines.