Import Clearance
What is import ? (Article 2 of the Customs Law)
"import" means shipping foreign goods into the Republic of Korea (referring to any foreign goods shipped from the bonded area in Korea in cases of those passing through the bonded area) or consuming and using them (referring to the consumption and use of foreign goods within the means of transportation, but excluding the consumption and use of foreign goods falling under any of the subparagraphs of Article 239) in Korea;
Flow chart of import clearance procedure
Import Clearance Procedures under FTA
- Confirmation for FTA Contracting Party
- Provision of information on the FTA partner party (on FTA portal site of KCS)
- Confirmation of HS Codes of Korea
- Provision of Interpretation, consultation and information concerning HS classification
- Confirmation of Preferential Tariff Treatment
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- Provision of preferential tariff rate at exportation (on FTA portal site of KCS)
- Provision of benefits frem FTA in advance
- Conclustion of Import Contr
- Obligation to compensate any damages regarding preferential tariffs shall be stated on the contact
- Receiving goods (Direct transport)
- Provision of support and interpretation if is sues regarding direct consignment arise
- Preparation for Supporting Documents
- Support for prompt customs clearance procedures by submission of documents only on requests
- Applying Preferential Duty Rates at Importation
- Making claim for preferential tariffs online by completing Declearation for Declearation for Preference(Without on-site visit)
- Applying Preferential Duty Rates after Acceptance of Import Declearation (within 1 yr)
- Making claim for preferential tariffs online by completing Declearation for Declearation for Preference(Without on-site visit)
- Documents for Record Keeping
- Obligation for record keeping is imformed at FTA consultations
- Preparation for Origin Verification
- Prevention of unnecessary inspections by conclusion of MOU on Origin Verification with the FTA partner contry