Customs Clearance/Tariff Reduction, Exemption & Refund
Customs clearance refers to customs declaration and inspection procedures undertaken when
goods are imported from abroad.
Customs clearance
Import Clearance Procedure
Customs Clearance Process for Capital Goods
- Notification of foreign investment
(report to a foreign exchange
bank or KOTRA) - Confirmation of specifications of
imported capital goods
(report to a foreign exchange
bank or KOTRA) - Import clearance
- Confirmation of completion of
in-kind investment
(report to KCS officer dispatched
to KOTRA) - Registration of incorporation
(report to district courthouse registration
department or registry office) - Registration of foreign-invested company
(report to a foreign exchange bank
or KOTRA)
- Load/Depart
- Enter Port &
Unload - Enter Bonded
Area -
- Before leaving port
- Before entering port
- Before entering bonded area
- After entering bonded area
- Import
Declaration -
Inspect
-
Goods
Inspection - Cargo Selectivity
-
skip
inspection - Customs
Clearance
Requirements
Inspection -
Post-
payment -
Pre-payment
-
Pay All Taxes
- Accept Import
Declaration - Carry Out/
Receive Cargo
Tariff reduction, exemption & refund
Tariff reduction and exemption
There are two types of tariff reduction: unconditional reduction of and/or exemption from taxes based on specific facts, and conditional tariff reduction and exemption in which tariffs are reduced or exempted on condition of specific usage.
- Unconditional reduction & exemption
- Conditional reduction & exemption
Tariff refund
Tariffs paid or to be paid when importing raw materials for export are drawn back to the exporter or the manufacturer of the exported goods upon export, notwithstanding the Customs Act, etc.
- Exports for which export declarations
are accepted - Exports subject to refund by a Ministry of Strategy and Finance Ordinance
- Raw materials used in the
production of goods for export - Raw materials of goods exported
in their original imported state
Online
consultant

- KOREA CUSTOMS SERVICE
- Lee Jung Cheol Senior Officer
- 02-3497-1061
- ch900670@kotra.or.kr
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