Knowledge Basket
26/03/21 06:20
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Yes, as you noted, Closed-Circuit Television (CCTV) cameras and webcams that transmit real-time video images without internal storage devices or viewfinders are classified as Television Cameras under HS Code 8525.89-2000 …
26/03/21 02:23
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When purchasing goods from overseas, one of the most confusing aspects is the difference between 'List Clearance' and 'General Import Declaration.' These are the two primary methods used when goods …
26/03/20 21:18
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Yes, that is correct. The Korea Customs Service (KCS) strictly prohibits the export of used smartphones that have been reported as lost or stolen. This measure is designed to prevent …
26/03/19 06:27
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Duty drawback for exported goods is a system designed to support exporters and alleviate their financial burden in accordance with the Act on Special Cases Concerning the Refund of Customs …
26/03/19 02:11
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To understand the logistics flow of imported cargo, it is essential to first distinguish between the concepts of 'Foreign Goods' and 'Domestic Goods' under the Customs Act. While both …
26/03/18 21:29
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Under the Foreign Exchange Transactions Act, transactions are broadly categorized into current transactions (such as trade) and capital transactions. A capital transaction refers to a transaction between a resident …
26/03/18 06:23
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The Korea Customs Service recently announced a significant simplification of the procedures for issuing Free Trade Agreement (FTA) Certificates of Origin. This measure is designed to proactively support the global …
26/03/18 02:29
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Yes, that is correct. The Korea Customs Service (KCS) strictly prohibits the export of used smartphones that have been recorded as lost or stolen.This regulation is implemented to prevent …
26/03/17 21:28
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Customs clearance for non-commercial personal household goods (personal effects) during overseas relocation is distinct from commercial cargo procedures, primarily offering tax exemptions and simplified formalities. Commercial goods are imported or …
26/03/17 06:17
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1. Standard Import Notification ProceduresPursuant to the Medical Devices Act, all importers must submit and complete a Standard Electronic Document for Import Notification through the Chairman of the …