Priorities in application of tariff rates
There are various types of tariff rates and it can be difficult to determine what tariff rate shall apply in importing my goods. Article 50 of the CUSTOMS ACT ( 관세법 ) stipulates the priorities in application of tariff rates but it is not easily understood. CUSTOMS ACT Article 50 (Priorities in Application of Tariff Rates) (1) Basic tariff rates and provisional tariff rates shall be governed by attached Schedules of Tariff Rates; and provisional tariff rates shall take priority over the basic tariff rates in the application thereof. (2) Tariff rates referred to in subparagraph 3 of Article 49 shall take priority over tariff rates as shown in attached Schedules of Tariff Rates in the application according to the following order: <Amended on Dec. 31, 2018> 1. Tariff rates under Articles 51, 57, 63, 65, 67-2, 68, and subparagraph 2 of Article 69; 2. Tariff rates under Articles 73 and 74; 3. Tari...