Korea Certified Customs Attorney SJ

  Under Article 4 and 30 of the VALUE-ADDED TAX ACT ( 부가가치세법 ), 10% VAT is levied on the importation of goods unless exempt from VAT pursuant to Article 27 of the ACT. VALUE-ADDED TAX ACT   Article 27 (Importation of Tax-Free Goods) An importation of any of the following goods shall be exempt from value-added tax: 1. Unprocessed foodstuffs (including agricultural products, stock farm products, marine products, and forest products which are served for food) which are prescribed by Presidential Decree; 2. Books, newspapers, and magazines, which are prescribed by Presidential Decree; 3. Goods which are imported by academic research organizations, educational institutions, the Korea Educational Broadcasting System established under the Korea Educational Broadcasting System Act, or cultural organizations for scientific, educational, or cultural purposes and which are prescribed by Presidential Decree; 4. Goods which any for...

  If importers are uncertain about the appropriate HS Code to use when filing an import declaration of a product, they can apply for an advance ruling on tariff classification under the Article 86 (1) of the CUSTOMS ACT ( 관세법 ). CUSTOMS ACT Article 86 (Advance Rulings on Tariff Classification Applied to Specific Goods) (1) A person who intends to import or export goods, a manufacturer of goods to be exported, a licensed customs broker, a customs brokers' corporation, or a corporation for handling clearance under the Licensed Customs Broker Act (hereinafter referred to as "licensed customs broker, etc.") may file an application with the Commissioner of the Korea Customs Service for an advance ruling on the tariff classification on attached Schedules of Tariff Rates to be applied to the relevant goods prior to filing an export or import declaration pursuant to Article 241 (1), accompanied by documents prescribed by Presidential Decree.   ...