WE MAKE THE DIFFERENCE FOR YOUR SUCCESSFUL BUSINESS
신한관세법인은 통관, 물류, 컨설팅까지 Total Service를 제공합니다.
Cover Story Japan’s Export Restriction on South Korea
How It Started : “Catch All” Control System
Catch-all control system regulates export product that could
potentially be used to develop or manufacture weapon. From last July 4, Japan
tightened export controls to South Korea on three kinds of semiconductor
materials citing this “Catch-All” control system in Korea is not controlling
target exports effectively. However, Korea’s system regulates more items
including conventional weaponry than system in Japan by reporting end user’s
information and their purpose of purchasing to Korean government. Meanwhile,
Japanese companies are not obliged to report export related information to related
agencies when exporting conventional weaponry.
FTA News Updated FTA News as of
July 2019
More Items Added for Simplified Issuance
Process of Certificate of Origin
From
this July 1st, Korean Customs Service (KCS) is allowing 82 more items to issue
FTA Certificate of Origin in simplified process along with existing 161 items.
Newly added items are machinery, food preparations including automotive
batteries, boilers, noodles, Kimchi to promote export utilizing FTA benefits.
Voices From the Fields KCS Utilizing Big Data to Help Taxpayer to Avoid Filing Errors
Avoid Filing
Error with KCS’s Big Data Information
KCS
is assisting taxpayers to reduce filing errors in clearance with services
utilizing clearance data accumulated in the KCS system. This data contains wide
range of clearance data including duty information and foreign exchange, which
KCS can diagnosis whether taxpayer is reporting tax in the most appropriate
way.
Updated Customs Trading Regulation
Revision of
Improved Guidelines and Articles Effective as of July 1, 2019
Guideline for National Plant Quarantine
Service is newly inserted as related articles are revised as of July 1, 2019.
Revision allows Ministry of Agriculture, Food and Rural Affairs can request
necessary information to related government agencies in case of finding
regulated pests injurious to plants. It also allows to impose administrative
fine not exceeding five million won, when importer and any related party
including customs broker and carrier did not report the find of injurious pest
from the importing product.
Customs Case Study Cases on Principle of Good Faith and Prohibition of Retroactive
Taxation
Background
Company A has been importing EMI Shielding
film product under WTO duty rate of 6.5%, which Customs have investigated the
product might be eligible for paying AD duty. After investigation, the product
found not to be eligible for paying AD duty, however its corresponding duty was
found to be general duty of 8%. Customs claimed previously imported cases
should be accounted with 8% of general duty as well as imposing additional tax.
Company A disagreed with custom’s decision and filed appeal that it is against
the Principle of Good Faith and Prohibition of Retroactive Taxation as
previously filed clearance import cases were classified at their best knowledge
in good faith.
SHINHAN
News KCS(Korea
Customs Service) hosting, “YES FTA 2019” with SHINHAN
Customs Service
We are inviting export companies planning to utilize FTA to the
following educational seminar free of
charge provided by Korean Customs Service.
■ Location/Time
: Flexible upon request of applicants ■ Registration - Fee is free of charge, materials are included.
Lunch is provided for 6 hours course. - YES FTA Website (http://www.yesftaedu.or.kr) - Registration via phone or e-mail is
available ■ Other
Questions? - SHINHAN Customs Service : 82-2-3448-1181,
fta@shcs.kr - YES FTA Q&A Center : 82-1544-5702,
yesftaedu@origin.or.kr
If you have any questions? esyoon@shcs.kr
Please find details on our website in here. http://blog.naver.com/shinhan22
|