Export Clearance
What is Exportation ? (Clause 2, Article 2 of the Customs)
Releasing domestic goods to foreign countries
Flow chart of export clearance
- Signing of the export contracts → Confirmation on the loading schedule
- Arrival of Letter of Credit → Confirmation on the loading schedule
- Secure the export items → Confirmation on the loading schedule → Export declaration to be made(within 30 days)
- Loading port transportation → Confirmation on the loading schedule → Export declaration to be made(within 30 days)
- Loading → Export declaration to be made(within 30 days)
- Departure from the port
Export Clearance Procedures under FTA
- Confirmation of FTA Contracting Party
- Provision of information on the FTA partner country
- Confirmation of HS Codes of Korea
- Provision of information on customs duties(KCW homepage)
- Confirmation of Preferntial Tariff Treatment
- Provision of preferential tariff rate at exportation(FTA Portal of KCS)
- Provision of information on benefits from FTA in advance
- Confirmation of Preference Criterion
- Provision of Information on preference criterion for each item(product specific rules)
- Publishing interpretation manual for each industry, supporting companies by providing consultations
- Management of Subcontractors
- Providing consultations for effective management of subcontractors
- Determination of Origin
- Establishment of FAT-PASS and distribution of the system without charge
- Issuance of Certificate of Origin(C/O)
- a format of C/O is prepared and distributed
- Sending the Goods(Direct Consignment)
- Company-customized consultations and support provided
- Preferntial Tariff Rate Applied in the Parner Country
- To settle down issues arisen in customs clearance procedures when a meeting between the Customs Authorities of both parties is held
- Compliance with Record Keeping Requirement
- Management of the relevant documents(Keeping records of origin determinations of FTA-PASS)
- Preparation for Origin Verification
- Prevention of Advance Ruling service for effective preparation for origin verification