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The center of trade, happy KOREA. FTA(Free Trade Agreement) will continue to place with

Checkpoints for Origin Verification

Fulfillment of Formal Requirements of C/Os

 

 • Confirmation on Appropriateness of C/O Issuer

Authority-issued
C/Os

아이콘  Icon whether or not the C/O was issued by the authorized body

Self-issued C/Os

아이콘  Icon whether or not the C/O was issued by the exporter located in the FTA contracting country

아이콘  Icon whether the exporter is the person who has obligation relating to record keeping of the

      documents regarding exportation

아이콘  Icon whether or not the C/O was issued based on Origin Notification completed by the

      producer in case where the exporter and the producer are do not match.

 

 • Basis for Validity Period

Korea-Chile

Korea-Singapore

Korea-EFTA

Korea-ASEAN

Korea-India

Korea-EU

Korea-Peru

Korea-US

2

1

1

0.5

1

1

1

4

Article 5.2

Article 5.2

Article 5.2

Article 8
to Appendix 1
of Annex 3

Article 4.5

Article 18

Article 4.3

Article
6.15

 

 • Format of Certificate of Origin

   - The C/O is completed in the format provided in the Agreement

   - The language used is the language set out in the Agreement

   - The entries are completed with facts only

   - No details for the entries are omitted

 

Requirements of Trading Party

 • Disciplines: to be traded directly between the exporting party and the importing party

 • If an agent from a non-party is involved and issues the invoice, the requirement is fulfilled under certain conditions

   - Under Korea-Chile and Korea-ASEAN FTA, it is available only if the details of the agent is indicated on the

     Certificate of Origin

 

Products entitled to Preference and Appropriateness of the Duty Rate

 • To confirm whether or not the products are entitled to preference and the duty rate was duly applied.

 • To confirm whether the seasonal duties or duties for specific period etc. were appropriately applied

   - Grapes under Korea-US FTA: 10.16 ~ 4.30 (Duty rate at 24% of the year 2012), 5.1~10.15(Duty rate at 42.3%

     of the year 2012)

 • Appropriateness of customs duty application

   - No. 2 applies in priority only if the rate is lower than No. 3,4,5,6

 

<Priority of Duty Application in accordance with Customs Act>

Classification

Contents

1

Anti-dumping duties, countervailing duty, retaliatory duties, emergency duty, emergency duty for
products of specified countries, Special Emergency Duties on Agricultural, Forest and Livestock
Products  (applies in priority regardless of the amount)

2

Beneficial Duty Rate, Preferential Tariff Rate (No. 2 applies in priority only if it is lower than No. 3,4,
5,6)

3

Adjustment Tariff, Seasonal Duties, Tariff Quota (applied in priority in case where tariff quota is lower
than No. 4)

4

General Preferential Tariff

5

Provisional Tariff Rate

6

General Rate

 

 • Preference Criterion by FTA

Classification

Korea
Chile

Korea
Singapore

Korea
EFTA

Korea
ASEAN

Korea
India

Korea
EU

Korea
Peru

Korea
US

Wholly
Obtained
Criterion

 

Change in
Tariff
Classification

 

Value-
Content
Rule

Requirement
(Range)

RC
(45~80%)

RC
(45~55%)

MC
(30~60%)

RC
(35~60%)

LC
(25~50%)

MC
(40~50%)

RVC
(35~55%)

RC
(35~60%)

Basic
Range

Build-down
Method
(No less
than 45%)

Build-up
Method
(No less
than 30%)

-

-

No less
than 40%

No less
than 35%

-

No less
than 35%

Build-down
Method
(No less
than 45%)

Build-up
Method
(No less
than 35%)

Calculation
Modality

Build-down
Method,

Build-up
Method

Build-down
Method

Build-up
Method

Build-down
Method,

Build-up
Method

Build-down
Method

Build-up
Method

Build-down
Method,

Build-up
Method

Build-down
Method,

Build-up
Method,

Net Cost
Method

Product
Price

Adjusted
Value

Customs
Value

Ex-works
Price

FOB

FOB

Ex-works
Price

FOB

Adjusted
Value

Processing
Operation
Criterion

 

Circumvention of Third-Country Products

 • To confirm whether or not the products were imported into the FTA contracting party and exported in the same condition

   (non-qualifying)

 • To confirm whether or not C/O was issued for products which were simply transshipped or called in the FTA contracting

   party (non-qualifying)

 

Fulfillment of Consignment Conditions

 • Preferential Tariff Treatment applies when goods are directly transported from the exporting party to the importing party

   without any transits.

FTA

Basis for the Consignment Conditions

Korea-Chile

Article 4.12 (Transshipment)

Korea-Singapore

Article 4.15 (Direct Consignment),
Article 5.9 (c) (Documents Proving Simple Transit)

Korea-EFTA

Article 14 of Annex (Direct Transport)

Korea-ASEAN

Article 9 of Annex 3 (Direct Consignment)

India

Article 3.15 (Direct Consignment),
Article 4.8(c) (Documents proving simple transit)

EU

Article 13 of the Protocol (Direct Transport)

Peru

Article 3.14 (Direct Transport)

US

Article 6.13 (Transit and Transshipment)

  Preferential tariff treatment is applied to goods which have undergone transit in non-parties provided that the goods

  remained under the control or observation of the customs authority in the territory of the non-party, or the goods did   

  not undergo further production or any operation, other than unloading, reloading or any other operation necessary to

  preserve it in good condition

 

 • Documents for Record Keeping

Importer

Exporter

Producer

- A copy of C/O ;

- Import Contract ; and

- Documents for

  transportation of imported

  goods etc.

- A copy of C/O ;

- Origin Notification ;

- Copy of Application Form for

   Issuance of the C/O ;

- Documents for receiving and

  disbursing of exported

  goods ; and

- Purchase Contract for exported

  goods etc.

- A copy of C/O ;

- Documents for receiving and

  disbursing, purchasing, producing

  the raw materials of the  exported

  goods ;

- Production process description ;

- Cost Statement ; and

- Supply Contract for the exported goods

  etc.