ACT ON SPECIAL CASES OF THE CUSTOMS ACT FOR THE IMPLEMENTATION OF FREE TRADE AGREEMENTS

CHAPTER I GENERAL PROVISIONS

Article 1(Purpose) #

The purpose of this Act is to contribute to efficient implementation of free trade agreements and to development of the national economy by providing for special cases of the Customs Act, such as the imposition and collection of customs duties, the reduction of or exemption from customs duties, the customs clearance of exported or imported goods, etc., as may be necessary for the Republic of Korea to implement free trade agreements entered into with other countries, and matters necessary for cooperation in customs administration with other countries as stipulated in free trade agreements.

Article 2(Definitions) #

(1) The terms used in this Act are defined as follows:

1. The term "free trade agreement" means an international convention signed by the Republic of Korea with other Contracting States on liberalization of trade, including the removal of tariffs and progressive annual reduction of tariff rates, in compliance with Article XXIV of the General Agreement on Tariffs and Trade 1994 ("GATT 1994"), and any similar treaty and agreement on the removal or reduction of tariffs;

2. The term "Contracting State" means a nation (including a confederation of states, an economic community, and an independent customs territory; hereinafter the same shall apply) that has entered into a free trade agreement (hereinafter referred to as "agreement") with the Republic of Korea;

3. The term "customs authority of a Contracting State" means an authority of any Contracting State which has control over the enforcement of Acts and subordinate statutes and agreements governing customs affairs (limited to customs affairs);

4. The term "origin" means a country in which it is deemed that goods have been produced, processed, manufactured, in accordance with the standards stipulated in an agreement, for purposes of the imposition and collection of customs duties, the reduction of or exemption from customs duties, the customs clearance of exported or imported goods, etc.;

5. The term "document evidencing origin" means a document that proves the origin of exported or imported goods (hereinafter referred to as "certificate of origin") between the Republic of Korea and the Contracting State, and other documents, information, etc. necessary to confirm the origin;

ACT ON SPECIAL CASES OF THE CUSTOMS ACT FOR THE IMPLEMENTATION OF FREE TRADE AGREEMENTS

Article 1(Purpose) #

Article 2(Definitions) #

Article 3(Relationship to Other Statutes) #

Article 4(Conventional Tariffs) #

Article 5(Priority in Application of Tariff Rates) #

Article 6(Requirements for Application of Conventional Tariffs) #

Article 7(Criteria for Determining Origins) #

Article 8(Requests for Application of Conventional Tariffs) #

Article 9(Requests for Ex Post Facto Application of Conventional Tariffs) #

Article 10(Verification of Origins) #

Article 11(Preparation and Issuance of Certificates of Origin) #

Article 12(Certification of Approved Exporters) #

Article 13(Support for Verification of Origins by Small and Medium Enterprises) #

Article 14(Notification of Revisions to Documents Evidencing Origin) #

Article 15(Retention of Documents Evidencing Origin) #

Article 16(Submission of Documents Evidencing Origin) #

Article 17(Investigations of Origins) #

Article 18(Investigations of Origins by Requests of Contracting States) #

Article 19(Requests for Investigations of Origin to Contracting States) #

Article 20(Investigations of Origin by Contracting States) #

Article 21(Suspension of Application of Conventional Tariffs during Periods of Investigations of Origins) #

Article 22(Safeguard Measures) #

Article 23(Provisional Safeguard Measures) #

Article 24(Special Safeguard Measures concerning Specified Agriculture, Forestry or Livestock Products) #

Article 25(Special Cases concerning Imposition of Emergency Tariffs Prescribed in the Customs Act) #

Article 26(Countermeasures against Measures Taken by Contracting States) #

Article 27(Consultations on Anti-Dumping Duties) #

Article 28(Consultations on Countervailing Duties) #

Article 29(Special Exceptions to Customs Clearance Procedures) #

Article 30(Exemption of Customs Duties for Temporarily Imported Goods) #

Article 31(Advance Rulings on Origins) #

Article 32(Modifications of Written Advance Rulings) #

Article 33(Reciprocal Cooperation) #

Article 34(Applications for Reciprocal Consultations on Customs Duties) #

Article 35(Restriction on Application of Conventional Tariffs) #

Article 35-2(Revision Interest) #

Article 36(Additional Duties) #

Article 37(Designation of Persons subject to Restrictions on Application of Conventional Tariffs and Revocation Thereof) #

Article 38(Duty of Confidentiality) #

Article 39(Filing Objections) #

Article 40(Submission of Documentary Evidence and Evidential Materials for Objections) #

Article 41(Requests for Submission of Relevant Materials) #

Article 42(Delegation of Authority) #

Article 43(Implementation of Agreements) #

Article 44(Penalty Provisions) #

Article 45(Joint Penalty Provisions) #

Article 46(Administrative Fines) #