Korea: Preferential tariff rate under Korea-ASEAN free trade agreement; customs value based on fallback method

Customs-related decisions of the Tax Tribunal

Customs-related decisions of the Tax Tribunal

The KPMG member firm in Korea prepared a report on recent customs-related decisions of the Tax Tribunal, which involved the following issues:

  • Whether import of portable microphone qualified for preferential tariff rate under Korea-Association of Southeast Asian Nations (ASEAN) free trade agreement
  • The transaction value of an item in question and determining the customs value based on the fallback method

Read a September 2022 report [PDF 281 KB] prepared by the KPMG member firm in Korea

 

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