Export Clearance
Export Clearance is defined as "a regulatory Customs procedure that enforces an exporter to declare to the Customs not only the nature of goods they intend to export, but also their quantity, price and any other particulars".
- In broad terms, it refers to processes from manufacturing of export goods, export declaration, examination,
inspection, and acceptance of declaration to shipment of goods.
- In narrow terms, it refers to processes from export declaration to acceptance of declaration.
Import Declaration
Import Declaration must be filed to the customs house which is in charge of the district where the goods are stored by EDI method with specifications of the goods under the name of a cargo owner, a customs broker, and a customs brokerage firm.
Declaration must be written on an import declaration form stating the description of the goods as well as quantity, value and other particulars required. The form is required to be attached with following supporting documents.
Import license (for goods which requires this to be imported)
Required Documents
- Invoice
- Price declaration
- B/L (Bill of Lading)
- Proofs that requirements have been satisfied under Article 226 of the Customs Act
- Packing List
- Certificate of Origin
- Application for Duty exemption/abatement, preferential tariff rate, etc.
(In case where they are available)
Ndividual Drawback
Individual drawback is the sum of individual tariff levied on each imported raw material used to manufacture export goods. Although Individual drawback has a merit of accurate claculation, it may become very difficult to use if many different types of raw materials are used to produce export goods, or if local transactions are complex. To cope with this problem and to simplify drawback procedure for small and medium-sized companies, the Simplified Fixed Drawback Systems, where an applicant can take advantage of predetermined and listed drawback amount of certain products, has also been introduced.
Individual Drawback
Although individual drawback has a ment of accurate calculation, it may become very difficult to use if many difficult types of raw material are used to produce export goods or if local transactions are complex. To cope with this problem and to simplify drawback produre for small and mediumsized companies, the simplified fixed drawback system, when an applicant can take advantage of perdetermined and listed drawback amount of certain products has also been introduced.
Who may apply for Drawback?
An exporter or manufacturer of export goods may apply for drawback of duties. However, application for simplifed fixed drawback is restricted to only manufacturers of export goods.
Period for Drawback Application
A drawback application should be made within two years from the date that the export declaration is accepted
Inland Transportation
Inland Transportation based on the accumulated Know-how is connected the specialized forwarders and built up the net-work, it provides best service on the reduction of distribution cost with scientific and system method
Coustoms Agent
It provides as coustoms agent that we have entered into parthership with customs agent in Incheon air/sea port, Busan sea port in order to our best for providing on prompt action, convenience and unification for the reduction of distribution cost be maximumizied of customer satisfation
Project Cargo
It provides our service to transport based on the accumulated Know-how and system method for equipment to be moved overseas, machine, bulk cargo, exhibition cargo and so on using adequate equipment and economical route. We do our best to provide our service for our customer satisfaction.
Flow chart of Export clearance Procedures
Export declartion
Declartion processing
(automated/immediate/post-inspection)
Shipment of export goods
Physical inspection
Flow chart of Export clearance Procedures
Pre-departur of vessel/
Pre-arrival of vessel/
Before placing goods in boned area/
after placing goods in bonded area
Import Declration
Payment of customs duties
Import Accepatance
Release of Goods
Flow chart of Export clearance Procedures
Calculation of Yield ratio
Drawback application
Paymnt of Drawback
Determinationof amount
of drawback