INTIEAKorea · Customs ActPolicyIn force

Customs Act

The Customs Act provides statutory authority for a range of tariffs and customs duty related regulations. The Customs Act sets the baseline tariff rates as applied to goods imported into Korea, except for imports from nations with which Korea has signed free trade agreements.…

Dernière modification il y a 2 ans.

Vue extraite pour la lecture · Original pour les preuves de conformité

Cycle de vie

  1. En vigueur
  2. Dernière modification

Country / jurisdiction: Korea · Year: 2000 · Status: In force · Level: National · Type: Voluntary

The Customs Act provides statutory authority for a range of tariffs and customs duty related regulations. The Customs Act sets the baseline tariff rates as applied to goods imported into Korea, except for imports from nations with which Korea has signed free trade agreements. Baseline tariff rates for countries which Korea has signed free trade agreement with are set by the provisions of those Agreements.

However, the Act also provides statutory authority for the Ministry of Economy and Finance to introduce special tariff measures (e.g., anti-dumping duties, countervailing duties, and retaliatory duties) for the protection of domestic industry. These measures can be applied notwithstanding any free trade agreements signed by Korea.

Two specific causes of action for special tariff measures are provided with in the Act:

In the case where domestic industry faces real harms or may face real harm

In the case where the development of domestic industry is delayed

Current measures in effect include anti-dumping tariffs on:

Vietnamese and Indian ferrosilicon manganese (introduced July 21, 2023; imposed until July 21, 2028): HS Code 7202.30

Chinese and Vietnamese seamless copper pipes (introduced March 2, 2023; imposed until March 2, 2028): HS Code 7411.10

Chinese and Indonesian stainless steel flat-rolled products (introduced September 15, 2021; imposed until September 15, 2024): under HS Codes 7219 and 7220.

Italian and Chinese Taipei stainless steel bars (introduced May 16, 2019; imposed until May 16, 2024): HS codes 7222.11, 7222.19, 7222.20, 7222.30.

Chinese H-beam steel (introduced March 3, 2021; imposed until March 3, 2026): HS Codes 7216.33.3, 7216.33.4, 7216.33.5, 7228.70.1010, 7228.70.1090.

Official source: https://elaw.klri.re.kr/kor_service/lawView.do?hseq=63446&lang=ENG

Source

https://www.iea.org/policies/18423

Document officiel chez le régulateur. Citez toujours cette URL — et non la page de détail Vantage — dans les preuves de conformité.

Connexes dans International

INTEnergy Newsoilprice:oilprice-article-45514ActualitésIn force

Saudi Pipeline Outage Hits an Oil Market Running Out of Buffers

The war in Iran that had to be over and won by the United States in about six weeks is now in its seventh month and the oil markets are starting to crack. Gone are most of the cushions the market had in the early weeks and months of the Middle East conflict. The oversupply from early this year has disappeared as oil on water was drawn down quickly when the Strait of Hormuz was closed to tanker traffic in March. Record stock releases led by the International Energy Agency (IEA) depleted strategic inventories in developed economies, including in…

il y a 18 heures
INTEnergy Newsoilprice:oilprice-article-45515ActualitésIn force

Chinese Solar Panels Drop to 12 Cents a Watt, Rooftop Installs Surge Worldwide

Chinese-made photovoltaic panels cost 12 cents a watt in 2026, down from $5-$6 at the turn of the millennium, and that price collapse is now powering rooftop solar installations from Pakistani cement plants to Philippine homes and Australian suburbs, according to the Financial Times. A Pakistani cement giant has cut its power costs by up to 40% with solar at its production sites, and rooftop solar capacity in the Philippines has nearly doubled in a year. At the same time, Africa is on pace to install record gigawatts, and Australia has installed…

il y a 19 heures
INTEnergy Newsoilprice:oilprice-article-45513ActualitésIn force

Hormuz Risk Opens $40-Plus Price Gap Between Crude Grades

Back in late June, after the United States and Iran agreed to cease hostilities in the Persian Gulf for 60 days, oil prices took a dive. Two months later, Brent is trading at over $107 per barrel, and WTI is moving closer to $103, as a deep chasm opens up between the price for oil stuck in the Gulf and oil that can be moved with no threat of a drone or missile attack. Iraq, OPEC’s number-two producer, has suffered some of the most severe disruptions in its oil industry because of the war between the U.S. and Israel, and Iran. The country…

il y a 20 heures
INTEnergy Newsoilprice:oilprice-news-45515ActualitésIn force

U.S. Oil Inventories Jump as Cushing Stocks Keep Falling

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by a very large 7.14 million barrels in the week ending September 11. In the week prior, US crude oil inventories fell by 300,000 barrels. Commercial crude oil inventories excluding the SPR have lost just over 41 million barrels over the last 22 weeks, with US crude inventories up nearly 10 million for the year, according to API data, kept in check by draws from the SPR. For the week ending September 11, another 400,000 barrels left the SPR to…

il y a 21 heures
INTEnergy Newsoilprice:oilprice-article-45510ActualitésIn force

Sam Altman Is Selling Utilities the Cure for a Cyberattack His Own AI Helped Cau

The artificial intelligence boom is driving a new wave of autonomous cyberattacks, posing a major and growing threat to critical infrastructure, including the energy grid. Ninety percent of state government chief intelligence officers recently reported that cyberattacks on critical services – including threats to water and wastewater systems, hospitals, transportation, and energy and communication networks – is a matter of great concern, according to a new report from the National Association of State Chief Information Officers and…

il y a 21 heures