Customs Duty Refund
Overview of Customs Duty Refund
Customs duty refund is a system that returns paid duties, including overpayment refunds, breach-related refunds, and refunds for raw materials used for export. Generally, the term “customs duty refund” refers to the refund of duties on raw materials used for export. This system aims to enhance the price competitiveness of Korean export goods by refunding duties originally imposed on imported raw materials that are processed and then exported.
Services of Free Trade Customs & Consulting
Free Trade Customs & Consulting provides customs duty refund consulting tailored to various types of corporate transactions. Available services include the Refund in Original Condition service (when the imported goods are exported as they are), the Individual Refund service (when raw materials are imported, manufactured, and then exported), and the Simplified Fixed-Amount Refund service (when goods manufactured directly by small and medium-sized enterprises are exported).
