to leave a comment.
Chuseok Special Support Measures... Principle of same-day payment for export companies' refund applications
The Korea Customs Service announced on the 4th that it will operate '24-hour special customs clearance support teams' at 34 customs offices nationwide from the 7th to the 27th, including holidays and nights, to ensure stable supply and demand of Chuseok seasonal goods.
The Korea Customs Service announced special support measures with these details on this day, ahead of the Chuseok holiday.
It will support the rapid supply of holiday seasonal goods and urgently imported raw materials and components to the domestic market.
In preparation for an increase in direct overseas purchases such as holiday gifts, 'special express cargo customs clearance support teams' will also be operated at some customs offices.
To prevent long-term stockpiling of tariff-quota items, surcharges will be imposed for delayed import declarations of price-stabilizing items such as frozen pork and fruits, and on-site inspections of bonded areas will be intensified.
From the 10th to the 23rd, 'special customs refund support' will also be provided to export companies.
The refund payment period, which normally takes about two days after application, will be shortened to 'the same day'. For applications submitted after bank closing hours, etc., working hours will be extended to ensure prompt payment of refunds by the morning of the next day.
Import prices for 89 agricultural, livestock, and fishery products, whose consumption increases during the holiday season, will be disclosed a total of three times: on the 4th, 11th, and 18th.
In addition, the agency plans to strengthen crackdown activities on origin labeling violations to prevent imported goods such as ritual items and gifts from being misrepresented and sold as domestic products.
Newsletter
Get key news delivered to your email every morning
to leave a comment.