[Notice Board] Customs Valuation and Classification Institute Product Classification Competition…9 Perfect Scorers

[Notice Board] Customs Valuation and Classification Institute Product Classification Competition…9 Perfect Scorers

▲ The Customs Valuation and Classification Institute of the Korea Customs Service announced on the 28th that 9 people received a perfect score in the 27th Product Classification Competition. Product classification is the process of assigning internationally recognized product numbers (HS codes) to import and export goods, and tariff rates and import/export requirements vary depending on which number they are classified under. A total of 229 people participated in this competition, and 15 individuals and 4 teams received awards. The average score of the participants was 63.1 points, which was 8.9 points higher than last year. (Sejong=Yonhap News)