Quote from: wazure on March 11, 2011, 08:53:07 amWhat's the duty-free threshold?The duty-free threshold is 150,000 Korean won (usually around $130 USD) and that includes the shipping fee.Go here for the current exchange rate employed by Korea Customs:http://english.customs.go.kr/kcsweb/user.tdf?a=user.exchangerate.ExchangeRateApp&c=1001&mc=ENGLISH_INFORMATION_CUSTOMSWhat are the duty and tax rates?For the most products, 8% customs duties and 10 % value added tax (VAT). However, some goods are liable to special excise taxes and other taxes. In general, all the household goods (except automobiles, boats, luxury jewelry, second items depending on the situation) are exempt from Customs duties and taxes. In addition, pianos, refrigerators, dryers, ovens or some other household goods are exempt from Customs duties and taxes only once because there's usually only one of those items per household.However, you need to prove that you are going to live in Korea for more than two years and the goods should be brought into Korea within 6 months of your first arrival. You can't file duty-free applications on brand new products, gifts, professional goods, goods for sale and other goods that aren't household necessities.Automobiles, airplanes, boats and jewelry (worth more than 1 million won) are charged with regular duties and taxes. For all the details of Customs duty and tax rates applicable, please refer to the Duties and Taxes in Korea or Simplified Duty Rate at Simplified Clearance on the Korea Customs' web site.Besides customs duties and taxes, some items require licensing & approval procedures in other government agencies. These include food, alcohol, pets, medicine, and cars. For details, please read more on importing individual items."Electronics, books, laptops, clothes/shoes, and bagsElectronics such as cameras, tablets, smartphones, etc. are subject to 20% taxation.Books are duty free, but audio books (CDs, DVDs, etc.) are subject to 20% taxation.There is no duty on laptops, but 10% VAT on the CIF value (the price+freight+insurance fee) is charged.The duty rate on clothes and shoes is 13%, whereas it's 8% on bags.How are duties calculated?Let's suppose you ordered clothes (13% duty rate) whose value is $200 USD and the current exchange rate is 1,100 KRW = $1 USD. Let's also suppose the shipping is $10 USD.Duty fee = (value of products in KRW + shipping in KRW )*duty rateDuty fee = (200 USD * 1,100 KRW/USD + $10 USD*1,100 KRW/USD)*13% = 30,030VAT= (value of products in KRW + shipping in KRW + duty fee)*VAT rate=VAT = [200 USD*1,100 KRW/USD + $10 USD*1,100 KRW/USD + 30, 030 ]*10% = 26,103Total fees = Duty fee + VAT = 30,030 + 26,103 = 56,133 KRWHow do I pay?Online banking is the probably the easiest and fastest way, but it's also possible to pay by going to your bank or any post office.How did my friend order over 200,000 KRW worth of dietary supplements (or X good) and not get charged a dime?S/he probably ordered from a Korean company that is aware of customs laws (most, if not all, are). Hence, they probably marked the package as gift and/or deliberately marked the value of the package such that you avoid paying fees.It's also possible that the goods ordered are exempt from duties and taxes. Or maybe s/he just got lucky!More Infohttp://www.customs.go.kr/kcshome/main/content/ContentView.do?contentId=CONTENT_ID_000001318&layoutMenuNo=21023Have a specific question?Ask Korea Customs directly: http://www.customs.go.kr/kcshome/main/qna/QnaList.do?layoutMenuNo=21035Interesting
What's the duty-free threshold?The duty-free threshold is 150,000 Korean won (usually around $130 USD) and that includes the shipping fee.Go here for the current exchange rate employed by Korea Customs:http://english.customs.go.kr/kcsweb/user.tdf?a=user.exchangerate.ExchangeRateApp&c=1001&mc=ENGLISH_INFORMATION_CUSTOMSWhat are the duty and tax rates?For the most products, 8% customs duties and 10 % value added tax (VAT). However, some goods are liable to special excise taxes and other taxes. In general, all the household goods (except automobiles, boats, luxury jewelry, second items depending on the situation) are exempt from Customs duties and taxes. In addition, pianos, refrigerators, dryers, ovens or some other household goods are exempt from Customs duties and taxes only once because there's usually only one of those items per household.However, you need to prove that you are going to live in Korea for more than two years and the goods should be brought into Korea within 6 months of your first arrival. You can't file duty-free applications on brand new products, gifts, professional goods, goods for sale and other goods that aren't household necessities.Automobiles, airplanes, boats and jewelry (worth more than 1 million won) are charged with regular duties and taxes. For all the details of Customs duty and tax rates applicable, please refer to the Duties and Taxes in Korea or Simplified Duty Rate at Simplified Clearance on the Korea Customs' web site.Besides customs duties and taxes, some items require licensing & approval procedures in other government agencies. These include food, alcohol, pets, medicine, and cars. For details, please read more on importing individual items."Electronics, books, laptops, clothes/shoes, and bagsElectronics such as cameras, tablets, smartphones, etc. are subject to 20% taxation.Books are duty free, but audio books (CDs, DVDs, etc.) are subject to 20% taxation.There is no duty on laptops, but 10% VAT on the CIF value (the price+freight+insurance fee) is charged.The duty rate on clothes and shoes is 13%, whereas it's 8% on bags.How are duties calculated?Let's suppose you ordered clothes (13% duty rate) whose value is $200 USD and the current exchange rate is 1,100 KRW = $1 USD. Let's also suppose the shipping is $10 USD.Duty fee = (value of products in KRW + shipping in KRW )*duty rateDuty fee = (200 USD * 1,100 KRW/USD + $10 USD*1,100 KRW/USD)*13% = 30,030VAT= (value of products in KRW + shipping in KRW + duty fee)*VAT rate=VAT = [200 USD*1,100 KRW/USD + $10 USD*1,100 KRW/USD + 30, 030 ]*10% = 26,103Total fees = Duty fee + VAT = 30,030 + 26,103 = 56,133 KRWHow do I pay?Online banking is the probably the easiest and fastest way, but it's also possible to pay by going to your bank or any post office.How did my friend order over 200,000 KRW worth of dietary supplements (or X good) and not get charged a dime?S/he probably ordered from a Korean company that is aware of customs laws (most, if not all, are). Hence, they probably marked the package as gift and/or deliberately marked the value of the package such that you avoid paying fees.It's also possible that the goods ordered are exempt from duties and taxes. Or maybe s/he just got lucky!More Infohttp://www.customs.go.kr/kcshome/main/content/ContentView.do?contentId=CONTENT_ID_000001318&layoutMenuNo=21023Have a specific question?Ask Korea Customs directly: http://www.customs.go.kr/kcshome/main/qna/QnaList.do?layoutMenuNo=21035
Just got an email my package with Korea Post is held up at customs. It's from Iherb and under 150000 won. Has anyone else had issues with them? I've always done CJ Express and have never encountered issues.
Quote from: sh9wntm on May 30, 2018, 07:57:16 amJust got an email my package with Korea Post is held up at customs. It's from Iherb and under 150000 won. Has anyone else had issues with them? I've always done CJ Express and have never encountered issues.It might be the contents.
Quote from: JNM on May 30, 2018, 09:32:14 amQuote from: Savant on May 30, 2018, 08:15:21 amQuote from: sh9wntm on May 30, 2018, 07:57:16 amJust got an email my package with Korea Post is held up at customs. It's from Iherb and under 150000 won. Has anyone else had issues with them? I've always done CJ Express and have never encountered issues.It might be the contents.This is likely it.Sometimes it isn't the product itself, but the label. For example, I have heard that "gelatin" needs to include the species it was derived from (pig, cow, horse), even of it is an ingredient in something else.I've had a few things that were low value be held up at customs just because I didn't put in the right import code, but if you either call or enter it online then the shipment gets moving right quick.
Quote from: Savant on May 30, 2018, 08:15:21 amQuote from: sh9wntm on May 30, 2018, 07:57:16 amJust got an email my package with Korea Post is held up at customs. It's from Iherb and under 150000 won. Has anyone else had issues with them? I've always done CJ Express and have never encountered issues.It might be the contents.This is likely it.Sometimes it isn't the product itself, but the label. For example, I have heard that "gelatin" needs to include the species it was derived from (pig, cow, horse), even of it is an ingredient in something else.
They ended up wanting my passport number, which I already gave on my order but maybe they were double checking. Anyways no big deal. Overall delivery service in Korea has been impeccable.
Be super careful if you're ever ordering more than 150,000 dollars' worth and choose to split it into multiple deliveries that you leave a day at least between the orders. The first time we'd done research and placed our second order the day after the first (in the same name), and got stung since in California it was still the same day due to the time difference...and both parcels still arrived at customs on the same day.