Latest Classification Issues

Audit Policy Bureau

Korea Customs Service

(Name)

Office

Experience

Certificate

Self introduction

• Audit Policy Bureau, KCS(’13.2~)

• Auditing Team, Seoul Customs(’12.10)

• Investigation Team, Seoul Customs(’11.11)

• Hosting Korea Customs Classification Committee(’13.7~)

• Adopting of WCO Classification Opinion in national level(’13.10)

• Attending 53rd and 54th WCO HS Committee as Delegation of Korea(’14.3, ’14.9)

• Authorized Customs Broker(’09)• Classification Expert Certificate(’12)

I. What is HS and classification?

Contents

II. Why does classification matter?III. Case Studies - A Bullion Coin - A Paramotor - An Inflatable Ball - A Smart Watch

IV. Summary & Implications

HS “Chapter”

“Heading” “Sub-heading”

I. What is HS and Classifica-tion?

XX. XX. XX

Controlled goods Trade statistics

Customs tariffs & Drawback taxes

II. Why does classification matter?

Legal Tender (Heading 7118, 0%)

Gold Billets (Heading 7108, 3%)

III. Classification of a Bullion Coin

Aircraft(Heading 8802, 0%)

Paraglider(Heading 8804, 0%)

III. Classification of a Paramotor

“Hoppity Ball” – Toy(Heading 9603, 8%)

“Fitness Ball” – Article for physical exercise

(Heading 9606, 8%)

III. Classification of an inflat-able ball

?

Machine for transmission of data(Heading 8517, 0%)

Wrist -watch(Heading 9102, 8%)

III. Classification of a smart watch

?

• Clear Criteria

IV. Summary and Implica-tion

Legal Tender (HS 7118, 0%)

Aircraft(HS 8802, 0%) ? ?

• Essential Characteristics

Q & A