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What is the import duties threshold again?

 
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jdog2050



Joined: 17 Dec 2006

PostPosted: Wed Sep 01, 2010 5:32 pm    Post subject: What is the import duties threshold again? Reply with quote

So, if I order something new from the states, what is the Threshold before it gets hit with an import duty tax? The new ipod touch looks pretty sweet, but on the Korean site it's 429,000W. It's $299 on amazon.com.
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ttompatz



Joined: 05 Sep 2005
Location: Kwangju, South Korea

PostPosted: Wed Sep 01, 2010 6:46 pm    Post subject: Re: What is the import duties threshold again? Reply with quote

jdog2050 wrote:
So, if I order something new from the states, what is the Threshold before it gets hit with an import duty tax? The new ipod touch looks pretty sweet, but on the Korean site it's 429,000W. It's $299 on amazon.com.


$150 or less if you import it.
$400 or less if you carry it in.
(US dollars)

Tax rates are posted on the customs website:
http://www.customs.go.kr/

.
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blade



Joined: 30 Jun 2007

PostPosted: Wed Sep 01, 2010 7:47 pm    Post subject: Reply with quote

http://fedex.com/cn_english/about/custom/regulatoryupdates/KROnline_5Mar10.html

Worldwide Customs and Regulatory Updates

The Korea Customs Service Prohibits Inbound Shipments Containing Goods Purchased from Electronic Commerce Sites from Being Classified as Non-Dutiable Shipments, Regardless of their Value.

Effective 22 February 2010, inbound shipments containing goods purchased from electronic commerce sites such as online shopping are prohibited from being classified as non-dutiable shipments by the Korea Customs Service. This regulation applies even if the shipped goods have a value of less than US$100, which is usually regarded as non-dutiable.


To facilitate smooth customs clearance, shippers are therefore required to provide a detailed description of such goods, including the product name and value, and the name and address of the electronic commerce site.


The Korea Customs Service has recently started tightening its enforcement of customs clearance regulations so it is highly recommended that shippers follow these requirements closely.


To learn more about the new regulations introduced by the Korea Customs Service, please visit the following sites
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jdog2050



Joined: 17 Dec 2006

PostPosted: Wed Sep 01, 2010 7:50 pm    Post subject: Reply with quote

...what a bunch of duty.
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Slowmotion



Joined: 15 Aug 2009

PostPosted: Wed Oct 27, 2010 12:06 am    Post subject: Reply with quote

I wanna order something from amazon.com that costs about $150 dollars. I have three options:

A: Ship it here and pay the import tax. I have no idea how much it's going to be though.

B: Ship it home, have my parents put it in another box as used. Not sure how much it will be to reship it, but if it's the similar to my import tax than why bother.

C: Have it shipped to my friend who is stationed on base. I just worry since it's the military it's gonna take forever.

What's my best option?
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