Transcript Presentation – lastest classification issues

Latest Classification Issues
( N a m e )
Audit Policy Bureau
Korea Customs Service
Self introduction
Office
• Audit Policy Bureau, KCS(’13.2~)
• Auditing Team, Seoul Customs(’12.10)
• Investigation Team, Seoul Customs(’11.11)
Experience
• 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)
Certificate
• Authorized Customs Broker(’09)
• Classification Expert Certificate(’12)
Contents
I. What is HS and classification?
II. Why does classification matter?
III. Case Studies
- A Bullion Coin
- A Paramotor
- An Inflatable Ball
- A Smart Watch
IV. Summary & Implications
I. What is HS and Classification?
HS XX. XX. XX
“Chapter”
“Heading”
“Sub-heading”
II. Why does classification matter?
Customs tariffs & Drawback taxes
Controlled goods
Trade statistics
III. Classification of a Bullion Coin
Legal Tender
(Heading 7118, 0%)
Gold Billets
(Heading 7108, 3%)
III. Classification of a Paramotor
Aircraft
(Heading 8802, 0%)
Paraglider
(Heading 8804, 0%)
III. Classification of an inflatable ball
“Hoppity Ball” – Toy
(Heading 9603, 8%)
“Fitness Ball” – Article for
physical exercise
(Heading 9606, 8%)
III. Classification of a smart watch
Machine for transmission of data
(Heading 8517, 0%)
Wrist -watch
(Heading 9102, 8%)
IV. Summary and Implication
Legal Tender
(HS 7118, 0%)
Aircraft
(HS 8802, 0%)
• Clear Criteria
• Essential Characteristics
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Q&A