1. Customs Clearance Methods
โ Bonded Exhibition Clearance
โข
This method allows temporary import of exhibition goods without formal import clearance. After the event, goods can either be re-exported or imported formally after being transferred to a bonded warehouse.
โข
During the exhibition period, the organizer will set up a bonded exhibition area on behalf of participants with bonded items.
โค Participants must notify the organizer with full item details by Thursday, August 28.
โก Duty-Free Clearance (Non-taxable goods)
โข
This applies to consumables with unit price under USD $5. Total quantity and declared value must be reasonable and acceptable to Korean Customs.
โข Re-export Clearance
โข
Definition: A method where the importer declares to customs in advance that the goods will be re-exported within a certain period. A financial security is required.
Key Featuresโฆ
Used when the venue is not designated as a bonded area (e.g. hotels or general events).
โฆ
Allows for domestic demonstration or temporary use post-show.
โฆ
Customs inspection takes place at the bonded warehouse designated by local customs.
โฆ
No duties are paid unless re-export commitment is violated.
Types of Securityโฆ
Cash deposit: Based on the estimated duties.
โฆ
Bank Guarantee: Bank-issued payment assurance.
โฆ
Tax Payment Insurance: Insurance certificate covering tax obligations.
Note: Failure to re-export within the declared period will result in penalties.โฃ ATA CARNET
โข
Definition: A certified international customs document agreed upon by participating governments.
Key Featuresโฆ
Used when the venue is not a bonded area.
โฆ
Allows goods to enter the country before the event for pre-installation.
โฆ
Valid until the expiration date indicated on the carnet document.
2. Scope of Work by Official Freight Forwarder
โ Payment of air/sea freight charges upon cargo arrival
โ Bonded transportation from port/airport to exhibition venue
โ Unloading and delivery to booth
โ Unpacking and storing empty packaging materials
โ Booth arrangement
โ
Customs clearance
โ Repacking and removal from venue
โ Loading and outbound transportation
โ Domestic bonded warehouse storage and import handling services
โ Overseas return shipment (by sea or air)
