Scope of application of the effectiveness of authorization
1
Denzel Ramos
business_tip No. 2645
Luna said,
In the case of a company-specific approved exporter, once a company has been authorized as an approved exporter, the procedures for issuing a certificate of origin (C/O) are simplified for all the export goods of the approved exporter.
However, in the case of a product-specific approved exporter, the procedures for issuing a certificate of origin (C/O) are simplified only for the respective items for authorization by FTA and by item (six digits of each HS code), and thus neither the effectiveness nor the benefits of such authorization are applicable to all the free trade agreements. Therefore, if a free trade agreement or an item (six digits of the HS code) for which a company has been authorized as an approved exporter has become different, the company must obtain an additional authorization as an approved exporter, and if the company fails to obtain an additional authorization as an approved exporter, it cannot receive the authorization-related benefits granted to an approved exporter.
No. 127 ∙ 2021-12-10
You can confirm the certificate of origin forms through Legal Information System of the KCS: http://www.customs.go.kr/kcs/co/co.do