South Korea: Need to investigate customs evasion due to the low price of Chinese dried onions

Published 2022년 4월 18일

Tridge summary

From January 2021 to March 2022, 37 companies imported dried onions, primarily from China, with the majority paying as little as 0.2 to 0.5 dollars per kilogram, despite the average price being significantly higher. This has raised concerns about tariff evasion and low-priced declarations. Seventeen of these companies account for 76% of the total import volume, with the lowest average price at 0.24 dollars per kilogram. The Korea Onion Producers Association is calling for these companies to be investigated and dried onions to be marked for pre-tax assessment to prevent the distribution of unreasonably low prices, as the imported prices do not align with local Chinese prices.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

It was confirmed that there are many companies that import dried onion at a price of 0.2 to 0.5 dollars per kg. At a time when allegations of low-priced declarations of Chinese dried onions have been raised, there is a growing demand for an investigation into tariff evasion due to the high possibility of illegal low-priced declarations by these companies. According to data recently received from the Korea Customs Service by Rep. Park Hyung-soo of People's Strength (Gyeongsangbuk-do Yeongju, Yeongyang, Bonghwa, Uljin), there were 37 companies that imported dried onions (HS code, 0712200000) from January 2021 to March 2022. Confirmed. All of the dried onions they imported were 3301.75 tons. The data did not indicate the exporting country, but most are presumed to be made in China. As of last year, three countries exported dried onions to Korea: China, the United States, and India. As of 2021, the average unit import price per 1 kg of dried onions was $0.56 from China, ...

Source: Nongmin