South Korean Customs Service to block the declaration of low prices for dried onions

Published 2022년 5월 25일

Tridge summary

The Korea Customs Service is taking steps to prevent the declaration of low prices for dried onions imported from China by designating them as items subject to preliminary tax assessment. This action follows reports of unusually low import prices for dried onions, significantly lower than local prices in China. The Customs Service also plans to expand its investigation to other items likely to be reported at low prices. In addition, the Ministry of Agriculture, Food and Rural Affairs is considering the designation of dried ginger, and possibly dried onions, in the distribution history management system to better manage imported agricultural products and prevent violations of origin.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Korea Customs Service has started a procedure to designate dried onions as items subject to preliminary tax assessment in order to block the declaration of low prices. At the same time, it plans to expand investigations not only on dried onions but also on other items that are highly likely to be reported at low prices. The Ministry of Agriculture, Food and Rural Affairs is expected to strengthen regulations on illegally imported agricultural products, including deliberation on the designation of items in the distribution history management system for dried ginger, which was found to be a low-priced report last year. ◆Customs Service begins designation of dried onion items subject to pre-tax assessment = It was confirmed that the Customs Service has entered the process of designating dried onions as subject of pre-tax assessment. It is analyzed that this was triggered by the suspicion of low-priced declarations of Chinese dried onions raised by this paper. In April ...
Source: Nongmin

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