SERVICES

CUSTOMS AUDIT CONSULTING SERVICE

What is
Customs Audit?

The customs audit is a comprehensive examination of all import and export activities, including the accuracy of the declared
tax amount and customs requirements stipulated in relevant statutes.

Types of Customs Audit

STEP 01
Corporate Audit
(Regular Examination)
Examination on the overall
legality of customs clearance
of firms that fit in specific
standards including the
import and export volume
on a regular basis.
STEP 02
Project Audit
(Irregular Examination)
Examination on the legality of
customs clearance of firms
that are selected on the basis
of analysis on the basic
planning of project audit and
customs clearance legality
STEP 03
Comprehensive
Examination
(Regular Examination)
Examination of the status of
implementation of AEO certified
standards and the field of
clearance legality for AEO
enterprises from 2 years
after the accreditation to
6 months before the expiration
STEP 04
Other Customs Refund
Examinations
Examination on whether
the customs refund application
requirements are satisfied
and the calculation of the
required amount is suitable
in accordance with
the Customs Act and
the Special Act on Refunds

Subject Items for Corporate Audits

Customs Valuation and
the Dutiable Value
  • The adequacy of the transaction price (especially the adequacy of T/P for transactions between related parties)
  • Adequacy of additional adjustment factors such as Loyalty fee
  • Adequacy of application of deduction factors, etc.
Classification and Tariff
Reduction/Exemption
  • Adequacy of classification and duty rate application
  • Eligibility for customs reduction/exemption and adequacy of post management
Compliance with Foreign
Exchange Transaction Act
  • Methods of payments such as offsetting, third party payments, overdue payments, and etc.
  • Methods of payment not through a foreign exchange bank
  • Details of capital transactions such as financial derivatives
Legality of Country
of Origin
and Customs Clearance
  • Legality of origin marking according to the Foreign Trade Act
  • Customs clearance and other requirements
Customs Refund
  • Adequacy of customs refund
Import Requirements
  • Customs Verification of Clearance Requirements
  • Declaration subject to Consolidated Public Notice

Consulting Process