Customs Act.

The purpose of this Act is to properly administer the imposition and collection of customs duties and customs clearance of goods exported and imported and to secure revenues from customs duties with the aim of contributing to the development of the national economy.
Customs duties shall be imposed on imported goods. The duty base for customs duties shall be determined based on the price or quantity of imported goods. The Ministry of Finance and Economy shall establish a Tariff Deliberative Committee mandated to deliberate on key matters involving the tariff policy under this Act. Any person who has filed a dutiable value return, a duty return, an export and import declaration or a report on bonded transportation shall keep documents pertaining to such reports for a period fixed by the Presidential Decree within the limit of five years from the day on which such reports were filed. The Act further makes provisions for: P person liable for duty payment; tariff rates; reduction or exemption of customs duties; the matters concerning the overall customs administrative details, such as the taxpayer's right and procedure for filing objections, bonded area, clearance procedures, the permit system for a temporary unloading of foreign goods on board the ships or aircraft and a cargo transfer, and punishment of customs criminals, etc.