Frozen Groundnuts Import Duty & Landed Cost: Vietnam to South Korea
Full 2026 tariff breakdown, customs duty calculations, and compliance alerts for importing into South Korea.
2026 Tariff & Cost Breakdown for Importing Frozen Groundnuts
Importers of Frozen Groundnuts from Vietnam to South Korea face an 8% duty and 10% VAT on the CIF value in USD. The total cost includes the CIF value plus the duty and VAT, making it essential to calculate the landed cost accurately to avoid unexpected expenses.
Cost Breakdown
| Component | Rate | Amount |
|---|---|---|
| Product Value | — | EUR 0.57 |
| Shipping | — | EUR 0.00 |
| Insurance | — | EUR 0.00 |
| CIF Value | — | EUR 0.57 |
| Customs Duty | 8% | EUR 0.05 |
| VAT/GST | 10% | EUR 0.06 |
| Total Landed Cost | — | EUR 0.68 |
HS Code Classification for Frozen Groundnuts
Primary HS Code: 0904.120000 — What It Covers
The primary HS code 0904.120000 covers Frozen Groundnuts and is used for customs declaration purposes. Accurate classification is vital to avoid penalties and ensure smooth customs clearance.
Why Misclassification Carries Risk in South Korea
A penalty of up to 10% of the total duties, taxes, and other charges may be imposed for HS code misclassification in South Korea, emphasizing the need for accurate classification.
Step-by-Step Guide: Importing Frozen Groundnuts from Vietnam to South Korea
Step 1: Verify Your HS Code & Product Description
Importers must verify their HS code and product description to ensure accuracy and compliance with Korea Customs Service regulations.
Step 2: Gather Required Import Documents
Required documents include a commercial invoice, certificate of origin, and packing list, which must be prepared and submitted to the Korea Customs Service for clearance.
Commercial Invoice Requirements
The commercial invoice must include the CIF value, HS code, and other relevant details to facilitate customs clearance.
Certificate of Origin
A certificate of origin is required to prove the origin of the Frozen Groundnuts and to claim preferential tariffs under the VKFTA.
Packing List & Shipping Documents
A packing list and shipping documents, such as the bill of lading, must be prepared and submitted to the Korea Customs Service for customs clearance.
Step 3: Calculate Your Landed Cost
The landed cost is calculated by adding the CIF value in USD, duty (8%), and VAT (10%), resulting in the total cost of importing Frozen Groundnuts into South Korea.
Step 4: Submit to South Korea Customs Authority
The Korea Customs Service requires importers to submit their customs declaration and supporting documents for clearance.
Step 5: Pay Duties & Clear Goods
After customs clearance, importers must pay the applicable duties and taxes to release their Frozen Groundnuts from customs custody.
How to Legally Reduce Duty on Frozen Groundnuts Imports into South Korea
Applicable Free Trade Agreements in 2026
The VKFTA provides tariff reductions for Frozen Groundnuts imported from Vietnam into South Korea, offering a preferential tariff rate.
Duty Deferral Options: Bonded Warehouses & FTZs
Importers can utilize Free Trade Zone (FTZ) programs or bonded warehouses to defer duty payments on their Frozen Groundnuts imports.
Preferential Tariff Programs
Preferential tariff programs, such as the GSP and VKFTA, offer reduced tariff rates for Frozen Groundnuts imported into South Korea.
South Korea Customs Compliance Rules for Frozen Groundnuts
Korea Customs Service Requirements for Frozen Groundnuts
The Korea Customs Service requires importers to comply with labeling requirements, including indicating the country of origin and product name in Korean, for Frozen Groundnuts imports.
De Minimis Threshold
A de minimis threshold of 200 USD applies to imports into South Korea, below which no duties or taxes are payable.
Frequently Asked Questions About Frozen Groundnuts Import Duty from Vietnam to South Korea
What is the duty rate for Frozen Groundnuts imported from Vietnam to South Korea?
The duty rate for Frozen Groundnuts imported from Vietnam to South Korea is 8%. The VAT rate is 10%. The CIF value in USD is used as the basis for calculating the duty and VAT.
What is the HS code for Frozen Groundnuts?
The primary HS code for Frozen Groundnuts is 0904.120000.
Do I need a certificate of origin to import Frozen Groundnuts from Vietnam to South Korea?
Yes, a certificate of origin is required to prove the origin of the Frozen Groundnuts and to claim preferential tariffs under the VKFTA.
Can I use a bonded warehouse to store my Frozen Groundnuts imports?
Yes, importers can utilize Free Trade Zone (FTZ) programs or bonded warehouses to store their Frozen Groundnuts imports and defer duty payments.
What is the de minimis threshold for imports into South Korea?
The de minimis threshold for imports into South Korea is 200 USD, below which no duties or taxes are payable.
What are the labeling requirements for Frozen Groundnuts imports into South Korea?
The Korea Customs Service requires importers to comply with labeling requirements, including indicating the country of origin and product name in Korean, for Frozen Groundnuts imports.