Necklace Import Duty & Landed Cost: United Kingdom to South Korea
Full 2026 tariff breakdown, customs duty calculations, and compliance alerts for importing into South Korea.
2026 Tariff & Cost Breakdown for Importing Necklace
The total cost of importing a necklace from the United Kingdom to South Korea includes a 13% duty and a 10% VAT based on the CIF value in USD. This means that importers must factor in these costs when calculating the total landed cost of their shipments, which can significantly impact the final price of the necklace in the South Korean market.
Cost Breakdown
| Component | Rate | Amount |
|---|---|---|
| Product Value | — | EUR 0.09 |
| Shipping | — | EUR 0.00 |
| Insurance | — | EUR 0.00 |
| CIF Value | — | EUR 0.09 |
| Customs Duty | 13% | EUR 0.01 |
| VAT/GST | 10% | EUR 0.01 |
| Total Landed Cost | — | EUR 0.11 |
HS Code Classification for Necklace
Primary HS Code: 7117.191000 — What It Covers
The primary HS Code for a necklace is 7117.191000, which covers specific types of jewelry. Korea Customs Service requires accurate classification to avoid fines and potential confiscation of goods due to HS code misclassification.
Why Misclassification Carries Risk in South Korea
Misclassifying a necklace under the wrong HS Code can result in fines and potential confiscation of goods by the Korea Customs Service, making it critical to ensure accurate classification to comply with South Korean customs regulations.
Step-by-Step Guide: Importing Necklace from United Kingdom to South Korea
Step 1: Verify Your HS Code & Product Description
Importers must verify the HS Code and product description of their necklace to ensure compliance with Korea Customs Service requirements. This step is critical in avoiding misclassification and subsequent penalties.
Step 2: Gather Required Import Documents
Korea Customs Service requires specific documents for importing a necklace, including a commercial invoice, certificate of origin, and packing list. These documents must be accurate and complete to avoid delays or penalties.
Commercial Invoice Requirements
A commercial invoice must include the HS Code, product description, quantity, and value of the necklace in USD. This document is critical for calculating duties and taxes.
Certificate of Origin
A certificate of origin is required to certify the country of origin of the necklace, which is the United Kingdom in this case. This document is necessary for determining the applicable duty rate.
Packing List & Shipping Documents
A packing list and shipping documents, such as a bill of lading or air waybill, are required to detail the shipment and facilitate customs clearance. These documents must be accurate and complete to avoid delays.
Step 3: Calculate Your Landed Cost
The landed cost of the necklace is calculated by adding the CIF value in USD, duty (13% of the CIF value), and VAT (10% of the CIF value plus duty). The formula is: CIF + Duty (13%) + VAT (10%) = Total.
Step 4: Submit to South Korea Customs Authority
Importers must submit their shipment details and required documents to the Korea Customs Service for customs clearance. This step is critical in complying with South Korean customs regulations.
Step 5: Pay Duties & Clear Goods
After customs clearance, importers must pay the applicable duties and taxes on their necklace shipment. The goods can then be cleared and released from customs custody.
How to Legally Reduce Duty on Necklace Imports into South Korea
Applicable Free Trade Agreements in 2026
There is no bilateral Free Trade Agreement between the United Kingdom and South Korea that applies to necklace imports. As a result, importers must pay the applicable duty rate of 13%.
Duty Deferral Options: Bonded Warehouses & FTZs
Importers can consider using a Free Trade Zone (FTZ) program or a bonded warehouse to defer duty payments on their necklace shipments. This can help mitigate the financial impact of duties and taxes.
Preferential Tariff Programs
There are no preferential tariff programs that apply to necklace imports from the United Kingdom to South Korea. Importers must pay the standard duty rate of 13%.
South Korea Customs Compliance Rules for Necklace
Korea Customs Service Requirements for Necklace
Korea Customs Service requires importers to comply with the Act on the Promotion of the Electronics Industry, which includes restrictions on the use of certain hazardous substances in electronic components, including those found in some types of necklaces.
De Minimis Threshold
The de minimis threshold for necklace imports into South Korea is 150 USD. Shipments below this value are exempt from duty and taxes, but still require compliance with Korea Customs Service regulations.
Frequently Asked Questions About Necklace Import Duty from United Kingdom to South Korea
What is the duty rate for importing a necklace from the UK to South Korea?
The duty rate for importing a necklace from the UK to South Korea is 13%. Additionally, a 10% VAT is applied to the CIF value plus duty.
Do I need a special product certification for my necklace import?
No, there are no special product certifications required beyond standard customs documentation for importing a necklace from the UK to South Korea.
Can I use a Free Trade Agreement to reduce duty on my necklace import?
No, there is no bilateral Free Trade Agreement between the UK and South Korea that applies to necklace imports, so the standard duty rate of 13% applies.
How do I calculate the landed cost of my necklace shipment?
The landed cost is calculated by adding the CIF value, duty (13% of the CIF value), and VAT (10% of the CIF value plus duty).
What is the de minimis threshold for necklace imports into South Korea?
The de minimis threshold for necklace imports into South Korea is 150 USD, below which shipments are exempt from duty and taxes.
What are the consequences of misclassifying my necklace under the wrong HS Code?
Misclassifying a necklace under the wrong HS Code can result in fines and potential confiscation of goods by the Korea Customs Service.