Plastic Closures Import Duty & Landed Cost: United States to South Korea
Full 2026 tariff breakdown, customs duty calculations, and compliance alerts for importing into South Korea.
2026 Tariff & Cost Breakdown for Importing Plastic Closures
The total cost of importing Plastic Closures from the United States to South Korea includes an 8% duty and a 10% VAT, calculated based on the CIF value in USD. This means that the total cost will be the CIF value plus the duty and VAT, resulting in a significant portion of the overall import cost.
Cost Breakdown
| Component | Rate | Amount |
|---|---|---|
| Product Value | — | EUR 0.06 |
| Shipping | — | EUR 0.00 |
| Insurance | — | EUR 0.00 |
| CIF Value | — | EUR 0.06 |
| Customs Duty | 8% | EUR 0.00 |
| VAT/GST | 10% | EUR 0.01 |
| Total Landed Cost | — | EUR 0.07 |
HS Code Classification for Plastic Closures
Primary HS Code: 3923.501000 — What It Covers
The primary HS Code for Plastic Closures is 3923.501000, which covers a specific type of plastic product. Korea Customs Service requires accurate classification to avoid misclassification penalties.
Why Misclassification Carries Risk in South Korea
Misclassifying Plastic Closures under the wrong HS Code can result in fines and potential confiscation of goods in South Korea, emphasizing the need for accurate classification.
Step-by-Step Guide: Importing Plastic Closures from United States to South Korea
Step 1: Verify Your HS Code & Product Description
Verify the HS Code and product description for Plastic Closures to ensure accuracy and compliance with Korea Customs Service regulations.
Step 2: Gather Required Import Documents
Gather all required import documents, including a commercial invoice, certificate of origin, and packing list, to ensure smooth customs clearance.
Commercial Invoice Requirements
A commercial invoice for Plastic Closures imports must include the country of origin and be signed by the exporter or their authorized representative.
Certificate of Origin
A certificate of origin is required to verify the country of origin and to qualify for preferential tariff programs, such as the KORUS FTA.
Packing List & Shipping Documents
A packing list and shipping documents, such as a bill of lading, are required to facilitate customs clearance and verify the shipment details.
Step 3: Calculate Your Landed Cost
Calculate the landed cost using the formula: CIF + Duty (8%) + VAT (10%) = Total, in USD, to determine the total cost of importing Plastic Closures.
Step 4: Submit to South Korea Customs Authority
Submit the import documents and shipment details to the Korea Customs Service for customs clearance and verification.
Step 5: Pay Duties & Clear Goods
Pay the applicable duties and clear the goods through customs to complete the import process and take delivery of the Plastic Closures.
How to Legally Reduce Duty on Plastic Closures Imports into South Korea
Applicable Free Trade Agreements in 2026
The United States-Korea Free Trade Agreement (KORUS FTA) reduces or eliminates tariffs on qualifying Plastic Closures imported from the United States to South Korea.
Duty Deferral Options: Bonded Warehouses & FTZs
Consider using a Free Trade Zone (FTZ) program or bonded warehouse to defer duty payments on Plastic Closures imports.
Preferential Tariff Programs
Take advantage of preferential tariff programs, such as the Generalized System of Preferences (GSP), to reduce or eliminate duties on Plastic Closures imports.
South Korea Customs Compliance Rules for Plastic Closures
Korea Customs Service Requirements for Plastic Closures
Korea Customs Service requires a KC Mark certification for certain Plastic Closures imports, ensuring compliance with regulatory requirements.
De Minimis Threshold
The de minimis threshold for Plastic Closures imports is 200 USD, below which no duties or taxes are payable, but still subject to Korea Customs Service regulations.
Frequently Asked Questions About Plastic Closures Import Duty from United States to South Korea
What is the HS Code for Plastic Closures?
The HS Code for Plastic Closures is 3923.501000. Korea Customs Service requires accurate classification to avoid misclassification penalties. Verify the HS Code with a licensed customs broker to ensure accuracy.
What is the duty rate for Plastic Closures imports?
The duty rate for Plastic Closures imports from the United States to South Korea is 8%. However, the KORUS FTA may reduce or eliminate tariffs on qualifying imports.
Do I need a certificate of origin for Plastic Closures imports?
Yes, a certificate of origin is required to verify the country of origin and to qualify for preferential tariff programs, such as the KORUS FTA.
Can I use a bonded warehouse to store Plastic Closures imports?
Yes, you can use a Free Trade Zone (FTZ) program or bonded warehouse to store Plastic Closures imports and defer duty payments.
What is the de minimis threshold for Plastic Closures imports?
The de minimis threshold for Plastic Closures imports is 200 USD, below which no duties or taxes are payable, but still subject to Korea Customs Service regulations.
How do I calculate the landed cost of Plastic Closures imports?
Calculate the landed cost using the formula: CIF + Duty (8%) + VAT (10%) = Total, in USD, to determine the total cost of importing Plastic Closures.