Women's Knitted Socks 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 Women's Knitted Socks
The total cost of importing Women's Knitted Socks from Vietnam to South Korea includes a 10% duty and 0% VAT, calculated based on the CIF (Cost, Insurance, and Freight) value in USD. This means that for every $100 of CIF value, you will pay $10 in duty, with no additional VAT.
Cost Breakdown
| Component | Rate | Amount |
|---|---|---|
| Product Value | — | EUR 220.00 |
| Shipping | — | EUR 0.00 |
| Insurance | — | EUR 0.00 |
| CIF Value | — | EUR 220.00 |
| Customs Duty | 10% | EUR 22.00 |
| VAT/GST | N/A | EUR 0.00 |
| Total Landed Cost | — | EUR 242.00 |
HS Code Classification for Women's Knitted Socks
Primary HS Code: 6203.431330 — What It Covers
The primary HS code for Women's Knitted Socks is 6203.431330, which covers specific types of socks made from knitted fabrics. Korea Customs Service requires accurate classification to avoid penalties.
Why Misclassification Carries Risk in South Korea
Misclassifying Women's Knitted Socks under the wrong HS code can result in a penalty of up to 10% of the total duty payable, as imposed by the Korea Customs Service.
Step-by-Step Guide: Importing Women's Knitted Socks from Vietnam to South Korea
Step 1: Verify Your HS Code & Product Description
Verify the HS code 6203.431330 and ensure your product description matches the classification. Women's Knitted Socks must be accurately described to avoid issues with Korea Customs Service.
Step 2: Gather Required Import Documents
Gather all necessary documents, including a commercial invoice, certificate of origin, and packing list. The Korea Customs Service requires these documents for customs clearance.
Commercial Invoice Requirements
The commercial invoice must include the country of origin, HS code, and product description. This document is crucial for Korea Customs Service to assess duties and taxes.
Certificate of Origin
A certificate of origin is required to verify the country of origin and take advantage of preferential tariffs under VKFTA. This certificate must be issued by the exporter or manufacturer.
Packing List & Shipping Documents
A packing list and shipping documents, such as a bill of lading or air waybill, are necessary for customs clearance and verification of the shipment.
Step 3: Calculate Your Landed Cost
Calculate the landed cost using the formula: CIF + Duty (10%) + VAT (0%) = Total, in USD. For example, if the CIF value is $100, the duty would be $10, and the total landed cost would be $110.
Step 4: Submit to South Korea Customs Authority
Submit the customs declaration and required documents to the Korea Customs Service for clearance. Ensure all documents are accurate and complete to avoid delays or penalties.
Step 5: Pay Duties & Clear Goods
Pay the calculated duties and taxes, and clear the goods for delivery. The Korea Customs Service will verify the customs declaration and required documents before releasing the goods.
How to Legally Reduce Duty on Women's Knitted Socks Imports into South Korea
Applicable Free Trade Agreements in 2026
The VKFTA (Vietnam-Korea Free Trade Agreement) reduces or eliminates tariffs on Women's Knitted Socks imported from Vietnam to South Korea. This FTA can significantly reduce duty costs.
Duty Deferral Options: Bonded Warehouses & FTZs
Consider using a Free Trade Zone (FTZ) program to defer duty payments on Women's Knitted Socks until they are sold or used in South Korea.
Preferential Tariff Programs
Take advantage of preferential tariff programs, such as GSP (Generalized System of Preferences) and VKFTA, to reduce duty rates on Women's Knitted Socks imports.
South Korea Customs Compliance Rules for Women's Knitted Socks
Korea Customs Service Requirements for Women's Knitted Socks
The Korea Customs Service requires a Commercial Invoice with specific details, including country of origin, HS code, and product description, for Women's Knitted Socks imports.
De Minimis Threshold
The de minimis threshold in South Korea is $200 USD, below which no duties or taxes are payable on Women's Knitted Socks imports.
Frequently Asked Questions About Women's Knitted Socks Import Duty from Vietnam to South Korea
What is the duty rate for Women's Knitted Socks from Vietnam to South Korea?
The duty rate for Women's Knitted Socks from Vietnam to South Korea is 10%. However, this rate may be reduced or eliminated under the VKFTA. Verify with a licensed customs broker for specific details.
Do I need a certificate of origin for Women's Knitted Socks imports?
Yes, a certificate of origin is required to verify the country of origin and take advantage of preferential tariffs under VKFTA.
What is the HS code for Women's Knitted Socks?
The primary HS code for Women's Knitted Socks is 6203.431330. Accurate classification is essential to avoid penalties and ensure compliance with Korea Customs Service requirements.
Can I use a bonded warehouse to store Women's Knitted Socks in South Korea?
Yes, you can use a Free Trade Zone (FTZ) program to store Women's Knitted Socks in South Korea and defer duty payments until they are sold or used.
What is the de minimis threshold for Women's Knitted Socks imports in South Korea?
The de minimis threshold in South Korea is $200 USD, below which no duties or taxes are payable on Women's Knitted Socks imports.
How do I calculate the landed cost of Women's Knitted Socks imports?
Calculate the landed cost using the formula: CIF + Duty (10%) + VAT (0%) = Total, in USD. For example, if the CIF value is $100, the duty would be $10, and the total landed cost would be $110.