For Company H, Lee & Ko provided not only legal advice on the Act on Exceptions to Customs Act to Implement Korea-US FTA, but also delivered advice on substantive issues of law (criteria for determining country of origin) as well as procedural issues (formal requirements such as evidentiary documents for direct transportation), where risks frequently occur in the process of applying Korea-US FTA. Lee & Ko successfully had the Korea-US FTA tariffs applied to health supplements and household supplies imported by Company H.
Specifically, Lee & Ko examined whether the descriptions of products were consistent with the country of origin and checked for any absence and correctness of documents needed to comply with formal requirements such as the documents of direct transportation or certificate of origin, which are often subject to the challenge by customs and tax authorities and may result in the imposition of additional tariffs. In addition, after analyzing past cases where Company H failed to obtain application of the FTA tariff rates due to the lack of evidentiary documents, Lee & Ko provided consultation so that Company H could prepare a complete set of documents necessary for application of the FTA tariff rates, preventing the legal and financial risks that may have arisen from exclusion of conventional tariffs.