(1) If it is impossible to determine the customs value of any imported goods using the methods provided in Articles 30 through 33, the customs value of such goods shall be determined based on a value computed by summing up the following amounts: <Amended on Jan. 1, 2013>
1. The cost of raw materials used to produce the relevant goods, and the expenses incurred in assembling and processing the relevant goods or the price thereof;
2. An amount equivalent to profit and general expenses usually reflected when a producer of goods of the same kind or class as the relevant goods in an export country sells such goods to export to the Republic of Korea;
3. An amount determined under Article 30 (1) 6, as freight, insurance fees and other transportation costs of the relevant goods to the port of entry.
(2) Where a person liable to pay duties fails to submit necessary data to confirm the amounts prescribed in the subparagraphs of paragraph (1), such person may be exempted from the application of paragraph (1). <Newly Inserted on Jan. 1, 2013>[This Article Wholly Amended on Dec. 30, 2010]