Customs Act — Article 48 (Surcharges on Customs Refunds)

When the head of a customs office pays or appropriates customs refunds pursuant to Article 46, he or she shall add an amount calculated according to the interest rate prescribed by Presidential Decree accruing for a period from the initial date in calculating a surcharge on the refund of customs duties, prescribed by Presidential Decree, to the date determination of refund or determination of appropriation is made, to such customs refunds: Provided, That this shall not apply to goods prescribed by Presidential Decree such as goods imported directly by the State or a local government. <Amended on Jan. 1, 2013; Dec. 31, 2019>[This Article Wholly Amended on Dec. 30, 2010][Title Amended on Jan. 1, 2013]