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Laws › Customs Act › SUB-SECTION 5 Special Emergency Tariffs on Agricultural, Forest and Livestock Products

Customs Act — Article 68 (Special Emergency Tariffs on Agricultural, Forest and Live-stock Products)

관세법 제68조

This English translation is based on the Korean text effective 2023-06-05. The Korean law has since been amended (current version effective 2026-10-02) — check the Korean original.

(1) Where the import volume of agricultural, forest and livestock products, to which a tariff concession was made at a rate equivalent to the difference between domestic and foreign prices pursuant to Article 73, sharply rise or their import prices fall, a tariff exceeding the rate of the tariff concession (hereinafter referred to as "special emergency tariffs") may be assessed, as prescribed by Presidential Decree.

(2) Goods subject to the assessment of the special emergency tariff, tariff rates, deadline for application, volume, etc. shall be prescribed by Ordinance of the Ministry of Economy and Finance.[This Article Wholly Amended on Dec. 30, 2010]

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