(1) Customs duties may be reduced or exempted on any of the following imported goods, which are difficult to be manufactured in Korea:
1. Machinery, appliances, facilities and equipment prescribed by Ordinance of the Ministry of Economy and Finance as goods used to prevent emissions of pollutants (including noise and vibration) or treat pollutants;
2. Machinery and appliances prescribed by Ordinance of the Ministry of Economy and Finance as goods used to treat wastes (including recycling);
3. Factory automation machines, appliances, facilities and equipment (including its component appliances) and their key parts prescribed by Ordinance of the Ministry of Economy and Finance as machinery or electronic technology-applied goods or data-processing technology-applied goods.
(2) If customs duties are reduced or exempted in accordance with paragraph (1), a period and rate for such duty reduction and exemption shall be prescribed by Ordinance of the Ministry of Economy and Finance.[This Article Wholly Amended on Dec. 30, 2010][Title Amended on Dec. 22, 2020]