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A valid Certificate of Origin is required for request of tariff preference by importer.
Each Party shall:
| (a) |
require an exporter in its territory to complete and sign an application for certificate of origin for any good which an importer may claim preferential tariff treatment on importation of the good into the territory of the other Party; and |
| (b) |
provide that where an exporter in its territory is not the producer of the good, the exporter may complete and sign an application for a certificate of origin on the basis of: |
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| i) |
the exporter's knowledge that the good qualifies as an originating good; or |
| ii) |
the exporter's reasonable reliance on the producer's written representation that the good qualifies as an originating good. | |
The issued certificate of origin shall be valid for 12 months from the date of issue. The certificate should be kept up to five years from date of issuance.
The following bodies are authorised to issue Certificate of origin for the purposes of Chapter 5 (Customs Procedures):
| (a) |
or Korea: |
Korea Customs Service, Korean Chamber of Commerce and Industry, any body authorised by the Government of Korea, in accordance with its laws and/or regulations, terms and conditions; and |
| (b) |
for Singapore: |
Singapore Customs, any body authorised by the Government of Singapore, in accordance with its laws and/or regulations, terms and conditions. See Annex 5C |
Advanced Ruling
Under the KSFTA, the importing customs authority will provide an advance ruling on the eligibility of originating goods for preferential tariffs and tariff classification, upon the request of the trader. This will provide traders with greater certainty on the status of their goods at the country of import.
Before exporting, the exporter seeking an advance ruling should through the Singapore Customs submit an application for tariff classification and provide details on country of origin so as to determine whether the good qualifies as an originating good. The provision of advance ruling is based on the facts and circumstances presented by the person requesting the ruling.
The importing Party may modify or revoke the issued ruling:
| (a) |
if the ruling was based on an error of fact; |
| (b) |
if there is a change in the material facts or circumstances on which the ruling was based; |
| (c) |
to conform with an amendment to the KSFTA; or |
| (d) |
to conform with a judicial or administration decision or a change in its domestic laws and regulations. |
The importing Party shall apply the advance ruling for 3 years from the date of issuance of the ruling.
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