Application of 11 steel and nonferrous metals, 2 automobiles, 2 chemicals, 9 secondary batteries, and 2 renewable energy
This year, quota tariffs are applied to a total of 60 items, including 26 items of imported products related to steel and nonferrous metals.
The Ministry of Trade, Industry and Energy (Minister Sung Yun-mo) announced that from January 1, 2021, quota tariffs will be applied to 60 items under the jurisdiction of the Ministry of Industry in order to strengthen the competitiveness of new and key industries.
The allocation of tariff items under the Ministry of Industry is a total of 60 items, with 11 new items such as hydrogen cars and core materials for secondary batteries this year, from 49 items continued last year, and from January 1st to December 31st, 2001 Apply.
Assigned tariff (Article 71 of the Customs Act) refers to a tax rate (0 to 4%) lower than the basic tax rate (3 to 8%) for one year each year for industrial raw and subsidiary materials that need to strengthen industrial competitiveness and stabilize prices due to a surge in import prices. Is the tariff that applies.
In the case of items with limited import quantity, you can receive tariff benefits by applying for and issuing a recommendation letter online to a recommending agency and attaching a quota application and recommendation letter to Unipass to receive customs duties.This year, the contents of the 60 items under the Ministry of Industry Is as follows.
First, the tariff rate will be cut to 0-4% on 23 items to strengthen the competitiveness of major industries such as steel, automobiles, and chemicals.
In the field of steel and non-ferrous metals, 11 carbon electrodes, ferrochromium, coke, paste, ferronickel, ferroniobium, titanium ingots, nickel ingots, precious metal residues, ferro-titanium, 2 in the automotive field, silicon in the chemical field Two of them are metal and titanium dioxide.
Among them, 11 items such as carbon electrodes have been applied continuously, and four items, including ferro titanium for high value-added steel production, rhodium and palladium used for automobile exhaust gas reduction catalysts, and silicon metal, a raw material for solar panels. These are items subject to new application.
In the new industry, the tariff rate on 11 items used for secondary batteries and renewable energy will be reduced to 0%.
In the secondary battery field, 9 items including cobalt sulfate, sintering furnace (anode material, anode material), lithium cobalt oxide, lithium nickel cobalt manganese oxide, lithium nickel cobalt aluminum oxide, electrode, graphite compound, artificial graphite, copper foil, and renewable energy In the field, two items, such as separators and platinum catalysts, are subject to application.
The new target item is platinum catalyst, and excluding copper foil with a limit quantity of 3,000 tons, tariffs on all imports are exempt.
The Ministry of Industry said, “Through this quota tariff support, we expect to alleviate the management burden of the industry, including the effect of tariff support of about 400 billion won per year.” “Developing new materials, parts and equipment industries, recovering vitality of key industries, accelerating the conversion of hydrogen economy I am looking forward to the back.”
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