| [1] Definition |
- A procedure that allows exporting through a recommending authority if goods are restricted for exporting.
- It is generally formed in negative list system. |
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[2] Subject for export license |
| - Goods restricted to export according to the related laws |
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[3] Importance of export license |
(1) Whether the applicant is qualified for license
(2) If import/export is restricted due to related laws, meet the restriction items.
(3) Import/export region should be free of restriction regards to the related law.
(4) Payment currency and payment method should be recognized transaction against foreign
currency Act.
(5) H.S application should be appropriate
(6) Import fine should have been paid (For domestic import only) |
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[4] Required documents |
(1) Export license application
(2) Export L/C or sales contract (D/A, D/P etc.), Offer sheet
(3) Contract for export service (If done by agency)
(4) Certificate of Bills Purchased in Foreign Currency (for remittance base method)
(5) Certificate of foreign currency deposit (If advance remittance base)
(6) Design certificate for exporting goods (Designated goods)
(7) Other documents required by the export licensing organizations |
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[5] Changing export license items (Identical to changing import license) |
| - Changing export license items by authority of a customs |
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1. HS code and items (If not restricted items)
2. Standards and weight (If fulfilled restricted conditions and if unit price or amount is unchangeable if the items are restricted goods)
3. For the goods reported as open general license goods or small sum export license goods, a inspection is rendered accordingly. For the payment whether it is in accordance with irrevocable documentary L/C, it can be confirmed and approved with the L/C No. that is indicated. |
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[6] Waiver for export license (Refer to import license waiver) |
(1) Meaning of system
(2) In case export license is waived
(3) Applying principles
(4) Export license waiver procedure |
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1. Goods waived for export license
2. Vessel arrival
3. Goods unload
4. Goods Carrying in to bonded area
5. Check apparatus
6. Reporting Export |
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| - Air-consigned cargo with Non-Draft export under ~ US currency FOB based: Eliminate export declaration by presenting bundle list (Prepare an invoice if in inevitable case). |
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7. Goods inspection
8. Customs clearance |
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- Required documents
- Exporting application
- Export license waiver statement
- A document able to proof export license waiver (If difficult to clear customs with a waiver statement only)
- A confirmation or a letter of recommendation in accordance with related law etc. (For the said goods only)
- Packing list (For the goods subject for inspection only) |
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9. Export permit
10. shipping |
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[7] Approve export in small amount |
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- A system that allows export without a license when the export is a small sum with
certain qualification.
- The time when export is registered to a customs is regarded as a export approval date.
Unlike export license waiver, the collection of export earning must be executed within the fixed period. |
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- Goods that are not restricted or prohibited for export in accordance with related law.
- Payment method in irrevocable sight bill documentary L/C method and the goods
amount is under certain amount. |
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1. Export contract
2. receive Irrevocable L/C
3. Report export
4. Check whether it fulfills small amount export license requirements,
5. Export permit
6. Ship export goods
7. Collect export earning
8. ex post facto management |
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[8] Extending export license validity period (Identical to import license validity period) |
(1) Definition
(2) Extending import license validity period for the newly restricted importing goods
(3) Procedures |
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[9] Open export License |
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- instead of going to a process to acquire a export license on each export for the
identical goods repeatedly, this open general license allows exporting continuously for
fixed period when qualified for ceratin requirement.
- For the exports acquired this license, the collection of export earning must be executed
within the fixed period as per each reported exportation. |
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- Goods that are not restricted or prohibited for export in accordance with related law.
- Payment method in irrevocable sight bill documentary L/C method.
- The exporter who successfully exported the goods (based on the 10 unit of HS ) that
were subjected to acquired the open general license for certain number of times in
the prior year or 1 year prior to applying for the open general license (Counting from
the last day of applying month to ~year) .
- The export who received open general license in accordance with the related law if goods to receive open general license are strategic goods. |
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<1> Issue or request a confirmation of number of export frequency per items
<2> Apply open general license
<3> Approve open general license
<4> Receive either a exporting contract or a irrevocable sight bill documentary L/C
<5> Report exporting
<6> Export permit
<7> Ship goods to export
<8> Collect export earning
<9> ex post facto management |
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[10] Export license by the chief of export recommending authority |
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| - A system which in order to avoid license procedure from a export license organization to receive a license again, fixed range for payment method and goods are prescribed to be consider it as a export license. |
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| <1> Goods subjected to approval |
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| - Goods recommended by export recommending authority (Including automatic license goods that are recommended together included in the same letter of recommendation) |
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| <2> Importance of payment |
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1. L/C method (At Sight L/C or Usance L/C method within ~ years)
2. D/P method or D/A method within ~ years
3. Remittence method (Under certain amount)
4. Mixture method of above payment method |
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<1> Sales contract
<2> Receive cash or L/C
<3> Export license application (Recommending authority)
<4> Execute exporting process
<5> Export completed |
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[11] Export license ex post facto management (Identical to import license ex post facto
management ) |
(1) Definition
(2) Payment process approval for export/Import |
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| - export earning uncollected approval |
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1. Payment impossible to collect due to Insolvency of the business party . the
transaction party is missing and force majure that corresponds to such and these
are confirmed by the local bank, KOCHAM or other public organizations.
2. Due to the transaction parties' dispute, some portions of the payment are to be
reduced or used as expense and such are confirmed by a arbitrary organization, a
court or by the insurance organization.
3. If for the refusal rejection of the other party or taking over rejection, there is
agreed reduced amount from a export earning (Exclude if transaction is between
the branch office) and if it had been proved by a correspondent bank - a
investigation rganization - a notary public or other public organizations.
4. Due to the other party's payment refusal and take over refusal, export earning is
difficult to collect and that there is actually no real profit from the collection of the
exporting goods. |
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| - Exception for payment process approval (Waive ex post facto management) |
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(3) Procedures
(4) ex post facto management report |
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Trade Helper 
Ex-Import Procedure(to Way of Payment)
Export-Import procedure according to the Irrevocable Documentary Credit method
Export Licence (E/L) (If needed)
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