Possibility of Parallel Importing Overseas Brand Sneakers and Customs/Tax Issues
Machine translated
I am a novice seller who has just registered a business (Type: Wholesale and Retail / Item: E-commerce Retail). I am planning to import sneakers from a specific sports brand through an acquaintance overseas, and I am debating whether to bring them in via parallel import for resale or to start with a purchasing agency model. Since this is a small-capital startup, I intend to order a small quantity (10–30 pairs). The product conditions are that the exporting country is overseas, and the route involves transit through an overseas location followed by sea freight into the country. My questions are as follows:
1. Is parallel importing possible with my current business registration certificate?
2. If I import them through business customs clearance via a shipping agent, how much will the additional costs, such as taxes, be?
3. My foreign business partner says they can email me the purchase history (invoice) and claims the products are official distribution items from the brand's overseas corporation, but I cannot obtain official brand documentation. Will there be any issues later if there is a dispute regarding authenticity?
4. If I import and sell products through this distribution process, can the brand's domestic corporation raise any legal issues?
5. Aside from question number 2, what other taxes might arise in the future?
Answer 1
- 0You inquired about the possibility of parallel importation and the estimated costs. You can check whether parallel importation is permitted on the Korea Customs Service website. I am providing guidance based on previous online consultations from the Korea Customs Service regarding similar questions; you can also find the details required for customs clearance on that same website. Generally, if you proceed with a purchase based on uncertain information, you may incur significant costs such as return shipping or disposal if issues arise later. 1. Import customs clearance can be processed using the relevant business registration certificate. 2. Additional information, such as the exact type and material of the product, is required. 3. The documents required for import customs clearance include the Invoice and Packing List from your supplier. 4. After signing up and logging in to the Korea Customs Service website, you can check the possibility of parallel importation by searching under the Intellectual Property Rights menu. 5. Typically, import duties and import VAT are incurred, and the rates may vary depending on the attachment of documents such as a Certificate of Origin. For an accurate answer, we recommend that you prepare your current documents and consult with a customs broker.Machine translated
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