El Deposit Korea Co., Ltd.

Head of Seoul Customs Office

June 3, 2005

Seoul Administrative Court Decision 2004Guhap8538 delivered on July 21, 2004

1. The defendant's appeal is dismissed.

2. The costs of appeal are assessed against the defendant.

1. Purport of claim

The Defendant’s taxation disposition on November 25, 2002, which was issued against the Plaintiff, is revoked.

2. Purport of appeal

The part against the defendant in the judgment of the first instance shall be revoked, and the corresponding plaintiff's claim shall be dismissed.

The court's explanation of this case is the same as the reasoning of the judgment of the court of first instance. Thus, it is citing this as it is in accordance with Article 8 (2) of the Administrative Litigation Act and Article 420 of the Civil Procedure Act.

Therefore, the judgment of the first instance court is just and without merit, and it is dismissed. It is so decided as per Disposition.

Judges Song Jin-jin (Presiding Judge)