Regulations Governing the Establishment and Management of Bonded Warehouses Article 11

The applicant is required to pay a guarantee bond of NT$300,000 to the Customs upon the official approval and registration of the bonded warehouse under application; however this requirement for a guarantee bond is not applicable to the bonded warehouses established by government agencies or state-run enterprises.A bonded warehouse approved for autonomous management that has been operational for at least three years is required to submit a guarantee bond of NT$3,000,000; whereas one whose period of operation is under three years is required to submit a guarantee bond of NT$6,000,000. However, in the case of a bonded warehouse located inside a control area or a container terminal authorized for autonomous management by Customs, the guarantee bond is NT$300,000.Where the duty and taxes (fees) payable for the bonded goods stored in a self-provided bonded warehouse and the goods which are sold to the manufacturers located inside a tax zone and released from the warehouse in advance on a monthly consolidated declaration exceed the amount of the guarantee bond referred to in the preceding paragraph, the bonded warehouse shall actively make up a deficiency in guarantee bond.Stipulations regarding the deposits set forth in paragraph 2 for self-provided bonded warehouse exclusively for storing goods to be sold in duty-free shops or offshore islands duty-free shops referred to in the proceeding paragraph ,shall apply mutatis mutandis.The amount of guarantee deposit to be paid for self-provided bonded warehouse to store the goods from the city duty-free shops or city duty-free outlet/shop is NT$ 20 million. However, for the city duty-free shops that do not store the bonded goods, the stipulations set forth in the second paragraph shall apply mutatis mutandis.The provision of the guarantee bond , referred to the preceding five paragraphs , shall be governed by Article 11 of the Customs Act.