Regulations Governing the Establishment and Management of Bonded Warehouses Article 45

The maximum period of storage of the bonded goods stored in a bonded warehouse is two (2) years, and period is non-extendible. However, this storage deadline limitation does not apply to the raw materials used in important domestic industries, the required daily consumer necessities, the substances or materials for important domestic engineering constructions, or other materials approved by the Customs for special purposes.Where the bonded goods are not declared for importation or returned for re-export within the storage period set forth in the preceding paragraph, a fine for overdue declaration will be imposed according to Paragraph 1, Article 73 of the Customs Act; where bonded goods remain undeclared or unreturned after twenty (20) days elapse since the fine is imposed, the case shall be handled in accordance with Paragraph 2 of the same article.Where the owner of bonded goods or the holder of the cargo manifest issues a written statement to abandon the goods before the expiration of the storage period, the goods shall be disposed of according to Article 96 of the Customs Act.