Regulations Governing the Establishment and Management of Offshore Island Duty-Free Shops Article 17

The maximum storage period of bonded goods in an offshore island duty-free shop and its self-provided bonded warehouse is two years. The period of storage of such bonded goods may be extended for a period of one year, upon approval by the competent Customs Office of the offshore island duty-free shop.The two-year storage period referred to in the preceding paragraph shall commence from the date of initial entry of the bonded goods into storage in the self-provided bonded warehouse of the offshore island duty-free shop.Where bonded goods are transferred from one bonded warehouse to another self-provided bonded warehouse of the offshore island duty-free shop, the storage period shall commence from the date on which the goods were shipped into the original bonded warehouse. Where bonded goods are transferred from a logistics center and subject to a storage time limit publicly announced by Customs, the storage period shall commence from the date on which the goods were shipped into the logistics center.The number of extensions referred to Paragraph 1 approved by the competent Customs Office shall, except in cases of natural disasters, emergencies, or other force majeure events, be limited to once.Where bonded goods stored in the offshore island duty-free shop and the self-provided bonded warehouse that remain unsold upon the expiration of the storage period under Paragraph 1, the goods shall, within thirty days from the day following the expiration date, be either re-exported, returned to the original domestic manufacturer, or declared for duties and taxes payment.