Management Regulations Governing Bonded Business in Technology Industrial Parks Article 27

When a business entity sells bonded commodities to another business entity in the same Park, both the seller and buyer may proceed directly with the transaction without having to acquire permits and file customs declaration; however, both parties shall jointly fill in and sign the transaction application of business entities in the Park and file the application with Customs within 5 days after the transaction; both parties may also jointly fill in and sign the declaration form and pay taxes to Customs.Delivery and reception of bonded commodities between business entities without transactions involved shall follow the regulations in the preceding paragraph.For the activities stated in the previous two paragraphs, business entities shall file a monthly report by the 15th day of the following month by the method stipulated in Article 7. For those who file declaration by paying taxes, they should follow the regulations regarding importing commodities for domestic sales in Article 29.Business entities shall report the transaction amounts stated in the 1st paragraph to the BIP or the branches prior to the deadline prescribed in the previous paragraph.