Management Regulations Governing Bonded Business in Technology Industrial Parks Article 32

When business entities borrow, lend, or return bonded raw materials, semi-finished products, or finished products, they shall submit the application jointly signed by both parties for business entities borrowing or lending raw materials, semi-finished products, and finished products to Customs within five days after the aforesaid items entered or exited the Parks (factories).The commodities specified in the previous paragraph must be returned within three months following the lending date. If the commodities haven’t been returned past the due date, or if business entities fail to apply for closing the case at Customs, the regulations stipulated in Article 27 and 30 shall apply.With the approval of the BIP or the branches, business entities may lend the bonded machinery or equipment to other business entities located in the same Park. Also, within five days of lending (borrowing) the above machinery or equipment, the lender and the borrower shall jointly fill in a Non-Trade Application of Business Entity, and then apply to Customs.The machinery or equipment stated in the previous paragraph cannot be borrowed for more than one year, and should be returned to the lender right at the expiration. However, in special circumstance, business entities may explain the reason and apply to the BIP or the branches for an extension prior to the expiration; such an extension should not exceed one year and can only be applied for once. In case that the machinery or equipment is overdue, Article 27 and Article 30 shall be complied with.