Enforcement Rules of the Foreign Trade Act Article 21-1

Except when stipulated in other regulations, an exporter/importer who is suspended from exporting/importing goods pursuant to the provisions under Article 27-1, paragraph 1 of Article 27-2, or Articles 28 to 30 of the Act shall be allowed to complete importation/exportation of such goods within one month after such punishment, if any one of the following circumstances had occurred before such punishment and is confirmed to be true by TITA:1. The exporter or importer had already obtained an export or import permit which is still valid; or2. The L/C applied for by the importer had already been issued, or payment for goods had already been remitted, or goods had already been shipped out from a foreign country, which can be established by supporting documents; or3. The exporter had received an L/C opened by a bank in a foreign country, or already collected payment for goods, which can be established by supporting documents.The supporting documents referred to in subparagraphs 2 and 3 of the preceding paragraph, shall indicate the name and quantity of the goods.