Regulations for Bonded Operations in Agricultural Technology Parks Article 14

With regard to the inventory of the Park Enterprises, the date from the last inventory date shall not be less than ten (10) months and shall not longer than fourteen (14) months. Under special circumstances, the Park Enterprises may report to Customs for approval to shorten or extend the duration. Provided that it is deemed necessary, Customs and the Administration may check the inventory at any time.With regard to the inventory check prescribed in the preceding paragraph, if an error is found among the items that were not inspected, the Park Enterprises shall, within two (2) weeks after the inventory check and before the said goods are utilized, apply for a recheck to Customs. Application filed after the deadline shall not be accepted.The Park Enterprises shall, within three (3) months after the inventory check, prepare a statistical list of the inventory of bonded goods and settlement statement of bonded raw materials, along with a certificate of analysis containing the inventory amount of products, semi-finished products, and finished goods, and a certificate of analysis containing finished goods of internal/external marketing, and shall submit the same to Customs for review. However, if an application is submitted for a special reason and approved by Customs, the said period may be extended by one (1) month, and this extension is allowed once only.The Park Enterprises that are qualified for monthly declarations may be exempted from preparing the statistical list of inventory check and bond settlement statement for their machines and equipment, if there is no surplus or shortage after the inventory check of their machines and equipment.With regard to the inventory check prescribed in Paragraph 3 hereof, if the CPA certifies the inventory check and submits the complete certification to Customs within three (3) months after the inventory date, the check may be exempted from the review by Customs.The certificate of analysis containing the inventory amount of products, semi products, and finished goods and the certificate of analysis containing finished goods of internal/external marketing may be preserved in electronic form for record.