Culture and the Arts Reward and Promotion Act Article 30

The imported artifacts, works of art, and specimens to be shown at exhibitions or auctioned may be released before payment of duties and taxes if the domestic or the business/group holding the exhibition or auction who is not the taxpayer provides a letter of guarantee in lieu of a deposit to the Customs Administration.The imported artifacts, works of art, and specimens referred to in the preceding paragraph shall be exempt from duties provided they are to be re-exported within six months following the date of importation or the time period approved of by the Customs Administration. Where goods are not re-exported or re-exported within the allotted time period, the duties or taxies leviable upon them shall be paid by the taxpayer or the guarantor on behalf of the taxpayer.The scope of artifacts, works of art, and specimens referred to in Paragraph 1, the application procedure, the qualifications and conditions of the written guarantor, the extension of the time limit referred to in the preceding paragraph, the removal of guarantee liability, the payment procedure for import duties and other matters shall be prescribed by the central supervisory authority in cooperation with the Ministry of Finance.