Regulations Governing the Bonding Operations in Science Parks Article 19

The transaction whereby a manufacturer or firm in tax zone sells or supplies machinery, equipment, raw materials, supplies or semi-finished products to a park enterprise for its own use shall be regarded as export, according to Article 25 of the Act. The seller and the buyer shall jointly fill out an application for export and file the same together with necessary documents for clearance of goods with the Customs for customs clearance. Upon approval of such applications, the Customs shall issue to the seller the duplicate copy of the export application for goods regarded as exports against which the seller may apply for tax offsetting, refund, exemption and/or reduction.Regarding the preceding Paragraph, enterprises qualified for performing the self-check-and-inspection of goods to be entered in and/or released from the Park and for making a consolidated monthly report of such operations may report the transaction to the Customs as part of its consolidated monthly report, on or before the 15th day of the month following the transaction.