Regulations Governing the Bonding Operations in Science Parks Article 42

Where a park enterprise ships out products or finished goods for trading purposes out of the Park for display, it shall fill out an "Exhibition Application for Park Enterprise Tradable Merchandise and Products" and file the same with the Customs for its review and approval and shall pay to the Customs the security deposit for the release of such products. When these products or tradable merchandises return to the park, a "Re-Entry Application for Park Enterprise Exhibition Products and Tradable Merchandise" shall be filed with the Customs to close the case. This process may be conducted through electronic communication.Where the value of the products or tradable merchandise referred to in the preceding Paragraph is not more than the maximum amount as prescribed by the Customs, the park enterprise may be exempted from the payment of the security deposit and may apply to the Customs for release thereof from the Park. For those enterprises that are 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, the application to the Customs for release may be exempt.The duration of off-the-park display of the products or tradable merchandise of a park enterprise shall not exceed six (6) months, subject to an extension under special circumstance upon an application to be filed prior to the expiration of the foregoing time limit, provided that the aggregate period of display shall not exceed one (1) year. The products shipped out for display shall be shipped back to the Park upon expiration of the period of such display. For products not returned to the Park beyond said time limit, the supplementary customs duties and taxes shall be paid within ten (10) days after the expiration of the said time limit.