Regulations Governing the Bonding Operations in Science Parks Article 7

A park enterprise shall, within one month from the date following the date of its manufacture of a new product and prior to its release of such products from the Park, prepare a "Bill of Materials" for the new product and submit the same to the Customs for recordation. In the event that the new product involved has been released from the Park before submission of the aforesaid documents to the Customs for recordation, the raw materials used for such new product shall not be deducted from the stock accounts.The time limit mentioned in the preceding paragraph may be extended with the special approval of the customs due to product characteristics or special requirements for practical operations.In case of any doubt that the aforesaid "Bill of Materials" contains untrue information, the Customs may conduct an audit on the said Bill, and request a description of the manufacturing process relating to the new product and other relevant documents that are conducive to performing the audits.