Regulations Governing the Bonding Operations in Science Parks Article 8

A park enterprise shall keep account books for bonded goods, and shall submit the same to the Customs for examination and stamping. After Customs' examination and stamping, such books shall be used for recording, in the manner as required by the Customs, the running details of the quantities of merchandises entered into and released from the warehouses, the in-stock balance of merchandises, and the records, and shall be made available all the time for the examination and auditing of the Customs and the Park Bureau.Where the non-bonded raw materials and supplies imported by a park enterprise are interchangeable with other bonded raw materials and supplies, they shall both be entered into the accounts of relevant raw materials and supplies for control, and the consumption records thereof shall, at the closing of each fiscal year, be separately indicated in the annual statements for consolidated computation.The account books and statements relating to bonded goods of a park enterprise shall be preserved for a period of five years, and other relevant certificates and evidence shall be preserved for a period of three years after the close of annual inventory check taking process.After close of the annual inventory check taking process and with approval of the Customs, a park enterprise may have the data and entries contained in the bonding operation-related account books and statements referred to in the preceding Paragraph recorded in sequence on micro-films, magnetic tapes, hard discs, compact discs or any other electronic storage media for preservation in accordance with the pre-established term of preservation, and then may destroy the original copies thereof. In case the Customs has a need to copy such statements, evidence, and other relevant documents in the course of conducting an investigation prescribed under the law, the said park enterprise shall have the obligation to provide the duplicate copies as required.A park enterprise shall keep account books as required by Paragraph 1, Article 26 of the Act, for the examination and auditing of the Park Bureau and the Customs.