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Customs Loosens Regulations Governing Customs Bonded Factories to Simplify Administration and Ease Burden for The Industry

The Ministry of Finance promulgated an amendment to "Regulations Governing Customs Bonded Factories" on 4th June 2021. The amendment aims to provide legal clarity and to support the operational and administrative needs.

The amended provision achieved four objectives, including providing a counseling service for setting up of a bonded factory, simplify the Customs clearance procedures so as to enhance business efficiency, increasing bonded application items that may be submitted electronically to save cost and time, and relaxation restriction on qualifications of personnel dealing with bonded affairs of the Bonded Factory to attract talent for employment. Under the amended regulations, firms can consult the relevant Customs Office for an on-site visit before applying for registration as a bonded factory. Excellent-graded Bonded Factories with Authorized Economic Operator (AEO) certification can discard the scraps and the waste materials without supervision of Customs officials if approved. People who pass senior high school or vocational high school equivalence examination are now also eligible for dedicated personnel dealing with bonded affairs.

The amended regulation has already taken effect, and the Taichung Customs reminds relevant enterprises and individuals to pay attention to the new articles and to protect their rights. For more details, please visit the “Laws & Regulations Database of The Republic of China” website (https://law.moj.gov.tw) or contact the relevant Customs office.

Issued:Secretariat Release date:2021-07-15 Click times:122