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Customs Act — Article 177 (Storage Period)

관세법 제177조

This English translation is based on the Korean text effective 2023-06-05. The Korean law has since been amended (current version effective 2026-10-02) — check the Korean original.

(1) A period for storing goods in any licensed bonded area shall be as follows:

1. Bonded warehouses: A period fixed under any of the following items:(a) Foreign goods (excluding goods falling under item (c)): A period fixed by the Commissioner of the Korea Customs Service within the limit of one year: Provided, That if the Commissioner of the Korea Customs Service deems it necessary to extend such period, the period may be further extended by up to one year;(b) Domestic goods (excluding goods falling under item (c)): A period fixed by the Commissioner of the Korea Customs Service, which shall not exceed one year;(c) Goods stockpiled by the Government, goods stockpiled for the defense industry to fulfill any contract with the Government, raw materials used to manufacture export goods and goods used to repair export goods, which are recognized by the head of a customs office, and the goods prescribed by the Commissioner of the Korea Customs Service for the promotion of international logistics: A period necessary for stockpiles thereof;

2. Other licensed bonded areas: A license period for the relevant licensed bonded area.

(2) When the head of a customs office deems it necessary to manage goods, he or she may order any operator to ship goods out of any licensed bonded area even within the period provided for in paragraph (1) 1.[This Article Wholly Amended on Dec. 30, 2010]

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Korean original (law.go.kr) · Get articles as JSON via API

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