(1) Where the operator of a licensed bonded area falls under any of the following subparagraphs, the head of a customs office may suspend the shipment of goods into such licensed bonded area, any bonded construction work, bonded sale, bonded exhibition, etc. (hereafter referred to in this Article, as "shipment, etc. of goods into a licensed bonded area") for up to six months, as prescribed by the Commissioner of the Korea Customs Service: <Amended on Dec. 31, 2019>
1. Where he or she is deemed financially incapable of paying customs duties on stored goods;
2. Where he or she or his or her employee violates this Act or any order issued under this Act;
3. Where it is deemed difficult to attain the objective of establishing such licensed bonded area due to the insufficiency of the relevant facilities, etc.;
4. Other causes prescribed by Presidential Decree which are equivalent to subparagraphs 1 through 3.
(2) Where the operator of a licensed bonded area falls under any of the following subparagraphs, the head of a customs office may revoke his or her license: Provided, That where the operator of a licensed bonded area falls under subparagraph 1, 2 or 5, the head of a customs office shall revoke his or her license: <Amended on Dec. 31, 2011; Dec. 23, 2014; Dec. 20, 2016; Dec. 31, 2018>
1. Where he or she has obtained a license by fraud or other improper means;
2. Where such operator falls under any subparagraph of Article 175: Provided, That this shall not apply to cases falling under subparagraph 8 of Article 175, if a corporation which has a person falling under subparagraph 2 or 3 of the same Article as its executive officer replaces the relevant executive officer within three months;
3. Where he or she has been subject to a disposition to suspend the shipment of goods into his or her licensed bonded area on at least three occasions within one year;
4. Where the head of a customs office deems it impractical to achieve the objective of establishing his or her licensed bonded area because no goods have been shipped into his or her licensed bonded area for at least two years;
5. Where he or she lends his name, in violation of Article 177-2.
(3) Where a disposition taken to suspend the shipment, etc. of goods into a licensed bonded area pursuant to paragraph (1) causes serious inconveniences to its users or harms public interests, the head of a customs office may impose a penalty surcharge equivalent to 3/100 or less of sales accruing from the operation of the licensed bonded area in lieu of a disposition taken to suspend the shipment, etc. of goods into the licensed bonded area. In such cases, matters necessary for the computation of sales, the amount of penalty surcharges, the due date for the payment of penalty surcharges, etc. shall be prescribed by Presidential Decree.
(4) Article 26 shall apply mutatis mutandis to the collection of a penalty surcharge where a person liable to pay the penalty surcharge referred to in paragraph (3) fails to pay it by the payment due date.[This Article Wholly Amended on Dec. 30, 2010]