(1) When any goods manufactured in a bonded factory are imported and an application for taxation on the foreign goods, which are raw materials of the relevant goods, has been filed with the head of a customs office in advance before a use report pursuant to Article 186 is filed, customs duties shall be assessed in accordance with the nature and quantity of the raw materials at the time the use report is filed pursuant to Article 186, notwithstanding Article 16.
(2) The head of a customs office may permit the bonded factory satisfying the standards prescribed by Presidential Decree to file an application by raw material or goods, or for the entire bonded factory pursuant to paragraph (1) within the extent of one year.[This Article Wholly Amended on Dec. 30, 2010]