(1) When the Commissioner of the Korea Customs Service deems it unnecessary to keep a general bonded area due to decreases in the quantity of goods shipped into or out of such general bonded area and other grounds prescribed by Presidential Decree, he or she may revoke the designation thereof.
(2) Where the operator of a place of general bonded business falls under any of the following subparagraphs, the head of a customs office may suspend him or her from performing his or her general bonded functions for up to six months: <Amended on Dec. 31, 2018>
1. Where he or she violates the duties to maintain facilities prescribed in Article 202 (1);
2. Where there is a decrease in the quantity of goods shipped into or out of a general bonded area in connection with the general bonded functions performed by the operator;
3. Where there is no record of foreign goods shipped into or out of the general bonded area continuously for one year.
(3) Where the operator of a place of general bonded business falls under any of the following subparagraphs, the head of a customs office shall order to shut down the place of general bonded business: <Newly Inserted on Dec. 31, 2018>
1. Where a report on the establishment and operation of a place of general bonded business is filed 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 such operator permits any other person to operate the place of general bonded business using such operator's name or trade name.[This Article Wholly Amended on Dec. 30, 2010]