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Laws › Customs Act › SUB-SECTION 2 Sale of Goods with Expired Storage Period

Customs Act — Article 208 (Goods Subject to Sale and Procedures for Sale)

관세법 제208조

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) Where a period for storing foreign goods shipped into a bonded area , the head of a customs office may sell the relevant goods after publishing such fact: Provided, That any of the following goods may be sold even before the expiration of their storage period after publishing their sale: <Amended on Dec. 31, 2022>

1. Live animals and plants;

2. Goods decomposed or feared to be decomposed;

3. Goods likely to damage any warehouse or foreign goods;

4. Goods not available for use or likely to suffer a sharp diminution in their commercial value, if a specified period expires;

5. Goods requested to be sold by their owner, among those prescribed by the Commissioner of the Korea Customs Service;

6. Imported goods (limited to foreign goods under subparagraph 4 (a) of Article 2) seized by the head of a customs office for compulsory collection under Article 26, forced collection under Article 30 of the National Tex Collection Act, and a disposition on delinquency under Article 39-2 of the Local Tax Collection Act.

(2) Where goods the storage period of which expires fall under paragraph (1), and it is too urgent to give public notice of a sale, such notice may be given after their sale.

(3) The pledgee or lien holder of goods sold shall transfer the relevant goods to a purchaser, notwithstanding other statutes or regulations.

(4) In any of the following subparagraphs, the head of a customs office may outsource the sales of the goods referred to in paragraph (1) to an institution prescribed by Presidential Decree (hereafter referred to in this Section as "sales agent"): <Amended on Dec. 21, 2021>

1. Where it is intended to sell goods through an electronic document in a cybermall to ensure the speedy sale of such goods;

2. Where expert knowledge is required for the sales of goods;

3. Where it is deemed inappropriate for any customs office to sell the goods directly due to extenuating circumstances.

(5) Where the sales of goods are outsourced to a sales agent pursuant to paragraph (4) (including where dealing with the balance of proceeds from sale under Article 211 (6) is outsourced to a sales agent), the head of the sales agent shall be deemed as the head of the customs office.

(6) Where the sales of goods are outsourced to a sales agent under paragraph (4), the head of a customs office shall pay outsourcing fees, etc. to the sales agent, taking into account expenses incurred in selling such goods, as prescribed by Ordinance of the Ministry of Economy and Finance.

(7) Deleted. <Dec. 20, 2016>

(8) Matters necessary for the sales of goods outsourced to a sales agent under paragraph (4), shall be prescribed by Presidential Decree.[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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