(1) The Commissioner of the Korea Customs Service may provide an authorized economic operator certified pursuant to Article 255-2 (hereinafter referred to as "AEO") with such benefits in the procedures for customs clearance and customs administration matters as prescribed by Presidential Decree.
(2) The Commissioner of the Korea Customs Service may provide benefits referred to in paragraph (1) to AEOs of other countries in accordance with the principle of reciprocity.
(3) Where an AEO fails to report the results of self-assessment referred to in Article 255-4 (2) or falls under any other grounds prescribed by Presidential Decree, the Commissioner of the Korea Customs Service may suspend the provision of all or part of the benefits referred to in paragraph (1) for a period of up to six months.
(4) The Commissioner of the Korea Customs Service may order a business entity which falls under a ground referred to in paragraph (3) to correct the ground.[This Article Newly Inserted on Dec. 21, 2021]