(1) Customs duties shall be exempted on any of the following imported goods:
1. Goods used by foreign embassies, legations and other institutions corresponding thereto for their official business in Korea;
2. Goods used by foreign ambassadors, ministers, other diplomats corresponding thereto and their family living in Korea;
3. Goods used by foreign consulates and other institutions corresponding thereto for their official business in Korea;
4. Goods used by staff members prescribed by Presidential Decree and their family, from among staff members of foreign embassies, legations, consulates and staff members of other institutions corresponding thereto and their family living in Korea;
5. Goods imported by any foreign contractor under the terms and conditions of a contract entered into between such foreign contractor and the Government to undertake any project;
6. Goods used by any adviser and engineer dispatched by any international organization and any foreign government to the Government of Korea and other persons prescribed by Ordinance of the Ministry of Economy and Finance.
(2) No one shall obtain by transfer goods prescribed by Ordinance of the Ministry of Economy and Finance among goods on which customs duties are exempted in accordance with paragraph (1) to use them for purposes other than the one provided for in paragraph (1) for a period fixed by the Commissioner of the Korea Customs Service according to the standard prescribed by Presidential Decree up to three years from the date on which an import declaration thereon is accepted: Provided, That this shall not apply where prior approval therefor is obtained from the head of a customs office, as prescribed by Presidential Decree.
(3) Where goods prescribed by Ordinance of the Ministry of Economy and Finance under paragraph (2) are transferred for using them for purposes other than the one provided for in paragraph (1) within the period provided for in paragraph (2), customs duties exempted therefrom shall be promptly collected from a transferee.[This Article Wholly Amended on Dec. 30, 2010]