Where the following goods are imported, customs duties thereon may be exempted: <Amended on Jan. 1, 2014; Dec. 31, 2019>
1. Goods exported from Korea (including bonded processing exports) that are re-imported without being manufactured, processed, repaired or used in any foreign country (hereafter referred to as "re-imported" in this Article) (excluding where goods prescribed by Ordinance of the Ministry of Economy and Finance, which can be used for a long period among goods exported from Korea for the purposes of a temporary use in a foreign country in accordance with a lease contract or any other contract, or cases where goods are displayed in a fair, exhibition, competitive show or any other event equivalent thereto) within two years from the date on which an export declaration was approved: Provided, That no customs duties shall be exempted in any of the following cases:(a) Where customs duties on the relevant goods or raw materials are reduced or exempted;(b) Where a refund is granted under this Act or the Act on Special Cases concerning the Refund of Customs, etc. Levied on Raw Materials for Export;(c) Where a person that is not the one who is eligible for the refund under this Act or the Act on Special Cases concerning the Refund of Customs Duties, etc. Levied on Raw Materials for Export re-imports the relevant goods: Provided, That the cases where a person that re-imports the goods submits a document proving the person eligible for the refund waives his or her right for the refund shall be excluded therefrom;(d) Where no customs duties are assessed on bonded processing goods or other goods, the storage period of which expires are sold under the condition that they are re-exported;
2. Containers of exported goods which are re-imported;
3. Re-imported goods after being exported for the purposes of overseas testing and research.[This Article Wholly Amended on Dec. 30, 2010]