The control System of Bonded Goods

(Ⅰ) The Concept
According to article 100 of Customs Law, bonded goods refers to the goods which enter the territory without duty payment procedures upon approval of Customs authorities and are re-transported out of the territory again after storage, processing or assemble in the territory.

(Ⅱ) The Characteristics
1. Bonded goods are applicable for the re-transported goods after storage, processing and assemble in the territory. Therefore, the temporary import aimed to re-export after storage, processing and assemble is the condition on which the bond comes into being.

2. Customs duty is one of the cores in Customs clearance management. The most important factor in customs duty collection is if the goods are put into the economic circulation within the territory. In this sense, delayed duty-paying has been the outstanding characteristics that distinguish the goods of temporary import for storage, processing and assembly from the other goods of Customs clearance (excluding temporarily-permitted import & export goods).

3. Since the bonded goods is conditioned by temporary import for storage, processing and assembly, then during this period, to maintain the original re-export managerial goal and not to put the goods into use or on sale within the territory will be the foundation of the existence of the bonded form. Once the original managerial goal is changed, the foundation of bonded form naturally will not exist.

4. In order to supervise and control the goods for storage, processing and assembly within the territory to reach the managerial goal of re-export, and to ensure the effective implementation of the import and export policies and measures on customs duty, and guaranteed by the strict and secret guarantee and the control mechanism, the Customs shall protect the "temporarily-delayed duty-paying" in a practical way.