Busan Main Customs Office Holds 'Bonded Cargo Management and Transportation Procedure Briefing'

Notice of Related Legal Amendments

[Asia Economy Yeongnam Reporting Headquarters Reporter Yoon Yoseop] On the 29th, Busan Regional Customs Office held a 'Bonded Cargo Management and Bonded Transportation Procedure Briefing' at the Busan Customs New Port Office, attended by about 60 bonded cargo managers and practitioners from bonded areas and companies located in the Free Trade Zone within the New Port jurisdiction.

This briefing was organized to actively identify common violations of customs laws frequently committed by small and medium-sized enterprises due to mistakes, and to prevent companies from repeating such violations.

The briefing covered frequently occurring customs law violations such as the expiration of the domestic cargo storage period and explanations of the revised regulations related to the bonded warehouse zone amended this year.

The Busan Regional Customs Office particularly explained cases where bonded transportation applicants were inaccurately reported during bonded transportation between bonded factories (Free Trade Zone) and bonded transportation of goods exported abroad from the Free Trade Zone, such as being mistakenly reported as bonded warehouses or freight forwarders, and listened to various opinions from companies regarding this matter.

'Bonded Cargo Management and Bonded Transportation Procedure Briefing' held on the 29th at the Busan Main Customs New Port Office. (Photo by Busan Main Customs)

At the briefing, Choi Jae-gwan, Director of the New Port Customs Clearance Bureau at Busan Regional Customs Office, said, “Through proactive and preemptive system briefings, we will reduce violations by companies and further improve compliance with regulations so that customs and companies can achieve a win-win situation.”

The Busan Regional Customs Office plans to continuously seek solutions to difficulties occurring in bonded areas within its jurisdiction and provide various information so that companies can benefit.

This content was produced with the assistance of AI translation services.