Taiwan - The Ministry of Finance (“MOF”) Amended The Enforcement Rules Of The Customs Act (the “Engorcement Rules”) .
Legal News & Analysis - Asia Pacific - Taiwan - Regulatory & Compliance
30 March, 2018
By virtue of the new Article 43 of the Enforcement Rules, which coincides the the legislative purpose of exempting exhibition goods from customs duty, the custom duty exemption in Article 52 Paragraph 1 of the Customs Act is applicable to the consumable goods approved by the MOF to be used for demonstration in government-sponsored exhibitions (such as flowers and plants).
According to Article 43 Paragraph 3 of the Enforcement Rules, the consumable goods for exhibition shall be considered re-exported in the same state if they are determined by the competent authority to be consumed during the exhibition and approved by the Customs to be written off from the Statement of Actual Consumption as items having no commercial value.
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Luke Lee, Tsar & Tsai Law Firm