Foreign Exchange and Foreign Trade Control Law. Copyright Roderick Seeman

Article 55 (Provision of Security)

A person who is to import goods might be obligated, as provided by Cabinet Order, to provide security in the form of cash, securities, etc., to guaranty execution of his importation.

2. If a person who has obtained approval for import fails to carry out the importation, the security submitted by him under the preceding Paragraph may be foreclosed and devolved to the national treasury, as provided by Cabinet Order.