Items restricted for export or ¡°items of specific types of transactions" The Management of the export price The Management of raw materials for foreign currency acquisition Implementation period for foreign currency acquisition Approval of a change in the purpose of use Approval of transfer between trading firms Nowadays, the volume of export and import is expanding and export-import items are becoming more complex and upscale. Against this backdrop, the Management of huge volume of export and import requires a lot of manpower and time. Accordingly, the authorities introduced "Autonomously Managed Company" system to tackle the issue. The system is designed to exempt companies with good track records from the Management and let them manage imported items on their own. The system also aims to enhance independent operations and cut additional costs for export. Designation of AMC Upon receiving applications, the National Institute of Technology Quality (NITQ) designates AMCs and notifies the Ministry of Commerce, Industry and Energy and the head of Customs Office. Requirements for AMC Companies which recorded more than 500,000 U.S. dollars in export in the previous year or ones which were awarded a medal for merit for their export records (above the level of medals awarded by the President after 1984) or leading exporting companies  Trading companies which have run their business for more than two years since business registration Companies without any record of non-compliance with foreign currency acquisition over the past two years Required documents A document verifying export records A copy of a trader registration A regulation for autonomous control A note on which the applicant promise not to use the raw materials for other purposes Notification of export implementation AMCs are granted autonomy, but there needs to be, to a certain degree, a supervision. In this respect, they are required to submit a report on their compliance to the head of the NITQ semiannually by the end of the next month.  Administrative sanctions against AMCs AMCs which do not fulfill their obligations are subject to the deprivation of their status. Conditions for cancellation of the status of AMC Supply of raw materials to other companies without notification of supply execution or use, transfer or takeover of the materials for other purposes without authorization Case where the Management is impossible due to bankruptcy, etc. Case where there is a violation of a law or an order AMCs which are deprived of their status are not entitled to apply for the status for three years.