Customs and Excise Act, 1964 (Act No. 91 of 1964)Customs and Excise RulesChapter IV : Customs and Excise Warehouses: Storage and Goods in Customs and Excise WarehousesRules for Section 21 of the ActRule 21.04Keeping of books, accounts and documents |
21.04.12
| (a) | For the purpose of section 101, and notwithstanding anything to the contrary in any rule contained, every licensee must— |
| (i) | keep proper books; accounts and documents and any data created by a computer of all transactions relating to the activities in respect of which the license is issued, for a period of five years calculated from the end of the calendar year in which any such document was created, lodged or required in respect of any customs procedure contemplated in these rules; |
| (ii) | include in such books, accounts and documents and data any requirements prescribed in any provision of the Act in respect of a storage warehouse for imported or locally-produced goods; and |
| (iii) | produce such books, accounts, documents and data on demand at any reasonable time and render such returns or submit such particulars in connection with the transactions relating to the licensed activity as the Commissioner may require. |
| (b) | Such books, accounts, documents and data must include, as applicable— |
| (i) | proper accounting records of each type of goods received, stored and sold at each duty and tax free shop; |
| (ii) | copies of bills of entry, invoices, orders for goods, delivery notes and payments received and made; |
| (iii) | copies of forms SAD 500 and supporting documents contemplated in rule 21.04.10; and |
| (iv) | any other documents the Commissioner may specify. |