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 21.05Inventory control |
21.05.10
| (a) | A licensee must establish and maintain an inventory control system approved by the Commissioner. |
| (b) | Upon receipt of any goods, whether bonded or in free circulation, a licensee must— |
| (i) | document such goods on the inventory system referred to in paragraph (a); and |
| (ii) | assign to such goods a unique inventory code against which the information listed in paragraph (c) must be available in respect of the goods. |
| (c) | The following information in respect of goods in the special shop for diplomats must be available against the unique inventory code assigned in terms of paragraph (b): |
| (i) | A precise description of the goods, clearly distinguishing between the types of goods; |
| (ii) | the quantities, volume or weight of goods received and date of receipt; |
| (iii) | the reference number and date of the sales invoice or other sales document issued upon sale of the goods, and the date of removal; |
| (iv) | an indication that the goods are lost, destroyed or damaged, in the case of goods being lost, destroyed or damaged; |
| (v) | current balances on quantities of bonded goods; and |
| (vi) | any other particulars as may be specified by the Commissioner. |