21A.13
| (a) | For the purpose of section 101 and notwithstanding anything to the contrary in any rule contained, every SEZ operator and CCA enterprise must— |
[Rule 21A.13(a) substituted by Notice R. 225 dated 20 March 2015 - These rules will come into effect on the date the regulations to be published in terms of the Special Economic Zones Act, 2014 (Act No. 16 of 2014) come into effect.]
| (i) | keep proper books, accounts and documents and any data created by means of a computer, of all transactions relating to the activity in respect of which the registration or the licence 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 for the purposes of any customs and excise procedure; |
| (ii) | include in such books, accounts, documents and data any requirements prescribed in any provision of the Act in respect of the activity for which the registration or licence is issued; |
| (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— |
| (aa) | proper accounting records of each type of goods manufactured, imported, received, stored, repacked or used or removed which include copies of invoices, dispatch delivery notes, bills of entry, transport documents, orders, payments received and made and proof of delivery to the consignee in respect of goods removed for any purpose excluding home consumption and payment of duty; |
| (bb) | a stock account balanced monthly. |
| (ii) | Where the CCA enterprise manufactures any goods, a stock record wherein the following must be recorded daily: |
| (aa) | receipts of materials for manufacturing; |
| (bb) | quantities of materials used and the nature and quantities of goods produced from such materials; |
| (cc) | the production rate of the materials used; |
| (dd) | nature and quantities of by-products or other goods manufactured; |
| (ee) | a separate record of manufacturing losses and other losses and goods damaged or destroyed. |
| (iv) | A reference number must be allocated to, and quoted on all documents relating, to goods received or manufactured in and exported or otherwise removed from a CCA according to which those goods can be readily identified in the production or other accounting records of an SEZ operator or CCA enterprise. |
[Rule 21A.13(b)(iv) substituted by Notice R. 566 dated 3 July 2015 - These rules will come into effect on the date the regulations to be published in terms of the Special Economic Zones Act, 2014 (Act No. 16 of 2014) come into effect.]
| (c) | Any accounting records kept in respect of the business of an SEZ operator or CCA enterprise shall utilize information prepared in a manner consistent with generally accepted accounting principles appropriate for such business and for fulfillment of the requirements of the Act and these rules relating to the activities performed in a CCA. |
[Rule 21A.13(c) substituted by Notice R. 566 dated 3 July 2015 - These rules will come into effect on the date the regulations to be published in terms of the Special Economic Zones Act, 2014 (Act No. 16 of 2014) come into effect.]
