Customs and Excise Act, 1964 (Act No. 91 of 1964)Customs and Excise RulesChapter V : Clearance and Origin of Goods: Liability for and payment of dutiesRules for Section 38A of the ActKeeping of books, accounts and documents |
38A.12
| (a) | For the purposes of section 101A and the rules made thereunder, and notwithstanding anything to the contrary in any rule contained, every licensee or exporter must— |
| (i) | create accounting records that utilise information prepared in a manner consistent with generally accepted accounting principles appropriate for the activities to which these rules relate; |
| (ii) | keep proper books, accounts and documents and any data created by a computer of all transactions relating to the activities contemplated in section 38A and these rules, 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 regulating those activities; |
| (iii) | include in such books, accounts and documents any relevant requirements prescribed in any provision of this Act in respect of a special customs and excise storage warehouse and the export of goods; and |
| (iv) | 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 contemplated in subparagraph (ii). |
| (b) | Such books, accounts, documents and data must include, as applicable— |
| (i) | proper and separate accounting records of each class or kind of goods in which is recorded daily goods obtained, stored and supplied to or returned from any foreign-going ship or aircraft; |
| (ii) | copies of all documents relating to goods obtained, all dispatch and delivery notes in numerical order, goods returned and payments received and made; |
| (iii) | copies of forms SAD 500 and supporting documents contemplated in rules 38A.09 and 38A.10; and |
| (iv) | any other documents the Commissioner may specify. |