Customs and Excise Act, 1964 (Act No. 91 of 1964)

Customs and Excise Rules

Chapter VIII : Registration, Licensing and Accredited Clients

Rules for Section 64G of the Act

Licensing of, and conditions and procedures applicable to, degrouping depots contemplated in section 6(1)(hC) and 64G for goods imported by air

Keeping of books, accounts and other documents

64G.23

(a)	For the purposes of sections 64G(7)(b) and 101 every degrouping operator must—

(i)

notwithstanding anything to the contrary contained in the Act, keep proper books, accounts and other documents and any data created by means of a computer, of all transactions relating to the activities in the degrouping depot and any goods received therein or removed thereto or therefrom, 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 purpose of any customs and excise procedure;

(ii)	include in such books, accounts or other documents—

(aa)	copies of manifests together with master air waybills and relevant house air waybills;

(bb)	copies of outturn reports;

(cc)	copies of all documents relating to the procedure in respect of excess goods, shortages or discrepant packages as required in terms of these rules;

(dd)	proof of delivery and receipt of goods removed to and from the degrouping depot;

(ee)	the release copies of bills of entry or other such release document specified in rule 38.10, printed copies of electronic release messages received form the South African Revenue Service; and

(ff)	any other book, account or document relating to the activities;

(iii)

any accounting records kept in respect of the business of a licensed degrouping depot 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 relating to the activities in such depot.