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

Customs and Excise Rules

Chapter IV : Customs and Excise Warehouses: Storage and  Goods in Customs and Excise Warehouses

Rules for Section 21 of the Act

Rule 21.05

Inventory 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.