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 21.04Inventory control |
21.04.11
| (a) | The licensee of a duty and tax free shop must establish and maintain an inventory control system approved by the Commissioner to reflect, at least— |
| (i) | a precise description of the goods together with a clear distinction between the types of goods; |
| (ii) | the quantities of goods received in the duty and tax free shop and removed therefrom; |
| (iii) | the date of receipt of the goods in the duty and tax free shop, the date of sale and the date of removal; |
| (iv) | monthly and year-end balances of all unsold goods in the duty and tax free shop; |
| (v) | particulars of goods lost, destroyed or damaged; and |
| (vi) | any other particulars as may be specified by the Commissioner. |