Stamp Duties Act, 1968 (Act 77 of 1968)
R 385
National Regulator for Compulsory Specifications Act, 2008 (Act No. 5 of 2008)Regulations, 201011. Records |
| (1) |
| (a) | A levy payer shall keep an accurate record of any commodity or product manufactured, built or imported by such person, for which a compulsory specification applies, in such a manner that the precise type of that commodity or product, and the quantities manufactured, built or imported, and to where they were subsequently sold, can be determined at any time. |
| (b) | The records contemplated in subregulation (1)(a) shall be made readily available to the National Regulator on request. |
| (2) |
| (a) | Manufacturers, builders or importers shall keep additional separate records of specific commodities or products sold under a sales permit, that provide suitable evidence detailing how they are marked for traceability, and precisely who they were sold to. |
| (b) | The records contemplated in subregulation (2)(a) shall be maintained and be made readily available to the National Regulator on request. |
| (3) | Records contemplated in terms of subregulation (1) shall be maintained for a period of five (5) years and additional records contemplated in terms of subregulation (2) shall be maintained for a period of two (2) years. |
| (4) |
| (a) | The registration certificate issued by the National Regulator in terms of regulation 11 (3) or 11 (5), as applicable, shall be kept on record by the relevant certificate holder for as long as such holder is in the business of manufacturing, building or importing of any commodity or products, or providing a service, subject to a compulsory specification. |
| (b) | The certificate contemplated in subregulation (4)(a) shall be made readily available to an inspector on request. |
