Sets the types of movement, pricing, tax and supporting records and their retention period.
What should you do now?Link stock, price and tax records to evidence and retain them for the prescribed period.
What does this Article provide?
Sets the types of movement, pricing, tax and supporting records and their retention period.
This is a verified plain-language summary. The binding full text remains in the official Regulations file linked below.
What does the Article mean in plain language?
The Article identifies records, documents and retention. A useful record traces goods from import or production through release or export.
Relevant to every registrant building a compliance file and preparing for inspection.
Link stock, price and tax records to evidence and retain them for the prescribed period.
How can this rule appear in practice?
Opening stock of 500 units plus 300 additions less 200 departures reconciles to 600 closing units, with evidence for each movement.
The example is explanatory; it is not an NBR case or a binding result for a specific fact pattern.Keeping totals without movement evidence.
Related Articles
Breaches, inspection and objections guide
Open the topic guide that combines Law, Regulations, procedure and examples in one flow.
Open practical guideBefore relying on the result
Is this commentary enough for a final decision?
No. Use it to understand and route the issue, then match the facts against official legislation, amendments and current guidance, obtaining specialist advice for material amounts, deadlines or penalties.
Why are several sources listed?
The Law states the rule, the Regulations detail procedure and the guide explains portal operation. None replaces the others.
What is the first fact I need?
Link stock, price and tax records to evidence and retain them for the prescribed period.
Official sources and guidance
Official source of the Regulations, read with the 2022 amendment and later decisions.
Used for operational context, terminology and examples; it does not replace legislation.
NBR classification of breaches, penalties, evasion cases and sanctions.