TPD2110 - General Principles: Control objectives and potential risk areas: Storage

Storage

Control Objective:

To ensure that all products:-

• declared on the Production Account; or
• received from elsewhere without payment of duty; or
• returned on credit or for repayment of duty, are properly recorded in the stock account of the registered store

Potential risk area:

• Standard of trader’s physical stock-taking
• Standard of the trader’s stock record
• Stock deficiencies
• Stock surpluses (may indicate undeclared production, diverted exports, transfers etc)