General Principles: Control objectives and potential risk areas: 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 traders physical stock-taking;
- Standard of the traders stock record;
- Stock deficiencies;
Stock surpluses (may indicate undeclared production, diverted exports, transfers etc).