Section 140: Inventory and record keeping systems

For customs control measures, persons carrying on business in a special economic zone shall maintain manual or automated inventory control and record keeping systems or combination of both systems capable of -
a accounting for all goods, including goods of Nigerian, Economic Community of West African States origin or other countries temporarily deposited, admitted, stored, exhibited, manipulated, manufactured, destroyed, transferred, or removed from a free zone;
b producing accurate and timely reports and documents as may be required by the Service;
c identifying shortage and overages of goods in a special economic zone in sufficient detail to determine the quality, description, tariff classification, special economic zone status, and value of the missing or excess goods;
d providing all the information necessary to make entry for goods being transferred to the customs territory; and
e providing an audit trail to customs forms from admission through manipulation, manufacture, destruction or transfer of merchandise from a special economic zone either by special economic zone or customs authorised inventory method.