Section 206: Books and records

1 Every holder of an excise license shall keep at the licensed premises all records required under the excise laws, and shall make the required entries relating to the manufacture, storage and delivery of excisable goods and materials, and each entry shall be made legibly and shall not be altered in any manner other than by cancellation, or by amendment.

2 All records required to be kept under the provisions of the excise laws shall at all times be available for inspection by the proper officer, and the officer may take copies of the records.

3 Records may be kept in electronic form, subject to safeguards and conditions as the Service may specify in the regulations.

4 An excise license holder who contravenes any of the provisions of this section is liable on conviction to -
a a fine of N5,000,000 and N50,000 for every day the default continues; or
b imprisonment for a term of three years.