Section 207: Furnishing of information

1 Further to the requirement to comply with the provision of section 202 of this Act, a license holder, whenever required by the Service shall within the specified time frame
a produce for inspection invoices, books or document, including electronic records in the license holder's possession relating to any excisable goods that the holder manufactured during the preceding 12 months;
b answer questions regarding the description, manufacture, quantity, weight, volume, selling price, consignee, destination, cost of production, or manufacturer's profits, or any other matter relating to the manufactured goods which the Service may reasonably require for the purpose of carrying out the provisions of the excise laws or any regulations made under the excise laws;
c produce any evidence the Service may deem necessary in support of any information furnished; and
d make excise duty in the form and details and at such intervals as the Service may by regulations prescribe.

2 The Service may require an excise license holder to submit annually, or at such other time as the Service may require, a certificate of audit by an approved accountant certifying -
a the correctness of all the books and records, including electronic records, required by or under this Act to be kept by the holder of the excise license; and
b any of the matters referred to in subsection (1) (b) as the Service may require.

3 For the purpose of this section, an "approved accountant" means an accountant who is a member of one of the professional bodies that the Service, by notice in the Federal Government Gazette, has declared to be approved for the purposes of this section.

4 A license holder who without reasonable cause fails to comply with the requirements of this section commits an offence and 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.