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)