BAC would like to make an arrangement whereby every 30 or 60 days we receive a Bonded Stock-On-Hand report showing product codes and their balances that are left in the warehouse.  Manned with this report we compile a reconciliation of what bonded goods are in the bond store and what is left on the Bond Store Registers to pick up where there may be any discrepancies.  We will notify the company of these and resolve to deal with them ASAP.  Any bonded items which cannot be accounted for need to be duty and vat paid by way of an XDP Entry that is submitted to Customs.  Once the XDP Entry has been processed and is ready for payment, payment can then be made directly to SARS:  Customs & Excise either by loading them as a bank approved beneficiary or linking them via the SARS e-Filing profile.

BAC also requests that where the company or staff become aware of discrepancies arising from a stock take or whatever the case may be, that Broughton Amiss Consultants is made aware of these discrepancies so as to adjust the bond store registers accordingly and pass the relevant entry to Customs for duty payment