Agreement To Maintain Books And Records Outside Of Canada

14. If compliance with the written agreement has not been reached within the allotted time, the CCRA may send the person a formal letter describing the information to be mentioned in the books and recordings and describing the legal consequences of the person`s non-compliance with the letter. Non-compliance may lead to prosecution by the CCRA. This memorandum specifies the requirements for persons who are licensed or registered under the Excise Act 2001 (the “Law”) as well as for the retention and provision of certain other persons, records, management books, documents and other information. (a) go to any place where the public servant believes the person is keeping records or engaged in an activity to which the law applies; 11. The CCRA may indicate in writing the form that must take a set of data and all the information that needs to be recorded. This may be the case where CCRA officials feel that the recordings are insufficient in the circumstances. Under Section 40 (3) of the Customs Act, failure to keep records or grant appropriate access to documents or property, or failure to provide documents or information as required, results in penalties of $1,000 for the first event, $2,500 for the second event and $5,000 for the third; MAXIMUM $25,000. The goods may also be held by customs and non-registration may lead to a refusal of preferential tariff treatment. These regulations also provide that these records are kept for a period of six years from the importation of the goods. 35. Individuals who must keep books and records in accordance with the law and wish to keep them on microfilms must first obtain written authorization from their designated Regional Excise Office to ensure that the microfilm program complies with Canadian national standards.

24. Anyone who manages books and recordings electronically must ensure that all equipment and software necessary for the intelligibility of the records is available during the required retention period. (11) The records in Sections 2 and 3 of the Import Goods Registry Regulations (Regulations) must be kept in such a way that a CBSA official can conduct detailed checks and audits to conduct detailed checks and audits to obtain or verify information on whether the amount of fees paid or payable has been made. Importers, including non-resident importers, are required to register goods imported into Canada. 13. As a general rule, the person is invited to enter into a written agreement with the CCRA on the maintenance of appropriate books and records, and a CCRA legal auditor will conduct a follow-up visit within a time frame determined by the agreement to ensure that compliance has been achieved. 37. A public servant may, at any time and for all purposes related to the administration or application of this Act, inspect and inspect a person`s registrations, procedures, property or premises to determine whether that person is in compliance with the law.