Duty of CFZs to submit records, etc

(1) All CFZ businesses within a CFZ shall submit a detailed account of inventories, record of all transfers and destruction of goods and a record of sales on a monthly basis to the CEO of that CFZ. In special cases, the CEO may deem it necessary to have an inventory account, sales and transfer record prepared on demand and these records may also apply to CFZ activities. (2) All CFZ businesses shall submit audited financial statements to the CEO of the NFZA on an annual basis not later than four months after the close of the CFZ’s fiscal year. (3) The companies or other entities which operate both in the national customs territory and in the free zone shall maintain separate books and accounts in respect of each activity. (4) The CEO of the NFZA shall appoint duly qualified compliance officers to perform on-site inspections of CFZ 23 businesses and all CFZ businesses shall render full cooperation to the compliance officers in the discharge of their functions. etc.