Reports and Records

(1) The CEO shall adopt rules and regulations requiring CFZ businesses to submit in a timely manner the information necessary to complete CFZ reports except that no CFZ business shall be required to provide confidential or proprietary information, unless there exists a current legal investigation. (2) Every CFZ business shall furnish the CEO with bi-annual reports describing the activities of the CFZ business, its general performance, opportunities for increased employment, potential 30 Free Zones changes, and any other information which the CEO of the CFZ may require. (3) Each CFZ business shall maintain records documenting the entry, storage, use, transfer, removal, manipulation, manufacturing, destruction, exhibition, and exit of all imports and exports. (4) Each CFZ business shall keep and submit an annual physical inventory report of all its merchandise. (5) A reconciliation report shall be submitted to the CEO 60 days after the close of the calendar year. This will be reviewed by the CEO and made available to Customs authorities.