Imported Goods Records Regulations

2 (1) Every person who is required by subsection 40(1) of the Act to keep records in respect of commercial goods shall keep, for the period of six years following the importation of the commercial goods, all records that relate to

• (a) the origin, marking, purchase, importation, costs and value of the commercial goods;

• (b) payment for the commercial goods;

• (c) the sale or other disposal of the commercial goods in Canada; and

• (d) any application for an advance ruling made under section 43.1 of the Act in respect of the commercial goods.

(2) In addition to the requirements of subsection (1), every CSA importer shall keep, for the period of six years following the importation of the commercial goods,

• (a) records that provide a description and the quantity of the commercial goods;

• (a.1) records relating to the reception of the commercial goods;

• (b) records showing the credits and adjustments used to determine the amount paid for the commercial goods

• (c) records relating to the accounting for the commercial goods;

• (d) records relating to any refund, drawback or re-determination of duties;

• (e) a list of vendors and consignees of the commercial goods; and

• (f) records relating to the information needed to complete the form entitled “CSA Revenue Summary” in respect of the commercial goods and to the payment of duties on those goods.