Licensee Must Keep Detailed Records of Warehoused Goods, Submit Monthly Reports, and Notify Bond Officers in Advance.
A licensee managing warehoused goods must maintain comprehensive records of all activities related to the receipt, handling, storage, and removal of goods, and present them to bond officers when required. These records, including digital copies, must be preserved for at least five years and protected against loss. Monthly reports on warehouse activities must be submitted within ten days after the month ends. If the warehousing period is nearing expiry, the licensee must inform the bond officer in advance. Records must be stored electronically with audit trails to track any modifications or access attempts, ensuring data integrity and security.
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