Cap. 382 Art. 10Records and statements.

(1) An authorized warehouse keeper shall be required to:

(a) provide a guarantee, if necessary, to cover production, processing, holding, storage and a compulsory guarantee to cover movement, the conditions for which shall be set by the Commissioner;

(b) comply with the requirements laid down by the

Commissioner;

(c) keep, for each authorised tax warehouse correct and precise, accounts of stock and product movements which truly reflect the actual stock that is physically present in the authorised tax warehouse;

(d) produce the products whenever so required; and

(e) consent to all monitoring and stock checks: Provided that the Commissioner, under the conditions set by him, may allow the guarantee referred in paragraph (a) to be provided by the transporter or carrier, the registered consignor, the owner of the excisable goods, the consignee, or jointly by two or more of the said persons herein mentioned.

(2) The guarantee mentioned in the previous sub-article shall be valid throughout the Community and its detailed rules shall be laid down by the Commissioner.

(3) The Commissioner may waive the obligation to provide a guarantee in respect of the following movements of excisable goods under a duty suspension arrangement:

(a) movements which take place entirely in Malta;

(b) where the other Member States concerned so agree, movements of energy products within the Community by sea or by fixed pipeline.