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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 44 - Emergency Management and Assistance |
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Chapter IV - Department of Commerce and Department of Transportation |
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Part 403 - SHIPPING RESTRICTIONS; NORTH KOREA AND THE COMMUNIST-CONTROLLED AREA OF VIETNAM (T-2) |
§ 403.5 - Records.
Latest version.
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Each person participating in any transaction covered by this order shall retain in his possession, for at least 2 years, records of voyages and shipments in sufficient detail to permit an audit that will determine for each transaction that the provisions of this order have been met. This provision does not require any particular accounting method and does not require alteration of the system customarily maintained, provided such records supply an adequate basis for audit. Records may be retained in the form of microfilm or other photographic copies instead of the originals.