Commercial Distillery Records Sample Clauses

Commercial Distillery Records. 1. As a manufacturer producing and handling Product in British Columbia, you are also required to maintain adequate business records that clearly demonstrate your ability to account for all the Product you handle.

Commercial Distillery Records. As a manufacturer producing and handling packaged beverage alcohol in British Columbia, you are required to maintain adequate business records that clearly demonstrate your ability to account for all the beverage alcohol you handle. At a minimum, the records you maintain and retain need to be sufficient so that any reasonable third party reviewing your records can determine the following regarding your packaged beverage alcohol: - The amount you currently store in your Licensed Establishment including the on-site store endorsement area. As a Commercial Distillery, you are required to physically count your inventory at the close of business on March 31 each year. Also, you are required to APPENDIX A Commercial Distillery – Reporting Requirements and Procedures retain your physical count sheets that clearly identify the product you counted at each of your warehouse locations. - The amount you produced in your Commercial Distillery. - The amount a third party bottled on your behalf. - The amount you used for promotional, tasting or sampling purposes. - The amount you disposed of for quality control purposes, breakage or general destruction. - The amount that you shipped out of British Columbia including sufficient documentation to clearly evidence that this product physically left British Columbia. - The amount you sold to your authorized customers in British Columbia. All the records referred to above must be retained at your Commercial Distillery’s office(s) in British Columbia. These records must be kept for a period of not less than six years following the end of each calendar year. You must make all your records available if any authorized representative of the LDB conducts an inspection or audit; including allowing access to any premise wherein your packaged beverage alcohol is stored. If the inspection or audits referred to above disclose a breach of the Agreement, you must pay the costs and expenses of the inspection or audit and any payments assessed as due and owing, as determined by the LDB using reasonable audit standards. Please note that your Commercial Distillery is solely responsible for collection and remittance of all provincial and federal taxes, levies and fees imposed by the current provincial, municipal, federal or other regulations on sales to your retail customers from your Commercial Distillery unless the terms of the Agreement state otherwise. Exhibit A – Customer Types and Pricing The Table below provides the applicable customer typ...