Article 16 - Storage and Providing Access to removed Documents and Assets

1. Any Documents or Assets removed under Article (14) of this Decision shall be kept and stored by the Authority for the duration required for the completion of the Tax Audit in accordance with the conditions included in Clauses (2) and (3) of this Article.

2. Any Documents or Assets removed and retained shall be returned to the Person to whom a record has been provided under the provisions of Clause (3) of Article (14) of this Decision in a condition as good as practically possible. The Authority may dispose of the Assets that naturally deteriorate and hence cease to have value, in accordance with the internal procedures of the Authority.

3. For perishable Assets, the Authority shall have the right to dispose of them (45) business days after their removal, in accordance with the internal procedures of the Authority.

4. The Authority shall notify the owner of an Asset (10) business days prior to exercising its right under Clauses (2) or (3) of this Article, of its intention to dispose of the Asset in whole or in part, and give the owner an opportunity to take back the Asset in whole or in part.

5. Where the Person from whom the Asset or Document was taken submits a request to view the Asset or Document, the Authority may:

a. Allow the Person who made the request to view the Asset or Document under the supervision of the Authority for the purpose of photocopying or photographing the Document or photographing the Asset.

b. Photocopy or photograph the Document or photograph the Asset, and provide the photocopy or the photograph to the relevant Person.

c. Reject the request where the Authority believes that it would prejudice any of the following:

1) That Tax Audit.
2) The Tax Audit of another Person.
3) Any investigation related to any of the Documents or Assets to be viewed.
4) Any criminal proceedings related to the Document or the Asset to be viewed.

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