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Record Keeping by Dealers
Once a dealer receives the prescribed certificate, he can start acquiring and selling second-hand goods.
All dealers who acquire and sell second-hand goods are required to keep a “register or record book”.
This register or record book must contain the prescribed particulars / details regarding each and every acquisition or sale of second-hand goods.
The dealer is obliged to obtain at least the following prescribed particulars:
-The identity of the person from whom the second-hand goods were acquired including: full names, contact address and contact numbers;
-The manner in which the person’s identity was verified; and
-The person’s ID number.
-A description of the goods and the serial number or a distinguishing feature of the goods. -The purchase price paid by the dealer.
-The number assigned to the second-hand goods by the dealer -The date and time of the transaction, the date on which the goods were sold or how and when the goods were sold.
The person purchasing or selling the second-hand goods to the dealer must furnish the dealer with his full name, physical address and original ID document as proof of identity.
The dealer should then keep a copy of the person’s ID for verification purposes.
You will note that the above process is very information, document and time intensive.
What's in the box
1 x Second Hand Register