South Africa is one of the few countries that still applies fairly strict exchange control regulations to the movement of foreign currency in and out of the country. In accordance with these regulations, the exporter is expected to complete Form NEP (in instances where no foreign exchange is generated – NEP stands for No Exchange Proceeds). This document is referred to asan exchange control declaration. The form is to be completed in duplicate and the original must be attested by the exporter’s commercial bank; if this is not done, the form will not be accepted by the Customs authority. The bank will keep a copy, while the original and all additional copies, accompanied by the Customs Declaration Form (SAD 500), must be submitted to the Customs authority at the time of export. Customs will keep the original, returning additional copies to the exporter.