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Current as of January 02, 2025 | Updated by Findlaw Staff
(a) The dealer may use a record (book) inventory if the dealer has source records that show:
(1) The quantities of receipts and dispositions of all articles subject to floor stocks tax;
(2) The types and quantities of articles actually on hand as if a physical inventory had taken place on April 1, 2009. See the table in § 46.201(c) for the information required for each type of article;
(3) The name and address of the consignor and consignee. For over the counter sales by retail dealers, the consignee name and address is not required;
(4) The date of receipt or disposition of the articles; and
(5) The brand name of each product.
(b) If the dealer does not take the inventory as of the close of business on the last business day before April 1, 2009, the records must be reconciled as provided in § 46.201(b).
(Approved by the Office of Management and Budget under control number 1513–0129)
Cite this article: FindLaw.com - Code of Federal Regulations Title 27. Alcohol, Tobacco Products and Firearms § 27.46.203 Record (book) inventory requirements - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-27-alcohol-tobacco-products-and-firearms/cfr-sect-27-46-203/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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