[Code of Federal Regulations]
[Title 27, Volume 1]
[Revised as of April 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 27CFR46.194]

[Page 846]
 
            TITLE 27--ALCOHOL, TOBACCO PRODUCTS AND FIREARMS
 
 CHAPTER I--BUREAU OF ALCOHOL, TOBACCO AND FIREARMS, DEPARTMENT OF THE 
                                TREASURY
 
PART 46--MISCELLANEOUS REGULATIONS RELATING TO TOBACCO PRODUCTS AND CIGARETTE PAPERS AND TUBES--Table of Contents
 
 Subpart I--Floor Stocks Tax on Cigarettes Held for Sale on January 1, 
                       2000 and on January 1, 2002
 
Sec. 46.194  Persons liable for this tax.

    You are liable for this tax if you hold for sale any taxpaid or 
taxdetermined cigarettes at the moment a tax increase is effective. You 
are liable for floor stocks tax on cigarettes that you own that may be 
in transit (refer to Secs. 46.207 and 46.208). You may also be liable if 
you hold cigarettes in a foreign trade zone (refer to Sec. 46.209).