[Code of Federal Regulations]
[Title 27, Volume 1]
[Revised as of April 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 27CFR27.31]

[Page 717-718]
 
            TITLE 27--ALCOHOL, TOBACCO PRODUCTS AND FIREARMS
 
 CHAPTER I--ALCOHOL AND TOBACCO TAX AND TRADE BUREAU, DEPARTMENT OF THE 
                                TREASURY
 
PART 27--IMPORTATION OF DISTILLED SPIRITS, WINES, AND BEER--Table of Contents
 
                 Subpart C--Special (Occupational) Taxes
 
Sec. 27.31  Warehouse receipts covering distilled spirits.

    Since the sale of warehouse receipts for distilled spirits is 
equivalent to the sale of distilled spirits, every person engaged in 
business as an importer of distilled spirits, who sells, or offers for 
sale, warehouse receipts for distilled

[[Page 718]]

spirits stored in customs bonded warehouses, or elsewhere, incurs 
liability to special tax as a dealer in liquors at the place where the 
warehouse receipts are sold or offered for sale, and must file return 
and pay occupational tax as provided in Sec. 27.30.

(68A Stat. 618, 620, 621; 26 U.S.C. 5111, 5112, 5121, 5122)