[Code of Federal Regulations]
[Title 27, Volume 1]
[Revised as of April 1, 2005]
From the U.S. Government Printing Office via GPO Access
[CITE: 27CFR46.206]

[Page 972]
 
            TITLE 27--ALCOHOL, TOBACCO PRODUCTS AND FIREARMS
 
 CHAPTER I--ALCOHOL AND TOBACCO TAX AND TRADE BUREAU, 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. 46.206  Book or record inventory requirements.

    You may use a book or record inventory if you have source records 
that show:
    (a) The quantity of receipts and dispositions of all cigarettes.
    (b) The actual type and quantities of cigarettes on hand as if a 
physical inventory had taken place the moment the tax increase became 
effective. Refer to Sec. 46.205(a).
    (c) The name and address of the consignor and consignee.
    (d) The date of receipt or disposition of the cigarettes.
    (e) The brand name of each product.
    (f) If you do not take the inventory as of the close of business on 
the last respective business days of 1999 and 2001, the records must be 
reconciled as described in Sec. 46.205(e).