[Code of Federal Regulations] [Title 40, Volume 30] [Revised as of July 1, 2005] From the U.S. Government Printing Office via GPO Access [CITE: 40CFR763.178] [Page 822] TITLE 40--PROTECTION OF ENVIRONMENT CHAPTER I--ENVIRONMENTAL PROTECTION AGENCY (CONTINUED) PART 763_ASBESTOS--Table of Contents Subpart I_Prohibition of the Manufacture, Importation, Processing, and Distribution in Commerce of Certain Asbestos-Containing Products; Labeling Requirements Sec. 763.178 Recordkeeping. (a) Inventory. (1) Each person who is subject to the prohibitions imposed by Sec. Sec. 763.165 and 763.167 must perform an inventory of the stock-on-hand of each banned product as of the effective date of the ban for that product for the applicable activity. (2) The inventory shall be in writing and shall include the type of product, the number of product units currently in the stock-on-hand of the person performing the inventory, and the location of the stock. (3) Results of the inventory for a banned product must be maintained by the person for 3 years after the effective date of the Sec. 763.165 or Sec. 763.167 ban on the product. (b) Records. (1) Each person whose activities are subject to the bans imposed by Sec. Sec. 763.165, 763.167, and 763.169 for a product must, between the effective date of the Sec. 763.165 or Sec. 763.167 ban on the product and the Sec. 763.169 ban on the product, keep records of all commercial transactions regarding the product, including the dates of purchases and sales and the quantities purchased or sold. These records must be maintained for 3 years after the effective date of the Sec. 763.169 ban for the product. (2) Each person who is subject to the requirements of Sec. 763.171 must, for each product required to be labeled, maintain a copy of the label used in compliance with Sec. 763.171. These records must be maintained for 3 years after the effective date of the ban on distribution in commerce for the product for which the Sec. 763.171 requirements apply. [54 FR 29507, July 12, 1989, as amended by 54 FR 46898, Nov. 8, 1989; 58 FR 34205, June 23, 1993]