Every manufacturer or importer of tobacco products, processed tobacco, or cigarette papers and tubes, and every export warehouse proprietor, shall make a true and accurate inventory at the time of commencing business, at the time of concluding business, and at such other times, in such manner and form, and to include such items, as the Secretary shall by regulation prescribe. Such inventories shall be subject to verification by any internal revenue officer.
Aug. 16, 1954, ch. 73668A Stat. 713Pub. L. 85–859, title II, § 20272 Stat. 1422Pub. L. 94–455, title XIX, § 1906(b)(13)(A)90 Stat. 1834Pub. L. 105–33, title IX, § 9302(h)(2)(A)111 Stat. 674Pub. L. 111–3, title VII, § 702(a)(2)(A)123 Stat. 108(, ; , , ; , , ; , , ; , , .)
Editorial Notes
Amendments
Pub. L. 111–32009— inserted “, processed tobacco,” after “tobacco products”.
Pub. L. 105–331997— inserted “or importer” after “manufacturer”.
Pub. L. 94–4551976— struck out “or his delegate” after “Secretary”.
Pub. L. 85–8591958— substituted “manufacturer of tobacco products or cigarette papers and tubes” for “manufacturer of articles” and “internal revenue officer” for “revenue officer”, and inserted provisions to include export warehouse proprietors.
Statutory Notes and Related Subsidiaries
Effective Date of 2009 Amendment
Pub. L. 111–3section 702(a)(6) of Pub. L. 111–3section 5702 of this titleAmendment by effective , see , set out as a note under .
Effective Date of 1997 Amendment
Pub. L. 105–33section 5702(j) of this titlesection 9302(i) of Pub. L. 105–33section 5701 of this titleAmendment by applicable to articles removed, as defined in , after , with transition rule, see , set out as a note under .
Effective Date of 1958 Amendment
Pub. L. 85–859section 210(a)(1) of Pub. L. 85–859section 5001 of this titleAmendment by effective , see , set out as an Effective Date note under .