27 C.F.R. § 27.31 Warehouse receipts covering distilled spirits.
Title 27 - Alcohol, Tobacco Products and Firearms
The sale of warehouse receipts for distilled spirits is equivalent to the sale of distilled spirits. Accordingly, except during the suspension period described in §27.30(b), every person engaged in business as an importer of distilled spirits, who sells, or offers for sale, warehouse receipts for distilled 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 §27.30(a). During the suspension period, every such person must register as provided in §27.30(b). (68A Stat. 618, 620, 621; 26 U.S.C. 5111, 5112, 5121, 5122) [T.D. TTB–36, 70 FR 62247, Oct. 31, 2005]
Title 27: Alcohol, Tobacco and Firearms
PART 27—IMPORTATION OF DISTILLED SPIRITS, WINES, AND BEER
Subpart C—Special (Occupational) Taxes
§ 27.31 Warehouse receipts covering distilled spirits.
