27 C.F.R. § 555.161 Engaging in business without a license.
Title 27 - Alcohol, Tobacco Products and Firearms
Any person engaging in the business of importing, manufacturing, or dealing in explosive materials without a license issued under the Act, shall be fined not more than $10,000 or imprisoned not more than 10 years, or both.
Title 27: Alcohol, Tobacco and Firearms
PART 555—COMMERCE IN EXPLOSIVES
Subpart I—Unlawful Acts, Penalties, Seizures and Forfeitures
§ 555.161 Engaging in business without a license.