[Code of Federal Regulations]
[Title 27, Volume 1]
[Revised as of January 1, 2008]
From the U.S. Government Printing Office via GPO Access
[CITE: 27CFR31]

[Page 895]
 
            TITLE 27--ALCOHOL, TOBACCO PRODUCTS AND FIREARMS
 
 CHAPTER I--ALCOHOL AND TOBACCO TAX AND TRADE BUREAU, DEPARTMENT OF THE 
                                TREASURY
 
PART 31_ALCOHOL BEVERAGE DEALERS--Table of Contents
 
                   Subpart L_Exemptions and Exceptions
 
Sec.  31.193  Persons returning liquors for credit, refund, or exchange.

    No retail dealer in liquors or beer, or other person, shall be 
deemed to be a wholesale dealer in liquors or a wholesale dealer in 
beer, as defined in this part, by reason of his bona fide return of 
distilled spirits, wines, or beer, as the case may be, to the dealer 
from whom purchased (or to the successor of such vendor's business or 
line of merchandise) for credit, refund, or exchange, and the giving of 
such credit, refund or exchange shall not be deemed to be a purchase 
within the meaning of 26 U.S.C. 5117 of Sec.  31.211 of this part. 
Except in the case of wholesale dealers in liquors required to keep 
records of their transactions under Sec. Sec.  31.225 and 31.226, or 
retail dealers required to keep records under Sec.  31.234, persons 
returning liquors as provided herein are not required to keep records or 
submit reports of such transactions.

(72 Stat. 1340, 1343; 26 U.S.C. 5113, 5117)

[25 FR 6270, July 2, 1960. Redesignated at 40 FR 16835, Apr. 15, 1975, 
and amended by T.D. ATF-48, 44 FR 55844, Sept. 28, 1979; T.D. ATF-116. 
47 FR 51571, Nov. 16, 1982. Redesignated and amended by T.D. TTB-25, 70 
FR 19884, 19886, Apr. 15, 2005]