Discontinuance of Internal Revenue
Tobacco Invoices, Form 774
Dealers in leaf tobacco and
dealers in tobacco materials:
1. The purpose of this industry circular is to provide
immediately the same relief to dealers in leaf and other tobacco
materials from the preparation of certain internal revenue tobacco invoices, Form 774, as has been accorded manufacturers of
tobacco products under new regulations, Parts 270 and 275 of
Title 26 CFR (1954), which became effective June 25 and July 19,
1955, respectively.
2. The leaf tobacco markets are beginning to open for the
coming tobacco marketing season. In connection with the sales
of leaf tobacco on these markets, the dealers in leaf tobacco who
operate the auction warehouses where the sales of leaf tobacco
are consummated are required to prepare thousands of invoices,
Form 774, in connection with such sales. In many cases it is
necessary for the proprietors of such warehouses to supply a staff
of people to prepare and handle the invoices covering their sales
of tobacco.
3. Since the preparation of such invoices by manufacturers
of tobacco products has been discontinued with respect to domestic
purchases, receipts, sales and shipments of tobacco materials by
them, and the same arrangement is intended for dealers in tobacco
materials under proposed regulations Part 280 of Title 26 CFR (1954),
the preparation of internal revenue tobacco invoices, Form 774, by
dealers in leaf and other tobacco materials shall be discontinued
immediately, except in connection with the importation and exportation of tobacco materials where the invoices must be presented to
the appropriate customs authorities for completion and endorsement.
4. Inquiries in regard to this industry circular should refer
to the number thereof and should be directed to the appropriate
Assistant Regional Commissioner, Alcohol and Tobacco Tax.
Dwight E. Avis
Director, Alcohol and Tobacco Tax Division
IRS-11902
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