Amended 1958, 1976, 1997, 2009
- 2009 Pub. L. 111-3 Pub. L. 111–3 inserted “, processed tobacco,” after “tobacco products”.
- 1997 Pub. L. 105-33 Pub. L. 105–33 inserted “or importer” after “manufacturer”.
- 1976 Pub. L. 94-455 Pub. L. 94–455 struck out “or his delegate” after “Secretary”.
- 1958 Pub. L. 85-859 Pub. L. 85–859 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.
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.