Rev. Rul. 54-202

Since alcohol produced from ethylene gas, or other petroleum derivative, may be deposited in an industrial alcohol bonded warehouse and later withdrawn taxpaid, or transferred in bond and later withdrawn taxpaid, the proprietor of the industrial alcohol plant where such alcohol is produced should show `Alcohol-Petroleum Derivative' on Form 1440, `Report of Alcohol Gauged.' Accordingly, where the origin of alcohol is required to be shown on packages of ethyl alcohol produced from ethylene gas or other petroleum derivative, such origin should be shown as `Alcohol-Petroleum Derivative.'