Rev. Proc. 65-21

SECTION 1. PURPOSE.

The purpose of this Revenue Procedure is to provide procedure for modifying Form 2612, Taxpaid Spirits Returned to Bonded Premises, when distilled spirits are to be returned to bonded premises for destruction.

SEC. 2. BACKGROUND.

Section 805(c) of the Excise Tax Reduction Act of 1965, Public Law 89-44, page 568, this Bulletin, amended section 5215(a), Internal Revenue Code of 1954, to authorize the immediate destruction of distilled spirits returned to the bonded premises of a distilled spirits plant. This provision of the statute is effective as to spirits returned to bonded premises on and after July 1, 1965.

SEC. 3. MODIFICATION OF APPLICATION.

If the spirits to be returned are to be destroyed, the application in section I of Form 2612 will be modified by inserting in item 11, following the phrase `The returned spirits will be immediately:' the word `Destroyed.' Such modification will be made until Form 2612 is appropriately revised.

SEC. 4. INQUIRIES.

Any inquiries concerning this Revenue Procedure should refer to its number and be addressed to the appropriate Assistant Regional Commissioner, Alcohol and Tobacco Tax.