Rev. Proc. 64-27

SECTION 1. PURPOSE.

This Revenue Procedure describes the method of reporting, for statistical purposes, stocks of alcohol and neutral spirits of less than 190 degrees of proof, in barrels.

SEC. 2. BACKGROUND.

Form 332, Statement by Kinds, Seasons, and Years of Production of Spirits in Bonded Warehouses, provides for the reporting of all stocks of neutral spirits and alcohol of less than 190 degrees of proof as a single entry, regardless of the type of container in which stored. There now is a need for separate information as to stocks of neutral spirits and alcohol of less than 190 degrees of proof in barrels.

SEC. 3. PROCEDURE.

Pending further revision of Form 332, where Column (f) includes neutral spirits and/or alcohol of less than 190 degrees of proof, in barrels, enter on the back of the Form the statement, "Spirits less than 190 proof, in barrels--(Number) tax gallons." If Column (f) of the report includes spirits of less than 190 degrees of proof but none of such spirits are contained in barrels, the statement should read, "Spirits less than 190 proof, in barrels--None." This information, if applicable, must be included in the report for the period ending June 30, 1964, and in each semi-annual report thereafter.

SEC. 4. STATISTICS TO BE MADE AVAILABLE.

Based on the information submitted in the manner indicated in Section 3 hereof, the Alcohol and Tobacco Tax Division will publish, as a part of its statistical releases, a breakdown of the quantities of neutral spirits and alcohol of less than 190 degrees of proof, in barrels, on hand at the end of each six-month period.

SEC. 5. INQUIRIES.

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

SEC. 6. EFFECT ON OTHER DOCUMENTS.

This Revenue Procedure supplements Revenue Procedure 62-14, C.B. 1962-1, 445.