Rev. Rul. 60-119

Section 296.118 of the Interim Regulations for Taxpayment of Cigars, Cigarettes, and Manufactured Tobacco by Return of the Miscellaneous Regulations Relating to Tobacco Materials, Tobacco Products, and Cigarette Papers and Tubes states, in part, that every manufacturer of tobacco products shall keep a supporting record of the quantity of such products removed from his factory subject to tax. Held , manufacturers of tobacco may round off fractions of pounds to the nearest pound in the recording of daily totals of manufactured tobacco removed subject to tax and in the reporting of such removals in Section III of the semimonthly tax return. However, the daily totals must be determined before fractions of pounds can be rounded off. The method of rounding off fractions of pounds will follow the accepted formula of disregarding fractions of less than one-half pound and increasing fractions of one-half pound or more to the next whole pound.