Rev. Rul. 62-172

Because of numerous changes in the law and regulations relating to products subject to tax under Chapter 52 of the Internal Revenue Code of 1954, a review has been made of the Revenue Rulings and Revenue Procedures issued with respect to such products from 1953 to date.

Particular consideration has been given to the effect of the Excise Tax Technical Changes Act of 1958, 26 U.S.C. 5701, C.B. 1958-3, 92, at 231, which substantially revised the provisions of Chapter 52 of the Code, and to the regulations issued, reissued, or amended as a result of the enactment of this law.

On the basis of the review which has been made, it has been determined that the following Revenue Rulings and Procedures have no application to the law and regulations now in effect, or they are unnecessary since the subject matter of the ruling or procedure is now specifically covered by regulations. These Revenue Rulings and Revenue Procedures are therefore found to be no longer in effect and are hereby declared to be obsolete, as follows:

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