Rev. Proc. 56-16

SECTION 1. PURPOSE.

The purpose of this Revenue Procedure is to provide instructions relative to the preparation of revised Form 168, Order for Stamps for Large Cigars.

SEC. 2. REVISION OF FORM 168.

The order for stamps, Form 168, required to be prepared by manufacturers in ordering stamps for large cigars, has been revised by changing `Factory No.' to `Permit No.' and by inserting in the instructions the sentence, `This form shall be executed in triplicate.' Existing stocks of Form 168 (Revised March 1953) may continue to be used and will continue to be issued for use until exhausted.

SEC. 3. PREPARATION OF FORM 168 BY MANUFACTURERS.

The Form 168 will be prepared in triplicate and will show the manufacturer's permit number.

SEC. 4. PROCEDURE.

The manufacturer of large cigars will present the three copies of Form 168, which must be accompanied by remittance in the full amount, to the District Director of Internal Revenue, who will stamp such order `Received with Remittance,' as provided in Revenue Procedure 56-1, page 1016, this Bulletin, and will return one copy of the receipted form to the manufacturer. In accordance with section 270.148(b) of the Regulations relating to Cigars and Cigarettes (Manufacturers, Importers, and Dealers), the manufacturer must retain a copy of each such order form, which has been marked paid by the District Director of Internal Revenue, for two years following the close of the year in which the stamps were purchased, and such form shall be made available for inspection by any internal revenue officer upon his request.

SEC. 5. INQUIRIES.

Inquiries in regard to this Revenue Procedure should refer to the number thereof and should be directed to the Assistant Regional Commissioner, Alcohol and Tobacco Tax.

SEC. 6. EFFECTIVE DATE.

This Revenue Procedure is effective April 4, 1956.