27 Cfr 478.122

[Code of Federal Regulations]
[Title 27, Volume 2]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 27CFR478.122]

[Page 105-106]

TITLE 27--ALCOHOL, TOBACCO PRODUCTS AND FIREARMS

CHAPTER II--BUREAU OF ALCOHOL, TOBACCO, FIREARMS, AND EXPLOSIVES,
DEPARTMENT OF JUSTICE

PART 478_COMMERCE IN FIREARMS AND AMMUNITION--Table of Contents

Subpart H_Records

Sec. 478.122 Records maintained by importers.

(a) Each licensed importer shall, within 15 days of the date of
importation or other acquisition, record the type, model, caliber or
gauge, manufacturer, country of manufacture, and the serial number of
each firearm imported or otherwise acquired, and the date such
importation or other acquisition was made.
(b) A record of firearms disposed of by a licensed importer to
another licensee and a separate record of armor piercing ammunition
dispositions to governmental entities, for exportation, or for testing
or experimentation authorized under the provisions of Sec. 478.149
shall be maintained by the licensed importer on the licensed premises.
For firearms, the record shall show the quantity, type, manufacturer,
country of manufacture, caliber or gauge, model, serial number of the
firearms so transferred, the name and license number of the licensee to
whom the firearms were transferred, and the date of the transaction. For
armor piercing ammunition, the record shall show the date of the
transaction, manufacturer, caliber or gauge, quantity of projectiles,
and the name and address of the purchaser. The information required by
this paragraph shall be entered in the proper record book not later than
the seventh day following the date of the transaction, and such
information shall be recorded under the following formats:

[[Page 106]]

Importer's Firearms Disposition Record
----------------------------------------------------------------------------------------------------------------
Name and
license No. of
Quantity Type Manufacturer Country of Caliber or Model Serial licensee to Date of the
manufacture gauge No. whom transaction
transferred
----------------------------------------------------------------------------------------------------------------

Importer's Armor Piercing Ammunition Disposition Record
------------------------------------------------------------------------
Calibur or Quantity of Purchaser--Name and
Date Manufacturer gauge projectiles address
------------------------------------------------------------------------

(c) Notwithstanding the provisions of paragraph (b) of this section,
the Director of Industry Operations may authorize alternate records to
be maintained by a licensed importer to record the disposal of firearms
and armor piercing ammunition when it is shown by the licensed importer
that such alternate records will accurately and readily disclose the
information required by paragraph (b) of this section. A licensed
importer who proposes to use alternate records shall submit a letter
application, in duplicate, to the Director of Industry Operations and
shall describe the proposed alternate records and the need therefor.
Such alternate records shall not be employed by the licensed importer
until approval in such regard is received from the Director of Industry
Operations.
(d) Each licensed importer shall maintain separate records of the
sales or other dispositions made of firearms to nonlicensees. Such
records shall be maintained in the form and manner as prescribed by
Sec. Sec. 478.124 and 478.125 in regard to firearms transaction records
and records of acquisition and disposition of firearms.

(Approved by the Office of Management and Budget under control number
1512-0387)

[T.D. ATF-270, 53 FR 10501, Mar. 31, 1988]