[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]