27 Cfr 555.121

[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: 27CFR555.121]

[Page 188]

TITLE 27--ALCOHOL, TOBACCO PRODUCTS AND FIREARMS

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

PART 555_COMMERCE IN EXPLOSIVES--Table of Contents

Subpart G_Records and Reports

Sec. 555.121 General.

(a)(1) Licensees and permittees shall keep records pertaining to
explosive materials in permanent form (i.e., commercial invoices, record
books) and in the manner required in this subpart.
(2) Licensees and permittees shall keep records required by this
part on the business premises for five years from the date a transaction
occurs or until discontinuance of business or operations by the licensee
or permittee. (See also Sec. 555.128 for discontinuance of business or
operations.)
(b) ATF officers may enter the premises of any licensee or holder of
a user permit for the purpose of examining or inspecting any record or
document required by or obtained under this part (see Sec. 555.24).
Section 843(f) of the Act requires licensees and holders of user permits
to make all required records available for examination or inspection at
all reasonable times. Section 843(f) of the Act also requires licensees
and permittees (including holders of limited permits) to submit all
reports and information relating to all required records and their
contents, as the regulations in this part prescribe.
(c) Each licensee and permittee shall maintain all records of
importation, production, shipment, receipt, sale, or other disposition,
whether temporary or permanent, of explosive materials as the
regulations in this part prescribe. Sections 842(f) and 842(g) of the
Act make it unlawful for any licensee or permittee knowingly to make any
false entry in, or fail to make entry in, any record required to be kept
under the Act and the regulations in this part.

(Approved by the Office of Management and Budget under control number
1512-0373)

[T.D. ATF-87, 46 FR 40384, Aug. 7, 1981, as amended by T.D. ATF-172, 49
FR 14941, Apr. 16, 1984; ATF No. 1, 68 FR 13790, Mar. 20, 2003]

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