[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: 27CFR555.122]

[Page 189]
 
            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. 555.122  Records maintained by licensed importers.

    (a) Each licensed importer shall take true and accurate physical 
inventories which will include all explosive materials on hand required 
to be accounted for in the records kept under this part. The licensed 
importer shall take a special inventory
    (1) At the time of commencing business, which is the effective date 
of the license issued upon original qualification under this part;
    (2) At the time of changing the location of his business to another 
region;
    (3) At the time of discontinuing business; and
    (4) At any time the regional director (compliance) may in writing 
require. Each special inventory is to be prepared in duplicate, the 
original of which is submitted to the regional director (compliance), 
and the duplicate retained by the licensed importer. If a special 
inventory specified by paragraphs (a) (1) through (4) of this section 
has not been taken during the calendar year, at least one physical 
inventory will be taken. However, the record of the yearly inventory, 
other than a special inventory required by paragraphs (a) (1) through 
(4) of this section, will remain on file for inspection instead of being 
sent to the regional director (compliance). (See also Sec. 555.127.)
    (b) Each licensed importer shall, not later than the close of the 
next business day following the date of importation or other acquisition 
of explosive materials, enter the following information in a separate 
record:
    (1) Date of importation or other acquisition.
    (2) Name or brand name of manufacturer and country of manufacture.
    (3) Manufacturer's marks of identification.
    (4) Quantity (applicable quantity units, such as pounds of 
explosives, number of detonators, number of display fireworks, etc.).
    (5) Description (dynamite (dyn), blasting agents (ba), detonators 
(det), display fireworks (df), etc.) and size (length and diameter or 
diameter only of display fireworks).
    (c) Each licensed importer shall, not later than the close of the 
next business day following the date of distribution of any explosive 
materials to another licensee or a permittee, enter in a separate record 
the following information:
    (1) Date of disposition.
    (2) Name or brand name of manufacturer and country of manufacture.
    (3) Manufacturer's marks of identification.
    (4) Quantity (applicable quantity units, such as pounds of 
explosives, number of detonators, number of display fireworks, etc.).
    (5) Description (dynamite (dyn), blasting agents (ba), detonators 
(det), display fireworks (df), etc.) and size (length and diameter or 
diameter only of display fireworks).
    (6) License or permit number of licensee or permittee to whom the 
explosive materials are distributed.
    (d) The regional director (compliance) may authorize alternate 
records to be maintained by a licensed importer to record his 
distribution of explosive materials when it is shown by the licensed 
importer that alternate records will accurately and readily disclose the 
information required by paragraph (c) of this section. A licensed 
importer who proposes to use alternate records shall submit a letter 
application to the regional director (compliance) and shall describe the 
proposed alternate records and the need for them. Alternate records are 
not to be employed by the licensed importer until approval is received 
from the regional director (compliance).
    (e) Each licensed importer shall maintain separate records of the 
sales or other distribution made of explosive materials to nonlicensees 
or nonpermittees. These records are maintained as prescribed by Sec. 
555.126.

(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; T.D. ATF-293, 55 FR 3721, Feb. 5, 1990; T.D. 
ATF-400, 63 FR 45003, Aug. 24, 1998]