Bonded Premises Transfer Exemption
IRC §5723(e)
Tobacco products and processed tobacco transferred to bonded premises of another manufacturer or export warehouse are exempt from immediate packaging and marking requirements, allowing for tax-deferred movement of inventory.
Eligibility
Requires transfer to the bonded premises of another manufacturer or export warehouse proprietor or release in bond from customs custody.
Frequently Asked Questions
Who is eligible for the Bonded Premises Transfer Exemption?
Requires transfer to the bonded premises of another manufacturer or export warehouse proprietor or release in bond from customs custody.
How does the Bonded Premises Transfer Exemption work?
Tobacco products and processed tobacco transferred to bonded premises of another manufacturer or export warehouse are exempt from immediate packaging and marking requirements, allowing for tax-deferred movement of inventory.
What law authorizes the Bonded Premises Transfer Exemption?
The Bonded Premises Transfer Exemption is authorized under IRC §5723(e) of the Internal Revenue Code (Title 26, United States Code).
Statutory Text — IRC §5723
Source: Internal Revenue Code, Title 26, United States Code
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Legal Sources
US Code (Official) — 26 USC §5723 → Cornell Law Institute — 26 USC §5723 → Search IRS.gov for IRC §5723(e) → Treasury Regulations (26 CFR) →Discovered by: discovery_engine_v1
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